Canadian Stock Exchange Indices (March 08, 2004)
DateMarch 2March 1Feb. 27Feb. 26Feb. 25HighLowTSX Composite8808.00…
News
American Gold gains Metates
Vancouver-based American Gold Capital (AAU-V) has acquired the Metates gold-silver project in the Mexican state of Durango.The company issued 12 million shares for the acquisition, as required under t…
Hard to kill
“Prospectors foregathered to the number of about 150 in Toronto on Tuesday to form an association and to formally protest against the passage of the proposed Engineers Act. Organization was quickly pe…
Golden Goose ponders Magino options
Location matters in the mining industry, which explains why management of Golden Goose Resources (GGR-V) is tracking the pending closure of the Hemlo gold mines in Ontario.The company’s Magino gold pr…
Falconbridge ratifies new deal in Sudbury
Falconbridge (FL-T) has avoided another strike at its nickel operations in Sudbury, Ont., by signing 220 unionized office, clerical and technical employees to a 3-year labour pact just hours before th…
Trans Am drills for gold
A bitterly cold winter has slowed, but not stopped, plans by Trans America Industries (TSA-V) to drill targets in the Lynn Lake gold camp of Manitoba.The Vancouver-based junior holds 26 contiguous cla…
Candente aims drills at Peruvian targets
Vancouver — Candente Resource (DNT-V) is preparing to drill its Alto Dorado and Canariaco properties in northern Peru.At Alto Dorado, the company intends to complete at least 2,000 metres in the firs…
Noranda takes another kick at the can in Bathurst
With a little encouragement from a province anxious to secure its mining future, Noranda (NRD-T) has sent an exploration team back to northern New Brunswick to investigate the 50-year-old Bathurst bas…
Producer and Dealer Prices (March 08, 2004)
Antimony: Mid-mkt US$2,700/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.55/lb.Cobalt: Recent trades US$24-28/lb.Copper: Comex Mar. US$1.376/lb.Indium: Indium Corp., ingot, US$375/kg.Iridium: Mi…
Metallica breaks ground at Cerro San Pedro in Mexico
Projected costs at the Cerro San Pedro heap-leach gold-silver project in central Mexico are expected to fall following the elimination of Glamis Gold’s (GLG-T) net smelter return royalty.Project owner…
Alcoa sheds its chemicals division
Aluminum giant Alcoa closed the period ended March 2 up US45 to US$37.71 after its 60%-owned subsidiary Alcoa World Alumina & Chemicals completed the sale of Alcoa Specialty Chemicals to two private …
Resource stocks fuel junior exchange
Vancouver — Canada’s junior exchange finished the report period ended March 2 on a bullish note as resource shares fueled a late rally. The S&P-TSX Venture Exchange composite index closed at 1899.09,…