News

Platinum market steady

Platinum demand will grow by less than 1% and the platinum market will be close to balanced in 2004, according to Johnson Matthey’s Platinum 2004 Interim Review.


Auctioneer Beth Colle takes bids on a selection from the Toller Cranston Gallery in Toronto. The painting fetched $850.

Benefit raises funds for hospital

The second annual Mining for a Heart of Gold fundraiser brought in $35,000 for the Hamilton, Ont.-based St. Peter’s Hospital at Chedoke, a facility that helps young adults with disabilities.


Pierre Lassonde pictured in 1992 as president of Franco-Nevada Mining.

Lassonde wins Gold Medal

Newmont Mining President Pierre Lassonde added a couple of ounces to his reserves when he was presented with the Gold Medal by the Ontario Professional Engineers at a ceremony in Toronto.



Ivanhoe grows Hugo North (December 06, 2004)

The latest batch of results from step-out drilling on the Hugo North deposit has yielded the best-ever copper-gold intersection for Ivanhoe Mines‘ (IVN-T) Oyu Tolgoi copper-gold project in Mongolia.


Drilling on Aquiline Resources' Calcatreu project in Argentina's Rio Negro province, where indicated resources stand at around 6.2 million tonnes grading 3 grams gold and 28.1 grams silver per tonne.

Aquiline advances Calcatreu project

An independent scoping study has concluded that Aquiline Resources‘ (AQI-V) Calcatreu project in Argentina’s Rio Negro province contains enough gold and silver to warrant mining.


Photo by Pattie BealesPhilippe Cloutier, a consulting geologist with Alexis Minerals, stands in front of the Aurbel mill, which is no longer in operation. Alexis has an option to buy the mill from Aur Resources.

Alexis exploration on track for success

Val d’Or, Que. — Exploration is at a high in the Abitibi district of Quebec, and among the most active companies is Alexis Minerals (AMC-V), which has met with early success in this prolific gold and base metals camp.


Manhattan exits Peru

Vancouver — Having had its fill of difficulties in Peru, Manhattan Minerals (MAN-T) is saying adios and selling its portfolio of mineral projects in the country.


OSC head to step down

David Brown will resign as chairman of the Ontario Securities Commission at the end of June 2005.


Apollo takes off

Apollo Gold (APG-T) has intersected significant gold and base metals at its Black Fox project, 8 km east of Matheson, Ont.


Gold breaks US$450 per oz.

Gold broke through the psychological US$450-per-oz. barrier during the Nov. 24-30 report period, ending near a 16-year high of US$453.40 per oz. in the afternoon in London on Nov. 30. Still, the Toronto Stock Exchange’s gold index suffered a late-…


Holiday quiet calms markets

U.S. stock markets traded in a narrow range between Nov. 24 and 30, a trading period bisected by the U.S. Thanksgiving holiday. The S&P 500 index closed 3.12 points lower, at 1,173.82, in four trading days that saw the index move in a 14-point ban…


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