European Mnrls ups Varvarinskoye reserves
A review by Arizona-based Mintec has boosted by 73% the proven and probable reserves at European Minerals’ (EPM.U-T) Varvarinskoye gold-copper deposit in northern Kazakstan.Based on a gold price of US…
News
LME Warehouse Levels (December 01, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 24 (change from Nov. 17 in brackets):MetalStock(tonnes)ChangeAluminium1393200(+8…
CNQ applies for exchange status
The Canadian Trading and Quotation System (CNQ), a small-cap equity market, has applied to the Ontario Securities Commission (OSC) for recognition as a stock exchange.The CNQ is currently a quotation …
Lending Rates (December 01, 2003)
as of 4 pm ET, Nov. 25, 2003(%)Bank of Canada3.00Target overnight rate2.75Canadian Prime4.50U.S. Discount Primary2.00U.S. Fed Funds market rate1.00U.S. Prime4.00LIBOR US$ 3-month1.17LIBOR US$ …
The Northern Miner Indices (December 01, 2003)
North American Mining: 102.60 (+1.34)Small Producers: 99.98 (+0.15)(Sept. 30/98 = 100)…
Rio Narcea’s earnings trimmed
A stronger euro pushed operating expenses higher and ate into the earnings of Rio Narcea Gold Mines (RNG-T) during the 3-month period ended Sept. 30.Still, the company ended on the plus side with net …
Exchange Rates (December 01, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 25Nov. 24Nov. 21Nov. 20Nov. 19US$ in C$…
Canadian Stock Exchange Indices (December 01, 2003)
DateNov. 25Nov. 24Nov. 21Nov. 20Nov. 19HighLowTSX Composite7822.34…
People (December 01, 2003)
Alcoa — Judith Nocito appointed corporate secretary and senior counsel.Firestone Ventures — James Porter appointed CFO and director.First Quantum — Robert Watts appointed independent l…
Barclays, CIBC to arrange Ona-Puma financing
Vancouver — Canico Resource (CNI-T) has appointed Barclays Capital and CIBC to arrange financing for its Ona-Puma nickel laterite project in Brazil’s Para state.Barclays and CIBC will set about secu…
Producer and Dealer Prices (December 01, 2003)
Antimony: Mid-mkt US$2,000/t.Bismuth: Mid-mkt US$2.75/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$14.00-16.30/lb.Copper: Comex Dec. US$0.8945/lb.Indium: Indium Corp., ingot, US$265/…
Platinum on upswing
The price of platinum could reach new 23-year highs in the next six months as the deficit between supply and demand persists and if investment funds continue to maintain long positions, says Johnson M…