First Quantum profitable (June 09, 2003)
An expansion program and higher head grades enabled First Quantum Minerals (FM-T) to pump out twice as much copper cathode in the recent first quarter as a year earlier.The mid-tier producer mines the…
2003
BacTech gives Tonkin Springs a try (June 09, 2003)
Canadian-Australian junior BacTech Enviromet (YBA-V) has agreed to take a 55% interest in the past producing Tonkin Springs gold mine in Nevada’s Eureka Cty.To do so, BacTech must pay U.S. Gold (USGL-…
LME Warehouse Levels (June 09, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 3 (change from May 27 in brackets):MetalStock(tonnes)ChangeAluminium1133350(-792…
Global industrial production and what it means for mining, Part 2
The shift in the location of industrial production has significant implications for mineral transportation. Mineral production historically developed in response to, and in the vicinity of, industrial…
Gold shines on long-term dollar weakness
Investors in gold stocks have taken profits in one of the best years for investing in the precious metal in more than a decade.The high price of gold has been linked to the tensions with Iraq, but thi…
Exchange Rates (June 09, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 3June 2May 30May 29May 28US$ in C$1.37581.36951.37081.3769…
Money well spent
While we were raking the current Ontario government over the coals last week, for spending money without the authority of the legislature, some of that same money was being dished out for a new projec…
Trading Summary (June 06, 2003)
The Toronto Stock Exchange ended the week with a 12.01-point gain to 7,046.88 on Friday. The mining sector wasn’t m…
Umicore to buy OM’s precious metals business
Cleveland-based cobalt giant OM Group (OMG-N) is selling its precious metals business to Belgium’s Umicore (formerl…
Geomaque raises $7.3 million
Geomaque Explorations (GEO-T) has raised $7.3 million via a brokered private placement of 130.7 million subscriptio…
Globex ropes in Honduran property
Playing against type, Abitibi explorer Globex Mining Enterprises (GMX-T) has staked a property covering a series of…
Trading Summary (June 05, 2003)
Canada’s junior exchange ended the day higher with advancing issues out pacing declining stocks by a 334-to-291 mar…