News
Economic woes hamper silver market
The silver market appeared calm in 2002, compared with the more volatile gold, platinum, and palladium markets, according to London-based CPM Group.In a report titled Silver Survey 2003, CPM points ou…
Canadian Stock Exchange Indices (May 26, 2003)
DateMay 20May 19May 16May 15May 14HighLowTSX Composite6732.11…
Merger afoot for Minera Andes and La Mancha
Vancouver — Juniors Minera Andes (MAI-V) of Spokane, Wash., and La Mancha Resources (LMA-V) of Vancouver, B.C., are combining in an attempt to advance their projects in Argentina.Under the proposed m…
Exchange Rates (May 26, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 20May 19May 16May 15May 14US$ in C$1.3446Holiday1.36671.3761…
The Northern Miner Indices (May 26, 2003)
North American Mining: 67.16 (+0.46)Small Producers: 77.28 (+13.25)(Sept. 30/98 = 100)…
Northern Miner Indices (May 26, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM…
Spot Prices Wednesday May 21, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$364.90+16.00Silver$4.74-0.08Platinum$680.00+18.00…
Lakota, Gold Fields strike deal
South African mining house Gold Fields (GFI-N) has taken an option on the land package recently consolidated by Lakota Resources (YLA-V) in the Lake Victoria gold district of Tanzania.Under the terms …
AngloGold eyes top spot with Ashanti takeover
Looking to regain top spot among global gold producers, South Africa’s AngloGold (AU-N) has entered talks aimed at achieving a merger with Ghana-based Ashanti Goldfields (ASL-N).The talks are centred …
North American Palladium coasts on stronger loony
The weaker U.S. dollar has enabled North American Palladium (PDL-T) to overcome substantial increases in operating expenses and income taxes.Net earnings topped $8.4 million (or 17 per share) on $41….
LME Warehouse Levels (May 26, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 20 (change from May 13 in brackets):MetalStock(tonnes)ChangeAluminium1153125(-170…