TSE crawls higher as gold breaks US$330 per oz.
The Toronto Stock Exchange composite index began the Dec. 11-17 report period on an upswing, peaked, then crashed as skittish investors counted their blessings and ran for the hills. Still, the index …
News
Laramide leases gold deposit (December 23, 2002)
In exchange for cash and future royalties, Laramide Resources (LAM-V) has leased its Cerro Colorado mining claims in Mexico to a private Australian mining company.Secotec paid US$50,000 in cash and ha…
Caldera finds little resistance
A ground electromagnetic survey by Caldera Resources (CDR-T) has outlined several conductive bodies at the Mt. Sarah property in South Australia.Roughly 6.8 km was surveyed along four lines to cover p…
Daily Metal Prices (December 23, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 17Dec. 16Dec. 13Dec. 12Dec. 11Al Alloy1360/134…
Tiomin gets nod for Kenyan project
After years of study, the Kenyan government has approved a 16-year mining lease for Tiomin Resources’ (TIO-T) Kwale titanium-sands project, southwest of Mombasa.The lease, which can be renewed for a f…
Trading Summary (December 20, 2002)
With gold dropping US$5.80 to US$340.30 per oz. in New York, Toronto’s Gold Index shed 2.87 points or about 1.5% to…
Coal battle flares up
Fording took a swipe at the Sherritt Coal Partnership II’s revised offer on Friday, calling it a "smoke and mi…
Cumberland awards Meadowbank feasibility
Vancouver — Cumberland Resources (CBD-T) has awarded AMEC the contract to perform the feasibility study for its wh…
Radius hits hot holes at Holly
Vancouver – With the price of gold moving to 5-year highs, junior Radius Exploration (RDU-V) could not have picked…
Rio Narcea joins Outokumpu in Spain (December 20, 2002)
Rio Narcea Gold Mines (RNG-T) has agreed to a phased earn-in at Finnish-based Outokumpu’s Lugo properties in northe…
Noranda puts El Morro on hold
Vancouver – Noranda (NRD-T) has tabled a 2003 budget of only US$830,000 for Metallica Resources’ (MR-T)El Morro cop…
Trading Summary (December 19, 2002)
Toronto stocks dropped for the third straight day ending 23.96 points lower at 6,536.97 points on Thursday. The TSX…