News

Gold rises in face of weaker euro

Gold is ending the first quarter much as it ended the last: rising strongly toward long-term peaks. However, the nature of this rally has changed. Gold is now rising in the face of a weaker euro — breaking the gold/euro correction that became so…



Rubicon finds more gold at McFinley

Vancouver — Rubicon Minerals (RMX-T) has intersected a new gold zone, known as PZ-2, at its wholly owned McFinley project in Ontario’s Red Lake camp. The drilling also extended the PZ-1 zone over 150 metres, and that zone is no…


PFN pads coffers

Vancouver — Pacific North West Capital (PFN-T) has arranged a non-brokered private placement for $2 million, with proceeds earmarked for platinum group metals projects in Ontario and Alaska.





Canadian Stock Exchange Indices (April 19, 2004)



Gold stocks lose shine as prices plummet

A steep decline in gold prices erased most of the winnings posted by the junior mining sector during the report period ended April 13. The price of silver dropped by more than 7% at the end of the period. The TSX Venture composite index finished 3…


Costs climb at Cerro Casale

Vancouver — Placer Dome (PDG-T) now estimates the capital cost of developing the Cerro Casale gold-copper project will total US$1.65 billion, up from US$1.43 billion projected in the initial feasibility study, tabled in January…



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