Broad market recovers on buying spurt
Buyers outpaced sellers over the Jan. 28-Feb. 3 report period to push the S&P-TSX composite index up 72.55 points. The benchmark finished the week at 8,660.70.Gold had a rather bi-polar week, soaring …
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Ok Tedi suffers production snag
Inmet Mining’s (IMN-T) 18%-owned Ok Tedi copper mine in Papua New Guinea will operate at a minimum of half-capacity for at least the next two months, following the failure of one of two semi-autogenou…
Producer and Dealer Prices (February 09, 2004)
Antimony: Mid-mkt US$2,600/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.55/lb.Cobalt: Recent trades US$27-29/lb.Copper: Comex Mar. US$1.1685/lb.Indium: Indium Corp., ingot, US$375/kg.Iridium: M…
Junior exchange grinds to a halt
Vancouver — Canada’s junior exchange lost ground over the week ended Feb. 3 as investors moved into tech stocks, with gold idling at US$400 per oz. The S&P-TSX Venture Exchange composite index closed…
LME Warehouse Levels (February 09, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 3 (change from Jan. 26 in brackets):MetalStock(tonnes)ChangeAluminium1442150(-98…
Exchange Rates (February 09, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 3Feb. 2Jan. 30Jan. 29Jan. 28US$ in C$1.33741.33841.32641.333…
Lamaque drilling cuts gold
Drilling by Kalahari Resources (kla-v) at its Lamaque project in northwestern Quebec has returned more gold intersections. The company tested two magnetic anomalies, T-06 and T-03, on the property. At…
Canadian Stock Exchange Indices (February 09, 2004)
DateFeb. 3Feb. 2Jan. 30Jan. 29Jan. 28HighLowTSX Composite8660.70…
The Northern Miner Indices (February 09, 2004)
North American Mining: 102.71 (-2.37)Small Producers: 117.71 (-0.48)(Sept. 30/98 = 100)…
Canadian Mining Hall of Fame welcomes four new members
The newest inductees into the Canadian Mining Hall of Fame served their companies in widely differing roles, from explorer to developer to deal maker, but all four men proved to be invaluable contribu…
Apex raises US$161m
The report period Jan. 28-Feb. 3 may have been more remarkable for what didn’t happen than for what did. Reaction to the U.S. Federal Reserve’s Open Market Committee dominated the U.S. equity markets …
Sunridge explores in Eritrea (February 09, 2004)
Two drills are testing the Debarwa copper-gold deposit in Eritrea. The near-surface, volcanogenic massive sulphide deposit is part of the 1,400-sq.-km Asmara project held by partners Sunridge Gold (SG…