Denison divided in three
Diversified energy company Denison Energy (DEN-T) will split into three separate companies under a reorganization plan.The company’s uranium and other mining interests will be transferred into a resur…
2004
Daily Metal Prices (January 12, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 6Jan. 5Jan. 2Dec. 31Dec. 30Al Alloy1470/1500…
Rio Tinto reports major copper find in Arizona
For a company not readily recognized for making its own discoveries, London-based Rio Tinto (RTP-N) is beginning to enjoy the fruits of a US$100-million-per-year exploration campaign that has culminat…
Cameco gathers gold assets under Centerra
Higher gold prices have prompted Cameco (CCO-T) to bundle its gold assets into newly created Centerra Gold, and offer shares in that company.Initially, Cameco will hold 67% of Centerra after transferr…
Resource groups mirror physical prices
In a repeat performance, base metal issues fared better, on the whole, than their precious metal peers over the holiday-shortened period ended Jan. 6.The diversified metals and minerals index climbed …
Renewed strength for copper, nickel
After looking at estimated relative metal price performances for 2004, copper looks to be the strongest, and we believe there are strong fundamental reasons for an aggressive annual average cash price…
Spot Prices Tuesday, Jan. 6, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$428.00+12.40Silver$6.28 +0.37Platinum$850.00+38.00…
LME Warehouse Levels (January 12, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 5 (change from Dec. 24 in brackets):MetalStock(tonnes)ChangeAluminium1422525(+33…
Golds glitter on junior exchange
Vancouver — Canada’s junior exchange continued its love affair with bullion over the holiday-shortened trading week that ended Jan 6. The S&P-TSX Venture Exchange composite index added 55.5 points, o…
Exchange Rates (January 12, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 6Jan. 5Jan. 2Dec. 31Dec. 30US$ in C$1.28191.28031.29001.2924…
Producer and Dealer Prices (January 12, 2004)
Antimony: Mid-mkt US$2,280/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.62/lb.Cobalt: Recent trades US$17.90-22.50/lb.Copper: Comex Mar. US$1.0705/lb.Indium: Indium Corp., ingot, US$320/kg.Irid…
Canadian Stock Exchange Indices (January 12, 2004)
DateJan. 6Jan. 5Jan. 2Dec. 31Dec. 30HighLowTSX 8405.108381…