Cardero buoyed by Argentine silver
Vancouver — Last year was a banner one for Cardero Resource (CDU-V), and with a $2.9-million financing in hand, the junior aims to step up exploration in 2003.Over the past year, the junior saw its s…
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The Northern Miner — North American Mining Index (January 13, 2003)
75.38 (-1.68)(Sept. 30/98 = 100)…
Spot Prices Wednesday January 8, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$346.75-1.75Silver$4.78+0.06Platinum$607.50+9.50P…
GREATEST VALUE TRADED, DEC. 31-JAN. 7
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N47992530.5827.8427.84-1.19…
Lending Rates (January 13, 2003)
as of 4 pm ET, Jan. 7, 2003(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.39LIBOR US$ 6-month1.40LIBOR US$ 1-year1.55Gold lease 3-m…
Northern Miner Indices (January 13, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T19.5%CamecoCCO-T3.1%FalconbridgeFL-T4.0%Freeport BFCX.B-N5.7%Glamis GoldGLG-T3.3%GoldcorpG-T5.4%IncoN-T9.0%Meridian GoldMNG-T…
Producer and Dealer Prices (January 13, 2003)
Antimony: Mid-mkt US$2,500/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.57/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.40-7.35/lb.Copper: Comex Mar US$0.736/lb.Indium: Indiu…
Daily Metal Prices (January 13, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 7Jan. 6Jan. 3Jan. 2Dec. 31Al Alloy1330/1320…
Fire at Muskeg River mine
Production of bitumen at Shell Canada’s (SCH-T) Muskeg River mine, 75 km north of Fort McMurray, Alta., has been halted following a fire.The fire resulted from explosions in the froth treatment area, …
Phelps to sell mining town
Playas, N.M., a virtual ghost town since Phelps Dodge halted operations at a nearby copper smelter in September 1999, has been put up for sale by the mining giant. Price: US$3.2 million.The 2.6-sq.-km…
Poland looks to restructure mining industry
The jobs of thousands of miners in Poland are at risk following the expiration of a government bill that protects the mining industry from bankruptcy.The government wants to restructure the industry a…
McWatters director opens own account
Recent insider trading transactions reported by the Ontario Securities Commission include the following:q Anatolia Minerals Development (YMC.U-V) — Erden Yuksel, who is an insider under the Ontario S…