WGC unveils new gold collection
The World Gold Council has unveiled a collection and marketing initiative dubbed “Gold Expressions,” aimed at bolstering the global market for Italian-made gold jewelry.Following its formal launch in …
News
FNX, Dynatec exercise Inco option (December 22, 2003)
The Sudbury joint venture of FNX Mining (FNX-T) and Dynatec (DY-T) has moved to full ownership of five properties it previously held under an option agreement with Inco (N-T).FNX, with a thr…
Ghana gov’t supports AngloGold-Ashanti tie
The government of Ghana has expressed its support of the planned US$1.7-billion merger between Ashanti Goldfields (ASL-N) and AngloGold (AU-N).The government agreed to vote its 16.9% stake in Ashanti …
Spot Prices Wednesday, Dec. 16, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$409.70+1.45Silver$5.66 +0.12Platinum$826.00+27.00…
Rio Narcea to drive ramp at Aguablanca (December 22, 2003)
Anxious to catch the peak of nickel prices, Rio Narcea Gold Mines (RNG-T) plans to begin developing its Aguablanca underground nickel project in western Spain even before open-pit mining starts.Aguabl…
Partners step up work at Windfall Lake
With results from the remaining holes now in hand, partners Fury Explorations (FUR-V), Alto Ventures (ATV-V) and Noront Resources (NOT-V) are preparing for their next drill campaign at the Wind…
LME Warehouse Levels (December 22, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 16 (change from Dec. 9 in brackets):MetalStock(tonnes)ChangeAluminium1396250(-50…
Better technology, better economy
A report from the Australian Bureau of Agricultural and Resource Economics (ABARE) provides powerful support for the recommendations of three government studies that called for greater investment in r…
Semafo cuts long intersections at Wona
Delineation drilling by Semafo (SMF-T) at its Mana gold property in central Burkina Faso has returned long intersections from the Wona gold deposit.Semafo is tightening drill control on both Wona and …
Junior exchange slumps as investors take profits
Vancouver — Canada’s junior exchange took a hit over the week ended Dec. 16 as investors took profits prior to the Christmas holiday. The S&P-TSX Venture Exchange composite index lost 61.78 points, o…
Quebec’s Metanor makes trading debut
It’s that time in the gold cycle when IPOs start to sprout up. This month, Metanor Resources (MTO-V), a junior gold explorer in Quebec, is making its first appearance on the TSX Venture Exchange.Based…
Martin appoints Efford as new natural resources minister
John Efford, a relative rookie in federal politics, has been appointed minister of natural resources in the cabinet of Canada’s new prime minister, Paul Martin.Efford was first elected to the House of…