Daily Metal Prices (January 19, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 13Jan. 12Jan. 9Jan. 8Jan. 7Al Alloy1475/1505…
News
Partners confirm El Aguila continuity
Having confirmed the continuity of a gold-siver zone, partners Gold Resource and Canyon Resources (CAU-X) are proceeding with a scoping study at their Aguila property in Mexico’s Oaxaca state.The pair…
Editorial Cartoon (January 19, 2004)
Strong year ahead for base metals
We expect all base metal prices to register double-digit growth from the last quarter of 2003 to the expected peak during 2004.We have made new upward revisions to our base metal price forecasts (+15%…
Goldeye eyes gold at LaCarte (January 19, 2004)
Drilling on the LaCarte North prospect, in Tyrrell Twp., 95 km south of Timmins, Ont., has returned significant gold intersections for junior explorer Goldeye Explorations (GGY-V).A 13-hole program te…
LME Warehouse Levels (January 19, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 12 (change from Jan. 5 in brackets):MetalStock(tonnes)ChangeAluminium1427525(+50…
Exchange Rates (January 19, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 13Jan. 12Jan. 9Jan. 8Jan. 7US$ in C$1.27291.27361.26921.2788…
Profit-taking grabs hold of broad market
Profit-takers went away happy as the Toronto Stock Exchange composite index dipped 24.76 points over the Jan. 7-13 report period, ending the week at 8,380.34.Gold also reversed course, retreating US$3…
Metallica Afcan reworks Sino Gold deal
Junior Afcan Mining (AFK-V) has agreed to postpone, for two years, a US$700,000 payment due to Australian-based Sino Gold. The payment had been due at the end of 2003.The deal also calls for Afcan to …
Rubicon plans extensive drilling
Vancouver — Rubicon Minerals (RMX-T) is preparing for an aggressive drill campaign at its projects in Red Lake, Ont., and Newfoundland.The junior has advanced a total of 15 projects to the drill-read…
Letter to the editor: Diamond story a ‘story’ indeed
Thanks for the interesting Odds ‘n’ Sods article about the Crater of Diamonds deposit in Arkansas (T.N.M., Dec. 26/03-Jan. 1/04). The idea of turn-of-the-century industrial sabotage by De Beers and Op…
De Beers’ Victor mired in red tape
De Beers is reassessing the proposed development schedule for the advanced-stage Victor diamond project in northern Ontario while it awaits notification from the federal government regarding scoping r…