News
Tensions drive safe-haven investments
Vancouver — Terrorist retaliation fears against the U.S. over Israel’s shocking assassination of Hamas’s spiritual leader, Sheikh Ahmed Yassin, helped fuel bond and bullion prices over the week ended March 23. The TSX Venture Exchange S&P composi…
Spot Prices Tuesday, March 23, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)Change…
Gold rockets as Hamas founder murdered
Continued geopolitical unrest during the March 17-23 report period saw the price of gold continue to rebound, climbing another US$13.50 to finish at US$416.25 per oz. in the afternoon in London on March 23. The TSX’s gold index responded by jumpin…
Miners dodge market slide
A generally poor report period for U.S. equity markets didn’t extend to the mining stocks, which were mostly higher over the five trading days March 17-23 as the Dow Jones industrial average and the S&P 500 index both fell slightly more than 1%.
JQA extended 100 metres
Drilling by
Juniors eye prospects in Mongolia
Two unrelated junior companies from the eastern and western shores of Canada are heading to Mongolia to explore their newly acquired mineral properties.
Wayside clarifies scoping study
A review by the British Columbia Securities Commission has prompted
LME Warehouse Levels (March 29, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 23 (change from March 16 in brackets):…
BHP Billiton boosts nickel business (March 29, 2004)
Anglo-Australian giant
Taylor to step aside
Placer Dome CEO Jay Taylor will retire at the end of September, ending a 5-year stint at the helm of the world’s sixth-largest gold producer.
China changing steel market
In 2003, world crude steel production reached a record high of 962 million tons. This year, the billion-ton production level will be eclipsed.