Aluminum subdued as tin trends upward
The following was culled from Barclays Capital’s monthly report The Commodity Refiner:AluminumThree-month aluminum prices managed to trade 4.2% higher during October and another 3% firmer by mid-Novem…
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Drill results keep Cdn. Royalties keen at Mesamax
Vancouver — Canadian Royalties (CZZ-V) has tabled encouraging assay results for 11 additional holes drilled on its Mesamax prospect in northern Quebec.Mesamax is part of the Expo-Ungava property, whi…
Seabee’s grades improve in third quarter
Claude Resources (CRJ-T) reduced its losses in the third quarter as grades continued to recover at its Seabee gold mine in Saskatchewan.The net loss amounted to $200,000 (or nil per share) on revenue …
Eldorado expands Kisladag
Vancouver — Eldorado Gold (ELD-T) has added about 600,000 ounces to the in situ resource estimate of the Kisladag project in western Turkey.The expansion is based on 10,700 metres of reverse-circulat…
LME Warehouse Levels (December 16, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 10 (change from Dec. 3 in brackets):MetalStock(tonnes)ChangeAluminium…
Gitennes drills Rio Blanco
Six holes drilled in the Rio Blanco copper zone in northern Peru have returned encouraging results for Gitennes Exploration (GIT-T).London-listed Monterric Metals, which can earn a 75% stake in the pr…
Canadian Stock Exchange Indices (December 16, 2002)
DateDec. 10Dec. 9Dec. 6Dec. 5Dec. 4HighLowTSX Composite6597.20…
Spot Prices Wed. December 11, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$323.75+3.05Silver$4.63+0.06Platinum$595.00+3.00P…
Exchange Rates (December 16, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 10Dec. 9Dec. 6Dec. 5Dec. 4US$ in C$…
GREATEST VALUE TRADED, DEC. 4 – 10
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N57136826.9224.3326.14+1.81…
First Quantum raises funds (December 16, 2002)
First Quantum Minerals (FM-T) will issue 5.5 million special warrants to raise nearly $18 million in an attempt to finance work at its assets in Zambia.The warrants are fixed at $3.25 apiece and entit…
Kyoto won’t hurt mining
Canada’s mining industry has been a constructive contributor to our shared search for solutions to environmental challenges.In addition to representing the economic interests of your sectors, you [in …