BC mines more profitable
In 2002, British Columbia’s mining industry saw a continuation in its 4-year trend of year-over-year increases in profitability. However, total revenues for the year declined as the residual impact of…
News
Miramar expands Suluk zone at Hope Bay
Vancouver — The latest results have prompted Miramar Mining (MAE-T) to drill an additional 8,200 metres in the Madrid area on the Hope Bay gold property in Nunavut.President Anthony Walsh says the Su…
Protest won’t affect business: Tiffany & Co.
A protest in early May by the United Steelworkers of America (USWA) outside Tiffany & Co. in Chicago, Ill., will not affect the flow of silver and gold to the luxury goods retailer from Kennecott Utah…
Junior market continues to climb
Vancouver — Canada’s junior exchange gained some steam during the week ended May 20. The S&P-TSX Venture Exchange composite index tacked on 10.56 points, or 0.96% of its value, to close at 1,078.96.S…
Suppliers Roundup (May 26, 2003)
Explosives giants seal dealNorwegian-based Dyno Nobel Holding and Connecticut-based Ensign-Bickford Co. have combined their commercial explosives businesses. The deal was first announced in September …
Golds hot as price jumps
As they often do, the golds came to the fore in an unpleasant U.S. equity market over the five trading days May 14-20. While the Standard & Poor’s 500 index was sliding 22.57 points to 919.73 and the …
Producer and Dealer Prices (May 26, 2003)
Antimony: Mid-mkt US$2,590/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.00-10.25/lb.Copper: Comex July US$0.7635/lb.Indium: Indium Corp., ingot, US$140/kg.Iridi…
EC probes copper market (May 26, 2003)
Vancouver — European Union antitrust investigators, in co-operation with Canadian and U.S. competition authorities, have contacted mining giants BHP Billiton (BHP-N), Rio Tinto (RTP-N) and Freeport-M…
Pop goes the value
AngloGold, the biggest of the South African mining houses, has at last taken another run at consolidation with its bid on Ashanti Goldfields. Having lost out to Newmont Mining in the bidding war for N…
Broad market crawls ahead, gold rallies
The Toronto Stock Exchange composite index began the holiday-shortened May 26-June 1 report period on an uptick, then moved sideways. By the period’s end, it had risen 29.2 points to settle at 6,732.1…
Randgold, Nevsun team up in western Mali
With nearby projects at the feasibility stage, Randgold Resources (GOLD-Q) and Nevsun Resources (NSU-T) have reached a deal to evaluate co-operative development in the Kenieba gold belt of western Mal…
