New gold trusts launched
With gold prices on the rise, several gold-bullion investment vehicles are sprouting up in Canada, the U.S. and Australia.In Canada, the managers behind North America’s only publicly traded bullion fu…
News
Merger afoot for Minera Andes and La Mancha
Vancouver — Juniors Minera Andes (MAI-V) of Spokane, Wash., and La Mancha Resources (LMA-V) of Vancouver, B.C., are combining in an attempt to advance their projects in Argentina.Under the proposed m…
Hecla advances Don Sergio
Having drilled off a modest resource, Hecla Mining (HL-N) plans to develop a satellite operation at Cerro Pedernalillo, 6 km from its San Sebastian silver mine in Durango state, Mexico.The new develop…
Suppliers Roundup (May 26, 2003)
Explosives giants seal dealNorwegian-based Dyno Nobel Holding and Connecticut-based Ensign-Bickford Co. have combined their commercial explosives businesses. The deal was first announced in September …
North American Palladium coasts on stronger loony
The weaker U.S. dollar has enabled North American Palladium (PDL-T) to overcome substantial increases in operating expenses and income taxes.Net earnings topped $8.4 million (or 17 per share) on $41….
BC mines more profitable
In 2002, British Columbia’s mining industry saw a continuation in its 4-year trend of year-over-year increases in profitability. However, total revenues for the year declined as the residual impact of…
Pop goes the value
AngloGold, the biggest of the South African mining houses, has at last taken another run at consolidation with its bid on Ashanti Goldfields. Having lost out to Newmont Mining in the bidding war for N…
Canadian Stock Exchange Indices (May 26, 2003)
DateMay 20May 19May 16May 15May 14HighLowTSX Composite6732.11…
LME Warehouse Levels (May 26, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 20 (change from May 13 in brackets):MetalStock(tonnes)ChangeAluminium1153125(-170…
Blanchard looks to add to Barrick complaint (May 26, 2003)
New Orleans-based bullion dealer Blanchard & Co. has filed a motion with a Louisiana district court to add to its antitrust complaint against Barrick Gold (ABX-T).Blanchard is looking to supplement it…
Golds hot as price jumps
As they often do, the golds came to the fore in an unpleasant U.S. equity market over the five trading days May 14-20. While the Standard & Poor’s 500 index was sliding 22.57 points to 919.73 and the …
Producer and Dealer Prices (May 26, 2003)
Antimony: Mid-mkt US$2,590/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.00-10.25/lb.Copper: Comex July US$0.7635/lb.Indium: Indium Corp., ingot, US$140/kg.Iridi…