Coeur advances Kensington
The best news of the period for U.S.-based miners was Coeur d’Alene Mines’s signing of a memorandum of understanding with Alaska and U.S. agencies to grant environmental permits for the company’s prom…
2003
Junior exchange stages mid-summer rally
Vancouver — Canada’s junior exchange sprinted to yet another new yearly high during the week ended July 29. The S&P-TSX Venture Exchange composite index jumped 61.45 points, or 5.4%, and closed at 1,…
Tax breaks give Canada edge
(Note: Dryblower is an Australian-based syndicated column appearing in Australia’s Mining Monthly and on the web site MiningNews.net)How do you know if there’s a boom happening? Obviously you can list…
Strike averted in South Africa
What would have been South Africa’s largest strike since 1987 was averted when more than 100,000 mineworkers at the country’s three biggest gold mines accepted a 2-year agreement involving a 10% wage …
People (August 04, 2003)
Barker Minerals — Sean McKinley appointed exploration manager.Diamondex — Christopher Mitchell appointed CFO.First Point Minerals — Christopher Mitchell appointed CFO and secretary.
Northern Miner Indices (August 04, 2003)
Barrick GoldABX-T19.4%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport McM BFCX-N7.1%GoldcorpG-T4.4%IncoN-T7.8%Kinross GoldK-T4.3%Newmont MiningNEM-N24.1%NorandaNRD-T4.6%Phelps DodgePD-N…
Spot Prices Wednesday July 30, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$359.10+6.90Silver$5.10+0.27Platinum$693.00+3.00P…
Losses for Phelps Dodge
Vancouver — For the ninth-consecutive quarter, Phelps Dodge (PD-N) has failed to make a profit.The world’s second-largest copper producer incurred a net loss of US$15.2 million (or US21 per share) i…
South Africa produces less gold (August 04, 2003)
South African gold production in the first quarter of 2003, at 2,963,824.9 oz. was down 2.7% compared with the corresponding period of 2002. Moreover, production was down 6.8% from the quarter ended D…
Cambior pulls gold at Westwood
Drilling by Cambior (CBJ-T) at its Westwood property in northwestern Quebec has intersected gold mineralization at depth that appears to correlate with known zones at the Doyon gold mine, 2 km to the …
Daily Metal Prices (August 04, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 29July 28July 25July 24July 23Al Alloy1370/138…
LME Warehouse Levels (August 04, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 29 (change from July 22 in brackets):Aluminium1293825(+4000)Aluminium Alloy31880…