Daily Metal Prices (May 19, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 13May 12May 9May 8May 7Al Alloy1405/1395…
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Producer and Dealer Prices (May 19, 2003)
Antimony: Mid-mkt US$2,540/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.40-10.25/lb.Copper: Comex July US$0.7645/lb.Indium: Indium Corp., ingot, US$140/kg.Iridi…
Canadian Stock Exchange Indices (May 19, 2003)
DateMay 13May 12May 9May 8May 7HighLowTSX Composite6702.916717.506650.036620.776…
Miners have volatile week
U.S. stock markets advanced modestly over the five trading days May 7-13, with the Standard & Poor’s 500 index up 7.91 points at 942.30 and the Dow Jones industrial average 90.89 points higher at 8,67…
Sao Bento returns Eldorado to black (May 19, 2003)
With production levels restored at the Sao Bento mine in Brazil, Eldorado Gold (ELD-T) turned in a tidy profit for the first three months of 2003.The company earned US$2.6 million (or a penny per shar…
Loan puts Tirisano expansion on fast track
A loan from the Industrial Development Corporation of South Africa will enable Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V) to expand their Tirisano alluvial diamond mine in that cou…
No waiver for Goldstream-Willa (May 19, 2003)
Vancouver — The British Columbia Environmental Assessment Office will not grant the Goldstream-Willa gold project a waiver under the environmental assessment process.The move came as a surprise to pr…
CIM tackles globalization
Montreal, Que. — The 105th annual meeting of the Canadian Institute of Mining, Metallurgy and Petroleum, held in this city’s gargantuan Palais des Congrs, was highlighted by a plenary session titled…
Cambior trims Q1 loss, hedge book
A higher realized gold price enabled Cambior (CBJ-T) to reduce its loss for the first quarter of 2003, compared with the corresponding period last year.The loss amounted to US$2.3 million (or a penny …
Apex revises San Cristobal
Prompted by new regulatory guidelines, Apex Silver Mines (SIL-X) has updated its reserve estimate for the advanced San Cristobal silver-zinc project in southwestern Bolivia.Proven and probable reserve…
Exchange Rates (May 19, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 13May 12May 9May 8May 7US$ in C$1.38981.38871.39271.3952…
Golds slump in quiet market
The Toronto market plunged early in the five trading days May 7-13 but rallied to finish the period fractionally higher. The TSX composite index closed May 13 at 6,702.91, up 9.2 points over the previ…