Canadian Stock Exchange Indices (March 15, 2004)
DateMarch 9March 8March 5March 4March 3HighLowTSX Composite8750.318801.218845.048773.27…
News
Washington deal extended
The period ended March 9 was punctuated by the European central banks’ renewal of the Washington agreement on gold sales, which had been due to expire later this year.Twelve European central banks hav…
Consolidation in Australia
The Australian resources sector has undergone tremendous change over the past three or four years, and global consolidation has focused heavily on Australian names.The frenetic activity was due to sev…
Claude buoyed by gold and gas (March 15, 2004)
Stronger gold and natural gas prices helped Saskatoon-based Claude Resources (CRJ-T) cruise to a profit in 2003.For the year, Claude earned $1.9 million (4 per share) on gold revenue of $25.8 million…
Suppliers Roundup (March 15, 2004)
GLR picks Gekko at GoldfieldsGLR Resources has ordered a 2,000-ton-per-day Gekko Systems modular gravity concentrator for its Goldfields gold project, 15 km south of Uranium City in northern Saskatche…
South Atlantic buys Zinkgruvan mine
Vancouver — South Atlantic Ventures (SAA-V) has inked a deal with Rio Tinto (RTP-N) to buy the Zinkgruvan mine in southern Sweden.One of the largest underground mines in Europe, Zinkgruvan has been p…
Miramar gains time for northern projects
A newly amended option agreement gives Miramar Mining (MAE-T) more time to explore the George and Goose Lake gold projects in Nunavut.Last fall, Miramar signed a letter agreement with Kinross Gold (K-…
Alcan wins award
Montreal-based Alcan has won an award in the category of Best Overall Company in the first edition of the International Business Awards.The honour comes just days after Fortune magazine named the alum…
Writedown spills red ink over Stillwater
A major writedown of mining assets has hampered the bottom line of Stillwater Mining (SWC-N), the largest primary producer of platinum group metals outside of South Africa.The company posted a net los…
St. Jude buys heap-leach plant for Goulagou-Rounga
Vancouver — Determined to exploit the oxide resources at its Goulagou-Rounga project in Burkina Faso, St. Jude Resources (SJD-V) has arranged to buy a heap-leach gold processing plant.The partly refu…
Correction (March 15, 2004)
The article “Pimenton drilling under way” (T.N.M., Feb. 27/04) said previous work at the Chilean property, held by South American Gold & Copper (SAG-T), had outlined a proven and probable reserve of 6…
Porcupine JV to reactivate Pamour
The Porcupine Joint Venture plans to start up a large open-pit mine on the Pamour property, 15 km east of Timmins, Ont., to replace production from its Dome open pit and underground operations.Placer …