Hecla shatters silver record
The old dog is still learning new tricks: in 2003, U.S. silver miner Hecla Mining enjoyed the best year of silver production in its 113-year history. The company mined a record 9.8 million oz. at a to…
2004
Editorial Cartoon (February 23, 2004)
Assaying
The following is an excerpt from the ninth edition of Mining Explained, published by The Northern Miner. The book sells for $30 plus $3 for shipping and is available by calling 1-800-668-2374. E-mail:…
Investment Commentary: Scotia Capital sees US$470-per-oz. gold
While many gold analysts have been criticized by gold bugs for bailing out of gold in a big way in December 2003, Scotia Capital stands out among the usually conservative, bank-owned brokerage houses …
Production up in South Africa
Total mining production in South Africa rose by 5.8% in 2003 after a tiny 0.8% increase in 2002, according to Statistics South Africa.The increase was due in large part to an increase of 9.4% in the p…
IMA arranges financing
Vancouver — IMA Exploration (IMR-V) has inked a deal with a syndicate of underwriters to raise $4.6 million on a bought-deal basis.The underwriters, Canaccord Capital and First Associates Investments…
Mining and the common good
It is far from unusual in this business to meet someone convinced he is the owner of fabulous mineral riches. In many cases, of course, the riches are fabulous in the narrow sense of the word — a fab…
Obituary: Arthur Fisher
Arthur Thompson Fisher, a mining engineer and principal of numerous mining companies, passed away suddenly in late January in North Vancouver, B.C.Fisher was born in 1938, in Edinburgh, Scotland; he a…
Base Metals: The Last Leg Higher
Since the latest consensus metal price forecast survey conducted by Reuters in mid-January, in which we were the most bullish forecaster for 2004 on an aggregate basis, analysts have been busy making …
Producer and Dealer Prices (February 23, 2004)
Antimony: Mid-mkt US$2,600/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.53/lb.Cobalt: Recent trades US$27-28/lb.Copper: Comex Mar. US$1.2435/lb.Indium: Indium Corp., ingot, US$375/kg.Iridium: M…
Exchange Rates (Bank of Canada, Feb. 17)
CurrencyAus $EuroJapan Mex PSA RandUK In C$1.04571.68360.012380.11980.20022.4956…
Barrick, Falco team up in Tanzania
Odd couple Barrick Gold (ABX-T) and Falconbridge (FL-T) have agreed to explore jointly the Kabanga nickel deposit in Tanzania.Falco can take a half-interest and assume the role of operator by funding …