Meadowbank “surprise” fells Cumberland
Shares in Cumberland Resources (CLG-T) shed another 25% on Monday, after the Vancouver-based miner said that…
2004
Grand Central climbs on gold discovery (March 22, 2004)
Shares of Grand Central Silver Mines (GSLM-PK) have doubled, tripled and quadrupled in recent months, follow…
Platinum surges while palladium finds support
Platinum has already surged this year, reaching levels not seen since 1980. Indeed, platinum has been the only real challenger to nickel for the title of “star metal,” which is fitting given it’s the …
Canadian Stock Exchange Indices (March 22, 2004)
DateMarch 16March 15March 12March 11March 10HighLowTSX Composite8503.278434.418592.048503…
Madrid bombings shake US-led coalition
The report period ended March 16 was stained by a terrorist attack on Spanish commuters riding Madrid’s train system during the early hours of March 11. Ten bombs were detonated on four trains, killin…
Cameco’s Boroo on-stream
Cameco’s (CCO-T) 53.2%-owned Boroo gold mine, 110 km northwest of Ulaanbaatar in Mongolia, has started commercial production.The open-pit operation is owned and operated by Boroo Gold, an indirect sub…
Alaska mining on the rise
Rising metal prices sparked the Alaska mining industry last year, according to the Geological Survey of Alaska.The total value of mineral exploration, development, and production is expected to hit US…
Eldorado writes down Sao Bento
Vancouver-based Eldorado Gold (ELD-T) posted a net loss of US$45 million for 2003, largely because of a US$39.5-million writedown of the value of the Sao Bento gold mine in Brazil. By comparison, the …
Indonesia says mining will continue in protected forests
The Indonesian government will allow 13 mining companies to continue operations despite violations of the country’s forestry law.The move provides a boost to the mining industry after a controversial …
Producer and Dealer Prices (March 22, 2004)
Antimony: Mid-mkt US$2,915/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.55/lb.Cobalt: Recent trades US$24-28.50/lb.Copper: Comex May US$1.366/lb.Indium: Indium Corp., ingot, US$485/kg.
NAP nearly doubles production (March 22, 2004)
With the new primary crusher at its Lac des les mine, near Thunder Bay, Ont., fully operational, North American Palladium (PDL-T) enjoyed a profitable fourth quarter.During the three months ended Dec…
BHP streamlines management
The biggest corporate shuffle during the period ended March 16 was carried out by the world’s largest mining company, BHP Billiton. The major has brought its customer-sector-groups division under thre…