Canadian Stock Exchange Indices (December 15, 2003)
DateDec. 9Dec. 8Dec. 5Dec. 4Dec. 3HighLowTSX Composite7975.947990.777990.287880.507959.887997.666204.94TSX Metals & Mining212.19210.99209.84193.16205.10210.99115.38TSX Gold231.81…
News
Gold stocks down as bullion rises
This was a week of mainly sideways motion in the U.S. equity markets, with the Dow Jones Industrial Average rising 69.78 points to 9,923.42, as the Standard & Poor’s 500 Index fell 6.44 points to 1,06…
The Northern Miner Indices (December 15, 2003)
North American Mining: 110.04 (-0.03)Small Producers: 109.08 (-2.85)(Sept. 30/98 = 100)…
Inmet’s Cayeli back on track
Cayeli, Turkey — Now that areas affected by last year’s cave-in have been fully rehabilitated and repaired, the Cayeli underground copper-zinc mine in Turkey is experiencing high production rates.The…
Stornoway reports strong microdiamond count
Summer drilling on the AV-1 kimberlite showing on the Melville Peninsula in eastern Nunavut has returned highly significant microdiamond counts showing good potential for larger, commercial-size stone…
Nevsun hits new zone at Bisha (December 15, 2003)
Drilling at the Bisha project in Eritrea has led to the discovery of a new massive sulphide zone, reports Nevsun Resources (NSU-T).The so-called NW zone was intersected in six holes collared on three …
Metals Commentary: Barrick’s hedging moratorium explained
The recent announcement by Barrick Gold (ABX-T) Chairman Peter Munk that the company will not consider further forward sales of gold over the next 10 years nor roll any of its hedge contracts forward …
BHP Billiton to sell stake in Highland Valley
Vancouver — BHP Billiton (BHP-N) has inked a deal with privately owned Quadra Mining to sell its 33.6% stake in the Highland Valley Copper mine, in British Columbia, as well as its 100% interest in t…
The Big Smoke
Plans for a hazardous-waste incinerator in Belledune, northwest of Bathurst, N.B., have run foul of two New Brunswick environmental groups: the Conservation Council and Environnement-Vie.The project p…
The Big Bang
Also in the Maritimes, we see that fishermen are protesting against offshore seismic testing being done by a contractor for junior hydrocarbon explorer Corridor Resources.Corridor holds an offshore ex…
Gold online Down Under
The Australian Gold Council (AGC) has launched the first Australian gold investment web site, at www.australiangoldinvestment.comThe site is useful for anyone wanting information on investment…
Gov’t expands underground lab
The Canada Foundation for Innovation will invest $38.9 million in the expansion of a laboratory for underground science in Sudbury, Ont.The money will be used to transform the existing Sudbury Neutrin…