Richmont buys into Patricia
Small gold producer Richmont Mines (RIC-T) is investing $1 million in Toronto-based junior Patricia Mining (PAT-V) in order to help the latter advance its wholly owned Island Gold project, near Wawa, …
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Daily Metal Prices (August 11, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug. 5Aug. 4Aug. 1July 31July 30Al Alloy1365/1370…
Canada’s junior exchange continues run
Vancouver — Canada’s junior exchange continued its bull run as select resource stocks rallied over the week ended Aug. 5. The S&P-TSX Venture Exchange composite index added 22.73 points, or 1.9% of v…
Holiday hangover overcomes market
The holiday-shortened July 30-Aug. 5 report period was marked by more sellers than buyers, causing the Toronto Stock Exchange composite index to slip 37.81 points and land at 7,180.54.Gold reversed co…
Northern Miner Indices (August 11, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T19.5%CamecoCCO-T3.1%FalconbridgeFL-T4.0%Freeport BFCX.B-N5.7%Glamis GoldGLG-T3.3%GoldcorpG-T5.4%IncoN-T9.0%Meridian GoldMNG-T…
Gov’t proposes deep-freeze at Giant
After 10 years of engineering studies, the federal government has proposed freezing 237,000 tonnes of arsenic sitting in numerous underground chambers at the former Giant gold mine, near Yellowknife, …
Producer and Dealer Prices (August 11, 2003)
Antimony: Mid-mkt US$2,300/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$9.95-10.30/lb.Copper: Comex Sept. US$0.8085/lb.Indium: Indium Corp., ingot, US$180/kg.Irid…
Trading Summary (August 08, 2003)
The Toronto Stock Exchange advanced again on Friday, as the TSX Composite index rose 71.69 points to close at 7,251…
Metallic picks up new shoot at Esmeralda
Underground drilling at the Esmeralda gold propery in southwestern Nevada has revealed a new high-grade mineralized…
Randgold Resources takes run at Ashanti (August 08, 2003)
Mid-tier producer Randgold Resources (GOLD-Q) has made the proposed merger between Ashanti Goldfields (ASL-N) and A…
Gold Fields takes out Arctic Platinum (August 08, 2003)
Vancouver — South Africa’s third largest gold producer has exercised its right to acquire Outokumpu’s 49% stake in…
Lupin on the ropes
A particularly bad quarter for Kinross Gold’s (K-T) Lupin gold mine in remote western Nunavut, 400 km northeast of…