News

Molymet sees continued tight molybdenum supply

Santiago, Chile — Record prices for steel-additive molybdenum show no sign of falling any time soon — but the high prices are not the result of a fundamental shift in the market, says CEO of Molybde…


Fortune delivers Mount Klappan feasibility

Vancouver — A bankable feasibility study on the Lost Fox deposit area of Fortune Minerals‘ (FT-T, FTMDF-O) Mount Klappan anthracite coal project in northwestern B.C., shows compell…




Mines left out of U.S. rally

U.S. equity markets pulled out of a long slide on Oct. 14 and 17, finishing the reporting period Oct. 11-17 a little higher. The Dow Jones Industrial average gained 1%, finishing at 10,348.10 points,…


TSX suffers resource slump

The Toronto Stock Exchange lost another 58.71 points to end the Oct. 11-17 report period at 10,553.44. The gold index plunged 8.12 points, or 3.7% to 212.2 points as the yellow metal edged US$1.80 per…


Spot Prices Tuesday, Oct. 18, 2005 Courtesy of Scotiabank

Precious Metals Price (US$/oz.) Change
Gold $473.00 -2.50
Silver $7.78 +0.02
Platinum<...


Venture market juniors take their lumps

Despite continued buoyant metal prices, the S&P-TSX Venture Composite Index continued to shed recent gains, dropping 2.6%, or 54.82 points, to close the Oct. 11-17 trading session at 2063.15. Aver…




Exchange Rates (October 24, 2005)



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CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date Oct. 17 Oct. 14 Oct. 13 Oct. 12