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News December 13, 2004

Canadian Stock Exchange Indices (December 13, 2004)

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Reverse-circulation drilling into the Kisunge zone at Tan Range Exploration's Luhala gold project in Tanzania.

News December 13, 2004

Sinclair on gold and the greenback

Looking ahead to the coming year in gold, we present an edited version of an interview with James Sinclair, gold trader and chairman of Tan Range Exploration (TNX-T). The interview was conducted by Walter Birch of Gold Market In…

News December 13, 2004

Miners take a smackdown

U.S. stock markets were little-changed over the report period Dec. 1-7, but the mining stocks fell sharply. The S&P 500 index, representative of the broad market, was up 3.25 points to 1,177.07, but the XAU gold and silver index fell about 6% in t…

News December 13, 2004

Merger mania fuels trading

The report period Dec. 1-7 saw the price of gold fall US$1.60 to close at US$451.80 per oz. in the afternoon in London. All mining-related indices lost ground. The gold index fell 13.2 points, or 5.9%, to close at 209.30, and the diversified metal…

News December 13, 2004

Juniors flat as gold holds above US$450

Precious metals, for the most part, traded in a narrow range over the trading period Dec.1-7. which saw a bit of weakness return to the junior mining sector. The TSX venture exchange index closed at 1712.19, down 37.2 points, or 2% lower from the…

A carbon-adsorption plant at the Luxi open-pit, heap-leach gold mine in westernmost Yunnan province in China. The 5,000-oz.-per-year mine is co-owned by local and provincial government bodies.

News December 13, 2004

Growing China will need gold imports

China’s gold mine production reached a record 213 tonnes in 2003, but this amount is still insufficient to satisfy the demand for gold for jewelry and industry, which is running at around 250-300 tonnes a year.

News December 13, 2004

Community development: evaluating for results

In an effort to meet international and local expectations for corporate responsibility, mining companies have begun to adopt community development initiatives. These are often grounded in corporate policies that emphasize long-term partnerships wi…

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