Daily Metal Prices (February 23, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 17Feb. 16Feb. 13Feb. 12Feb. 11Al Alloy1590/162…
Articles by Northern Miner Staff
LME Warehouse Levels (February 23, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 17 (change from Feb. 10 in brackets):MetalStock(tonnes)ChangeAluminium1404375(-1…
Cape Town conference brings support from African politicians
Cape Town, South Africa — Improved commodity prices and easier mine financing made for an upbeat mood at the Indaba 2004 meeting, formally known as the Investing in African Mining Conference.Organize…
Pivotal year for Ashton, Soquem in Quebec
A bulk-sampling drilling program is under way at the Foxtrot property in north-central Quebec as Ashton Mining of Canada (ACA-T) and partner Soquem set about recovering a cumulative sample of at least…
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…
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…
Gold sparkles on Venture exchange
Vancouver — Canada’s junior exchange continued its bull run during the week ended Feb. 17. The S&P-TSX Venture Exchange composite index closed at 1931.61, up 65.43 points, or 3.5%.Spider Resources an…
The Northern Miner Indices (February 23, 2004)
North American Mining: 111.00 (+2.71)Small Producers: 131.07 (+6.16)(Sept. 30/98 = 100)…
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…