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News August 16, 2004

Canadian Stock Exchange Indices (August 16, 2004)

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News August 16, 2004

Gold glistens as oil boils

Surging oil prices and anemic job growth south of the border sent gold US$7.05 higher to US$399 per oz. during the Aug. 4-9 report period. Still, the Toronto Stock Exchange’s gold index only managed to edge 0.58 of a point higher to 185.28. The di…

News August 16, 2004

Gold closes just shy of US$400 per oz.

Toronto Venture Exchange-listed companies failed to gain ground in spite of gold prices being up for the second consecutive week, ahead of a key decision on an interest rate hike in the U.S. The S&P-TSX Venture Exchange index closed lower by nearl…

An aerial view of the former Krezmar gold mine, now held by Patricia Mining.

News August 16, 2004

Patricia revives Island Gold project

Dubreuilville, Ont. — High grades at Patricia Mining‘s (PAT-V) Island Gold property, northeast of Wawa, Ont., are raising hopes that the area could see production again.

News August 16, 2004

Golden Star trims earnings, stands pat

Higher mining and processing costs associated with transitional ore at the Bogoso-Prestea mine in Ghana cut into Golden Star Resources‘ (GSC-T) earnings in the second quarter.

Project Manager Ken Hicks and Dunsmuir Ventures President Art Ettlinger taking samples at the Nanuq project in Nunavut.

News August 16, 2004

Peregrine expands into Far North

Peregrine Diamonds, a private company founded by Eric Friedland, is going public through a proposed merger with Dunsmuir Ventures (DVV-V).

News August 16, 2004

Odds ‘n’ sods: Time to move on

We’ve been given a box and told to pack up our belongings. This isn’t because of a restructuring, or layoffs. No one is losing his job. The office is changing locations, pure and simple.

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