Trading Summary (March 29, 2004)
Toronto stocks ended higher for a third straight session gaining 45.67 points to make 8,555.23 on Monday. The diver…
Articles by Northern Miner Staff
LaRonde suffers another fatality
Another worker has been killed at Agnico-Eagle Mines’ (AGE-T) LaRonde gold mine in northwestern Quebec.On Mar.
Norilsk takes South African foothold (March 29, 2004)
Russia’s largest miner Norilsk Nickel has bought Anglo American’s (AAUK-Q) 20% stake in South African gold miner Go…
NAP heads underground at Lac des Iles
North American Palladium (PDL-T) will begin construction of an underground mine at its Lac des Iles operation, near…
Alamos gets water rights for Mulatos
Vancouver-based Alamos Gold (AGI-V) has secured water rights for the Mulatos gold-silver project in Mexico’s Sierra…
BHP Billiton boosts nickel business (March 29, 2004)
Anglo-Australian giant
Spot Prices Tuesday, March 23, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)Change…
Gold rockets as Hamas founder murdered
Continued geopolitical unrest during the March 17-23 report period saw the price of gold continue to rebound, climbing another US$13.50 to finish at US$416.25 per oz. in the afternoon in London on March 23. The TSX’s gold index responded by jumpin…
Taylor to step aside
Placer Dome CEO Jay Taylor will retire at the end of September, ending a 5-year stint at the helm of the world’s sixth-largest gold producer.
China changing steel market
In 2003, world crude steel production reached a record high of 962 million tons. This year, the billion-ton production level will be eclipsed.
Pacific Rim aims to expand El Dorado
With the Denton-Rawhide gold-silver mine slated for closure next year,
Some capital news Washington Agreement
It was good news for the gold industry that the European Central Bank and its member central banks, plus the Swiss and Swedish central banks, renewed the Central Bank Gold Agreement. It wasn’t, however, an enormous surprise.