Exchange Rates (December 29, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 22Dec. 19>Dec. 18Dec. 17US$ in C$1.33151.33971.32921.3251…
News
Radius tallies Tambor gold
Vancouver — An independent estimate commissioned by Radius Explorations (RDU-V) suggests that the Tambor property in Guatemala has a resource equivalent to 274,000 oz. gold.Based on a cutoff grade of…
Ghana gives nod to Newmont’s Ahafo
The Parliament of Ghana has unanimously approved a foreign investment agreement with Newmont Mining (NEM-N), paving the way for construction of the Ahafo gold project in the Brong Ahafo region.The agr…
Spot Prices Monday, Dec. 22, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$409.70+1.45Silver$5.66 +0.12Platinum$826.00-30.00…
Daily Metal Prices (December 29, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 22Dec. 19Dec. 18Dec. 17Al Alloy1455/14901461/1…
Producer and Dealer Prices (December 29, 2003)
Antimony: Mid-mkt US$2,100/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.62/lb.Cobalt: Recent trades US$17.50-20.50/lb.Copper: Comex Mar. US$1.0065/lb.Indium: Indium Corp., ingot, US$320/kg.Irid…
Canadian Stock Exchange Indices (December 29, 2003)
DateDec. 22Dec. 19Dec. 18Dec. 17HighLowTSX Composite8135.438113.02…
Rubicon expands Jaclyn’s dimensions
Midway through a drilling program at the Golden Promise project in central Newfoundland, Rubicon Minerals (RMX-T) has determined that the deposit’s Jaclyn vein zone is bigger than expected.Rubicon opt…
Monument Bay yields gold
Drilling by partners Bema Gold (BGO-T) and Wolfden Resources (WLF-T) has intersected two gold-mineralized shoots near the Twin Lakes West zone on the Monument Bay property, 650 km northeast of Winnipe…
Birim extends Tombe-Parabu (December 29, 2003)
Reverse-circulation drilling by Birim Goldfields (BGI-T) on the Bui project in Ghana, West Africa, has extended the Tombe-Parabu North gold discovery some 70 metres to the north.Hole 186 encountered a…
Junior exchange breaks downward spiral
Vancouver — Canada’s junior exchange managed to chase away the Grinch over the week ended Dec. 22 as investors showed a renewed interest in speculative issues. The S&P-TSX Venture Exchange composite …
Anooraq drills Drenthe
Infill drilling by Anooraq Resources (ARQ-V) has reduced, by half, the drill-hole spacing on the central portion of the Drenthe farm, in South Africa’s Bushveld igneous complex.Highlights from the pro…