Trading Summary (March 22, 2004)
The Toronto Stock Exchange’s subindices finished lower across the board on Monday, sending the S&-TSX composite…
News
Placer Dome boss calls it quits
In a surprise move, Placer Dome (PDG-T) CEO Jay Taylor has announced that he will retire at the end of Septe…
Meadowbank “surprise” fells Cumberland
Shares in Cumberland Resources (CLG-T) shed another 25% on Monday, after the Vancouver-based miner said that…
Grand Central climbs on gold discovery (March 22, 2004)
Shares of Grand Central Silver Mines (GSLM-PK) have doubled, tripled and quadrupled in recent months, follow…
Ivanhoe honoured for Oyu Tolgoi
Ivanhoe Mines (IVN-T) Chairman Robert Friedland has been known to wax eloquently about his company’s mining projects scattered throughout the globe but before he took the stage at the annual awards ce…
Canada overtakes South Africa in diamond value
With two diamond mines already established and three projects at the permitting stages, Canada will surpass South Africa this year in terms of diamond production value and move into third place, behin…
Editorial Cartoon (March 22, 2004)
The trouble with gold
The following is an excerpt from The Trouble with Gold . . . a promising treasure from Cripple Creek, a novel by Jim Davis, a Colorado geologist and prospector. The story concerns a man searching for …
The Northern Miner Indices (March 22, 2004)
North American Mining: 107.01 (-1.06)Small Producers: 125.08 (-3.68)(Sept. 30/98 = 100)…
Platinum surges while palladium finds support
Platinum has already surged this year, reaching levels not seen since 1980. Indeed, platinum has been the only real challenger to nickel for the title of “star metal,” which is fitting given it’s the …
StrataGold to drill Hyland
A $700,000 drilling program is planned for the “Carlin-type” gold project known as Hyland, 70 km northeast of Watson Lake, Y.T.Owner StrataGold (SGV-V) will perform the drillling, which is to be funde…
Meridian profits from El Peon
Reno-based Meridian Gold (MNG-T) made a net profit of US$36.8 million in 2003, reflecting the stellar operating performance of the El Peon mine, 160 km southeast of Antofagasta in Chile.The high-grad…