The Northern Miner Indices (January 12, 2004)
North American Mining: 105.83 (-10.20)Small Producers: 120.12 (+4.48)(Sept. 30/98 = 100)…
News
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$100-million-per-year exploration campaign that has culminat…
Tournigan Gold expands in Ireland
Vancouver — Tournigan Gold (TVC-V) has purchased two more exploration permits in the Republic of Ireland, increasing its land position in the region to 2,022 sq. km.The permits host two gold zones re…
Sighs of relief
It was a long time coming, but from the vantage point of early 2004, we can probably screw up our courage and declare the long resource-industry slump over, and maybe call 2003 the Year of the Bullion…
Lumina buys Relincho deposit
Vancouver — Lumina Copper (LUM-V) has inked a deal with Andes Pacific Development to acquire the Relincho copper property, 630 km north of Santiago, Chile.The 195-sq.-km property contains several por…
Chinese investors to build silver ‘zone’
In an effort to cultivate China’s burgeoning silver industry, private investors are planning to build the Shanghai Silver Industry Exploitation Zone.Led by Shanghai Contor Enterprise Develop Co., the …
Spot Prices Tuesday, Jan. 6, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/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…
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…
Golds mixed
U.S. markets were a little stronger in the first few days of 2004, with the S&P 500 index adding 14.03 points over the trading period Dec. 30-Jan. 6 to finish at 1,123.67.The U.S.-listed golds were mi…
Cassidy cuts gold in Guinea (January 12, 2004)
Vancouver — A second phase of drilling by Cassidy Gold (CDY-V) has confirmed the high-grade nature of the Kouroussa property in Guinea, West Africa.Last year, the Kamloops, B.C.-based junior tested t…