People (December 15, 2003)
Alamos — John McCluskey appointed president; John Van De Beuken appointed VP and COO; Leonard Harris appointed director; Chester Millar and Stephen Stine resigned as directors.Becker — John Berezowe…
News
Price squeeze has base metal issues jumping
Toronto equities were little-changed over the report period Dec. 3-9, a modest gain of 48.34 points putting the TSX Composite index at 7,975.94. The base metal and gold stocks headed in opposite direc…
Gold keeps lustre on junior exchange
Vancouver — Canada’s junior exchange continued to post positive gains as gold held its ground above US$400 per oz. over the week ended Dec. 9. The S&P-TSX Venture Exchange composite index tacked on 9…
Editorial Cartoon (December 15, 2003)
Spot Prices Tuesday, Dec. 9, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$408.25+7.20Silver$5.54 +0.08Platinum$799.00+21.00…
Exchange Rates (December 15, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 9Dec. 8Dec. 5Dec. 4Dec. 3US$ in C$1.30921.29631.30451.3122…
LME Warehouse Levels (December 15, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 9 (change from Dec. 2 in brackets):MetalStock(tonnes)ChangeAluminium1401275(+642…
Producer and Dealer Prices (December 15, 2003)
Antimony: Mid-mkt US$2,020/t.Bismuth: Mid-mkt US$2.75/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$15.80-17.10/lb.Copper: Comex Mar. US$0.979/lb.Indium: Indium Corp., ingot, US$265/kg.Iridi…
BHP Billiton to sell stake in Highland Valley
Vancouver — BHP Billiton (BHP-N) has inked a deal with privately owned Quadra Mining to sell its 33.6% stake in the Highland Valley Copper mine, in British Columbia, as well as its 100% interest in t…
Inmet’s Cayeli back on track
Cayeli, Turkey — Now that areas affected by last year’s cave-in have been fully rehabilitated and repaired, the Cayeli underground copper-zinc mine in Turkey is experiencing high production rates.The…
Stornoway reports strong microdiamond count
Summer drilling on the AV-1 kimberlite showing on the Melville Peninsula in eastern Nunavut has returned highly significant microdiamond counts showing good potential for larger, commercial-size stone…
Nevsun hits new zone at Bisha (December 15, 2003)
Drilling at the Bisha project in Eritrea has led to the discovery of a new massive sulphide zone, reports Nevsun Resources (NSU-T).The so-called NW zone was intersected in six holes collared on three …