Producer and Dealer Prices (October 20, 2003)
Antimony: Mid-mkt US$2,250/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.95-12.00/lb.Copper: Comex Dec. US$0.8635/lb.Indium: Indium Corp., ingot, US$180/kg.Iridi…
News
Lending Rates (October 20, 2003)
as of 4 pm ET, Oct. 14, 2003(%)Bank of Canada3.00Target overnight rate2.75Canadian Prime4.50U.S. Discount Primary2.00U.S. Fed Funds market rate1.00U.S. Prime4.00LIBOR US$ 3-month1.15LIBOR US$ …
Exchange Rates (October 20, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 13Oct. 10Oct. 9Oct. 8Oct. 7US$ in C$Holiday1.32051.3399…
Major slippage at Grasberg
The biggest news during the report period ended Oct. 14 was a major rockfall at Freeport-McMoRan Copper & Gold’s 90.6%-owned Grasberg open-pit mine in Indonesia. Two employees are known to be dead, si…
More issues soar to new heights
TORONTO STOCK EXCHANGEThe recent spat of record-breaking continued through the Oct. 8-14 report period, with some issues achieving the milestone on significant percentage gains.Junior Corriente Resour…
Junior exchange rallies to new high
TSX VENTURE EXCHANGEVancouver — Canada’s junior exchange surged to a new all-time high over the week ended Oct. 14. The S&P-TSX Venture Exchange composite index rocketed 36.64 points, or 2.6%, to clo…
Mines ministers tackle host of issues
The 60th annual conference of mines ministers was recently held in Halifax, N.S. The mining industry was represented by the Mining Association of Canada (MAC), the Prospectors & Developers Association…
SKN forms JV with Kunming Gold
Vancouver — SKN Resources (SRL-V) received a nod from the Chinese government to form a joint venture with Chinese-based Kunming Gold Exploration Engineering to explore the Tuobuka gold project in Yun…
Afcan drills Chinese gold
Drilling by Afcan Mining (AFK-V) continues to cut encouraging gold grades at the TJS project in China’s Qinghai province.In January, Afcan acquired the right to earn an 85% stake in TJS by paying US$5…
Trading Summary (October 17, 2003)
The telecom sector was alone in the black in Toronto on Friday, edging 0.12 of a point higher to 59.84. The golds d…
Freeport sees profit fall
Vancouver The operator of the World’s largest gold mine had a rough start to October with a slippage accident res…
Harmony dumps High River stake
Just three days after disposing of its 31.7% stake in Russian gold miner Highland Gold, Harmony Gold (HMY-N) has du…