Daily Metal Prices (September 08, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 2Sept. 1Aug. 29Aug. 28Aug. 27Al Alloy1420/142…
News
Norilsk buys more Stillwater
Russia’s Norilsk Nickel gave the final results of its US$32.6-million offer to buy up to 4.35 million shares (5%) of its 51%-owned subsidiary Stillwater Mining for $7.50 apiece, in cash. When the offe…
Gold: Supply and demand in Q2
Global demand for gold rose by just over 5% year-on-year in the second quarter of this year, with the greatest change coming in near-record levels of producer de-hedging, according to a report by anal…
Trading Summary (September 05, 2003)
The Toronto Stock Exchange ended the holiday-shortened week with a 17.65-point gain to end at 7,6121.5. The golds j…
Newmont picks Clover (September 05, 2003)
Vancouver Just days after granting Great Basin Gold (GBG-T) the right to earn a 70% stake in its Golden Cloud pro…
De-hedging accelerates in Q2
Against a backdrop of higher gold prices and lower interest rates, the global gold hedge book saw 5.2 million oz. t…
Trading Summary (September 04, 2003)
The S&P/TSX composite index edged 14.49 points higher to 7,594.85 on Thursday; the information technology sector le…
Wheaton River takes out Miranda (September 04, 2003)
Vancouver — Wheaton River Minerals (WRM-T) is continuing its strategy of growth through acquisition by inking deal…
JQA prospect shapes up for Canarc (September 04, 2003)
An eight-hole drilling program by Canarc Resource (CCM-T) at its Benzdorp property in east-central Surinam has defi…
Placer eyes promise of Nfld.
A recently inked deal between Rubicon Minerals (RMX-V) and Placer Dome (PDG-T) allows the major to earn up to a 70%…
Trading Summary (September 03, 2003)
The Toronto Stock Exchange saw its TSX Composite index rise 13.56 points on Wednesday, closing at 7,580.36 in fairl…
QGX soars in Mongolia (September 03, 2003)
Shares in junior gold explorer QGX (QGX-V) rocketed to an all-time high following the latest batch of exploration r…