Defiance boosts Tasiast
With about 28,000 metres worth of reverse-circulation (RC) and core drilling under its belt, Defiance Mining (DM-T) has tabled an updated resource figure for its Tasiast gold project, 170 km east of t…
News
Copper miners eye higher prices (September 29, 2003)
Vancouver — After years of cutting back production because of low prices, the world’s largest copper miners are optimistic the market for the red metal will improve in 2004.Phelps Dodge (PD-N) expect…
Miners picket Denver forum
Roughly 100 miners at the Newmont gold mine in Nevada travelled 1,000 km to Denver, Colo., in mid-September to protest being without a contract for more than a year.The miners picketed outside the Wes…
Barrick re-shuffles management deck
The gold companies took centre-stage during the report period ended Sept. 23, as the yellow metal resumed its bull run by lunging forward $12.35, or 3.3%, to US$385.25 per oz., pulling the S&P-TSX Gol…
Bullion pushes venture exchange higher
Vancouver — Canada’s junior exchange was buoyed by the strength of bullion during the week ended Sept. 23. The S&P-TSX Venture Exchange composite index tacked on 21.1 points, or 1.54% of value, to cl…
Twenty Years Ago / October 1983
Gold at crossroadsThe gold market has moved to a new crossroads. Its unprecedented 8-month-long ability to hold above US$400 per oz. has been shattered.Erasing most technical support points, gold fell…
Trading Summary (September 26, 2003)
The Toronto Stock Exchange suffered its third straight loss falling 80.29 to 7,433.08 on Friday. The consumers stap…
Ariane shares rocket on Cambior merger
Longueuil, Quebec-based miners Cambior (CBJ-T) and Ariane Gold (AGD-T) have agreed to merge with an eye toward deve…
Drilling shows open pit potential at Morro do Vento
Drilling by Desert Sun Mining (DSM-T) at its Jacobina property in Bahia state, Brazil, is indicating a low-grade re…
Plexmar hikes to Peru (September 26, 2003)
Junior Plexmar Resources (PLE-V) has inked a deal to earn a full interest in the Marilia gold property in the Cajam…
Noranda sells 12-years notes
Mining conglomerate Noranda (NRD-T) intends to sell US$350 million worth of unsecured debentures in order to repay…
Trading Summary (September 25, 2003)
Toronto’s gold stocks beat a 6.83-point retreat on Thursday, as the yellow metal ended US$3.20 lower at US$383.80 i…