Gold: Q1 supply and demand
Supply of gold rose by just over 4%, year over year, in the first quarter of 2003, mainly as a result of a sharp increase in scrap supply. In contrast, mine production was essentially flat, while offi…
News
That giant hissing sound
It is generally acknowledged that, among government employees, drill sergeants and central bankers have the greatest gift for speaking clearly and to effect.Thus, when the Federal Open Market Committe…
Exploration in Finland
Most large mining companies are expanding through mergers and acquisitions, and this is creating opportunities for junior companies to find new projects, especially in Nordic countries, according to M…
Field trips planned in Timmins
A conference on ore deposits at depth, to be held at the McIntyre Community Centre in Timmins, Ont., from Sept. 23-26, will feature the following field trips:– LaRonde mine (northwestern Quebec) — P…
Mustang drops McAra Lake
Failing to turn up any significant alteration halos around seven airborne geophysical anomalies, Mustang Minerals (YMU-V) has dropped its option on the McAra Lake properties, near Shining Tree, Ont.In…
Cameco mining again at McArthur
Mining has resumed about a month earlier than expected at Cameco’s (CCO-T) McArthur River uranium mine in Saskatchewan.The mine shut down in early April when flooding caused a 10-metre-long portion of…
Newmont lowers Yandal offer (July 14, 2003)
Vancouver — Newmont Mining (NEM-N) has placed its Australian subsidiary, Newmont Yandal Operations, under voluntary administration.The move follows a failed attempt to buy back some US$237 million in…
SW Res. outlines gold zone
The first hole drilled at the Boka 1 South prospect in southern China has returned a wide zone of gold mineralization.Southwestern Resources (SWG-T) collared the hole, B03-06, about 800 metres south o…
Am Bonanza tests Gold Bar
Vancouver — American Bonanza Gold Mining (BZA-V) has begun drilling at the Gold Bar property in the prolific Battle Mountain-Eureka mineral trend of central Nevada.The junior is testing for bonanza-g…
Exchange Rates (July 14, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 8July 7July 4July 3July 2US$ in C$1.36911.34841.34091.3365…
Producer and Dealer Prices (July 14, 2003)
Antimony: Mid-mkt US$2,380/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$10.15-11.00/lb.Copper: Comex Sept. US$0.7685/lb.Indium: Indium Corp., ingot, US$140/kg.Iri…
Lower profits for Alcoa
Despite continued weak aluminum demand, especially in the aerospace and automotive sectors, Alcoa, the world’s largest aluminum producer, posted a surprisingly strong second-quarter net income of US$2…