TSE slides as precious metals fly
Except for the last day, buyers outpaced sellers over the Nov. 5-11 report period, but not enough to overcome last minute profit-taking. The Toronto Stock Exchange composite index finished the period …
2003
Bogoso-Prestea shines for Golden Star (November 17, 2003)
At the Bogoso-Prestea open-pit mines in Ghana, Golden Star Resources (GSC-T) has bought back a gold-indexed royalty from South African-based Barnato Exploration.In doing so, Golden Star delivered 2.75…
Editorial Cartoon (November 17, 2003)
Keevil heads 2004 inductees into Canadian Mining Hall of Fame
Norman B. Keevil, the man best-known for taking middling Teck Corp., with a couple of small gold mines, and building it into a base metals powerhouse, will be among four new inductees into the Canadia…
Canadian Stock Exchange Indices (November 17, 2003)
DateNov. 10Nov. 7Nov. 6Nov. 5Nov. 4HighLowTSX Composite7815.46…
Haywood buys piece of Planet (November 17, 2003)
A bought-deal financing with Haywood Securities all but assures Planet Exploration (PXI-V) of $5 million in gross proceeds.The private placement, which requires exchange approval to proceed, entails 3…
Spot Prices Tuesday, Nov. 11, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$386.40+8.10Silver$5.06+0.13Platinum$760.00+18.00…
LME Warehouse Levels (November 17, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 10 (change from Nov. 3 in brackets):MetalStock(tonnes)ChangeAluminium1366750(-70…
Western markets coast on previous gains
The venture markets took a breather during the report period Nov. 5-11, with the S&P-TSX Venture Exchange composite index rising a modest 11.13 points to finish at 1,602.48.Probe Mines made the bigges…
Canada leads way as exploration spending rises
Worldwide spending on mineral exploration has increased for the first time since its peak in 1997, according to the Metals Economics Group (MEG).The recent edition of the group’s Corporate Exploration…
Grasberg update will affect copper markets
The key event in recent base metals markets is Freeport-McMoRan Copper & Gold’s (FCX-N) update on the status of its recovery efforts from the landslide at its Grasberg mine in Indonesia.Some of the mi…
Producer and Dealer Prices (November 17, 2003)
Antimony: Mid-mkt US$2,050/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$11.60-13.50/lb.Copper: Comex Dec. US$0.9445/lb.Indium: Indium Corp., ingot, US$265/kg.Irid…