Producer and Dealer Prices (December 01, 2003)
Antimony: Mid-mkt US$2,000/t.Bismuth: Mid-mkt US$2.75/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$14.00-16.30/lb.Copper: Comex Dec. US$0.8945/lb.Indium: Indium Corp., ingot, US$265/…
2003
Platinum on upswing
The price of platinum could reach new 23-year highs in the next six months as the deficit between supply and demand persists and if investment funds continue to maintain long positions, says Johnson M…
Randgold looks at Loulo
Putting its unsuccessful bid for Ashanti Goldfields behind it, South African-based Randgold Resources says it is close to making a development decision on its promising high-grade Loulo gold prospect …
Wheaton River ponies up for Amapari
The latest target of Wheaton River Minerals (WRM-T) is expected to boost the company’s annual production by a quarter, but the promise comes at a considerable premium.Since mid-2002, Wheaton has spent…
Higher Metal Prices drive Cerro Casale
Vancouver — Eleven years after partners Bema Gold (bgo-t) and Arizona Star Resource (AZS-V) discovered the Cerro Casale copper-gold deposit, majority owner Placer Dome (pdg-t) has started talks with …
Watered-down grades hurt Semafo’s quarter (December 01, 2003)
Montreal-based Semafo (SMF-T) ended the third quarter of 2003 with a $3-million loss (4 per share), largely because of intense rain at the Kiniero mine in Guinea.Production fell to 9,862 oz. in the q…
Editorial Cartoon (December 01, 2003)
AngloGold sells Coyote to Tanami
Vancouver — Perth-based Tanami Gold has picked up the prospective Coyote deposit, 150 km north of Callie in Western Australia.Coyote is part of the Western Tanami project, which had been held by Angl…
Jilbey cuts gold at Taranga (December 01, 2003)
Initial results from drilling at the 240-sq.-km Taranga exploration permit in Burkina Faso, West Africa, have failed to match higher gold grades obtained in earlier sampling by Jilbey Gold Exploration…
Cambior raises $41m
Shares in Montreal-based Cambior (CBJ-T) shot up 22, or more than 5%, to 4.40 in early trading in Toronto on Nov. 25 after the intermediate gold producer announced that it had raised $40.9 million.Th…
Appalaches trenches Turcotte
Trenching by Appalaches Resources (APP-V) on the Mont-de-l’Aigle property, in Quebec’s Gasp Peninsula, has exposed the recently discovered Turcotte showing for more than 100 metres while doubling the…
Suits could cripple Indonesia (December 01, 2003)
Potential lawsuits by 22 mining companies, including Freeport-McMoRan Copper & Gold and Inco, against the Indonesian government could reach a staggering US$31.5 billion, according to a government spok…