Daily Metal Prices (November 10, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 3Oct. 31Oct. 30Oct. 29Oct. 28Al Alloy1390/1406…
News
Radius takes back Tambor
Vancouver — Radius Exploration (RDU-V) has regained sole ownership of the large Tambor gold project in Guatemala.The Simon Ridgway-led junior agreed to issue 1.3 million shares for all of Gold Fields…
Exchange Rates (November 10, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 4Nov. 3Oct. 31Oct. 30Oct. 29US$ in C$1.33201.33231.31971.307…
LME Warehouse Levels (November 10, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 3 (change from Oct. 27 in brackets):MetalStock(tonnes)ChangeAluminium1373775(+20…
Canadian Stock Exchange Indices (November 10, 2003)
DateNov. 3Oct. 31Oct. 30Oct. 29Oct. 28HighLowTSX Composite7843.477772.707739.417730.48…
Junior exchange soars to new highs
Vancouver — Canada’s junior exchange surged forward over the week ended Nov. 4 as resource stocks continued to spark investor interest. The S&P-TSX Venture Exchange composite index rose 92.8 points, …
Newmont’s profits take flight in 3rd quarter
Vancouver — Higher bullion prices enabled Newmont Mining (NEM-N) to post dramatically higher profits for the third quarter.The Denver-based company earned US$114.4 million (or US28 per share), compa…
Review may urge World Bank to halt mining finance
A report now being prepared by an outside review committee will recommend significant changes to the way World Bank agencies fund projects in the resource industries, The Northern Miner has learned.Th…
Alcoa cited by Hungarian mag
A Hungarian business magazine has given its “corporate citizenship” award to the Alcoa-Kofem fabricated aluminum plant in Szekesfehervar for its work in the local community.Figyelo magazine commends A…
Most Russians survive ordeal
Eleven of the 13 men trapped in a flooded mine in southern Russian have survived the 6-day ordeal. Of the two remaining miners: one has died, and the other is missing.As many as 800 rescuers dug throu…
Barrick buys into QGX (November 10, 2003)
Barrick Gold is joining the Mongolian gold rush by acquiring a 9.5% interest in Waterdown, Ont.-based junior QGX (QGX-V).The major has signed on for 3 million QGX shares priced at $4 apiece, a hefty d…
Spot Prices Tuesday, Nov. 4, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$378.30-8.25Silver$4.93-0.22Platinum$742.00-5.00P…