Gold rally will continue: GFMS
Gold Fields Mineral Services expects gold prices to continue rallying over the first half of the new year, perhaps surpassing US$450 per oz. before this period is out.That was among the predictions of…
News
All it took was a mining revival Go west, again
Vancouver’s Mineral Exploration Roundups have, for the past several years, been the most optimistic of the mineral industry’s get-togethers.Sometimes the optimism has grown out of a discovery — for e…
Suppliers Roundup (January 26, 2004)
JV to review Inco’s GoroInco has awarded a US$39.5-million contract to Foster Wheeler and SNC-Lavalin, which will jointly review the Goro nickel-laterite project in New Caledonia.The 50-50 joint ventu…
Development projects look good for Coeur d’Alene
Silver major Coeur d’Alene Mines (CDE-N) is enjoying better-then-expected results from ongoing feasibility studies at its San Bartolome silver project in southern Bolivia and Kensington gold project i…
People (January 26, 2004)
Aker Kvaerner — David Lawson appointed head of Chilean operations; Don Gale appointed head of Canadian operations.Cazaly Resources — Clive Jones appointed joint managing director with current managi…
McWatters pushed into administration
Gold miner McWatters Mining (MWA-T) has agreed to the appointment of a receiver under the Bankruptcy and Insolvency Act and plans to make a repayment proposal to its creditors.One of McWatters’ secure…
Canadian Stock Exchange Indices (January 26, 2004)
DateJan. 20Jan. 19Jan. 16Jan. 15Jan. 14HighLowTSX Composite8623.62…
LME Warehouse Levels (January 26, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 19 (change from Jan. 12 in brackets):MetalStock(tonnes)ChangeAluminium1432800(+5…
Spot Prices Tuesday, Jan. 20, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$408.30-16.20Silver$6.39 -0.23Platinum$858.00-10.00…
Placer Dome continues PDAC support
The PDAC is pleased to welcome Placer Dome as a Platinum sponsor of this year’s convention. Vancouver-based Placer Dome is one of the world’s leading gold producers, operating 18 mines on five contine…
PDAC 2004: Ride the resurgence
By: Joe Hamilton, Chairman, and Kerry Smith, Co-Chairman, Convention Planning CommitteeThe global mining industry witnessed a resurgence in metals prices throughout 2003, led by gold and nickel, with …
Central bankers look to renew Washington Agreement
Gold ended a tough week on Friday, Jan. 16, ahead of the U.S. long weekend, at US$406.20 per oz., and this was better than seemed likely after prices had fallen US$12 on the previous day. The absence …