Daily Metal Prices (June 09, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 3June 2May 30May 29May 28Al Alloy1350/1355…
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Producer and Dealer Prices (June 09, 2003)
Antimony: Mid-mkt US$2,570/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.70-10.25/lb.Copper: Comex July US$0.784/lb.Indium: Indium Corp., ingot, US$140/kg.Iridiu…
Simmons to manage PDAC’s E3 program
The Prospectors & Developers Association of Canada (PDAC) has appointed Barry Simmons as project manager of E3 (Environmental Excellence in Exploration), an online guide to environmental practice in m…
Royal Gold enjoys record quarter
Vancouver — The rising bullion price has prompted the largest U.S.-based precious metals royalty company to top up its till and look for acquisitions.Royal Gold (RGL-T) earned US$2.5 million (or US12…
Arch to buy Triton Coal for US$364 million
Arch Coal (AC-N), the second-largest coal producer in the U.S., has signed an agreement to buy Vulcan Coal Holdings, which owns all of the equity of Triton Coal Company, for $364 million in cash.Trito…
Base metals surge as golds fizzle
The Toronto Stock Exchange’s composite index continued its upward climb over the May 28-June 3 report period, ending 95.04 points higher at 6,931.25.The gold index fared poorly despite a surge in pric…
Stillwater rights offering falls through
Vancouver — A private equity fund has withdrawn its US$100-million rights offering for shares in Stillwater Mining (SWC-N), putting the fate of the Montana-based company firmly in the hands of Russia…
Nevada Pacific targets Limousine Butte (June 09, 2003)
Vancouver-based junior Nevada Pacific Gold (NPG-V) is preparing to drill-test the Resurrection Ridge zone on its 40-sq.-km Limousine Butte gold project in east-central Nevada.Resurrection Ridge is one…
Midway cuts more gold in Nevada
Vancouver — Midway Gold (MDW-V) has been focusing its efforts on its namesake gold property in Nevada’s Nye Cty., where it is engaged in a joint venture with Newmont Mining (NEM-N).Midway lies betwee…
Junior explorers target Tonopah district
Vancouver — LEH Ventures (LEH-V) has become the latest junior exploration company to join the hunt for gold in the Tonopah region of Nevada.The company inked a deal to earn a 60% stake in the Baxter …
PFN, Freegold ink deal with Lonmin
Vancouver — Harry Barr-led Pacific North West Capital (PFN-T) and Freegold Ventures (ITF-V) have entered into an agreement with London-based Lonmin, the world’s third-largest primary producer…
Mindoro cuts high gold grades at Lobo (June 09, 2003)
Vancouver — Initial results from ongoing drilling by Mindoro Resources (MIO-V) have confirmed the high-grade potential of the Lobo gold property in the Philippines.The first hole tested the downdip e…