Rubicon expands Jaclyn’s dimensions
Midway through a drilling program at the Golden Promise project in central Newfoundland, Rubicon Minerals (RMX-T) has determined that the deposit’s Jaclyn vein zone is bigger than expected.Rubicon opt…
Placer Dome Inc
Metals Commentary: Bright outlook for precious metals
All the key trends that have contributed to rising gold prices over the past year remain in place. The strong price recovery in commodities across all sectors continues to attract investment into prec…
Broad market unfazed by Hussein’s arrest
The capture of Saddam Hussein over the Dec. 10-16 report period was certainly a political triumph for the U.S., but two subsequent car bombings in the country’s capital left investors here at home ske…
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 …
Price squeeze has base metal issues jumping
Toronto equities were little-changed over the report period Dec. 3-9, a modest gain of 48.34 points putting the TSX Composite index at 7,975.94. The base metal and gold stocks headed in opposite direc…
Madsen program shapes up for Claude, Placer
Red Lake, Ont. — The Red Lake gold camp of northwestern Ontario had, over the years, come to look fairly simple: two big mines, one very big orebody, and very little going on outside the fences at Ca…
Gold breaks barrier as silver, nickel soar
A strong rally sent gold US$9.55 higher over the five trading days to a London morning fix of US$401.05 per oz. on Dec. 2. It’s the first time the yellow metal has surpassed the psychological barrier …
Nevada Pacific drills BMX Project
Vancouver — Nevada Pacific Gold (NPG-V) has kicked off a drill program at its wholly-owned BMX project, situated w…
Partners test Trinidad South (November 24, 2003)
Globestar Mining (GMI-V) has launched a 2,000-metre drill program over the 3-sq.-km Trinidad South gold-in-soil anomaly on the Bayaguana gold project in the Dominican Republic.Globestar believes Trini…
Discoveries lure Placer Dome, Meridian Gold to Newfoundland
St. John’s, Nfld. — With little fanfare, Barrick Gold (ABX-T) walked away from the much-hyped Botwood Basin in Newfoundland earlier this summer after spending some 15 months assessing the potential f…
Majors top up their tills
Vancouver — More consolidation in the gold sector could be in the offing, given that two of the world’s largest producers have gone to the market to top up their tills.South Africa’s Gold Fields (GFI…
TSE slides as precious metals fly
Except for the last day, buyers outpaced sellers over the Nov. 5-11 report period, but not enough to overcome last minute profit-taking. The Toronto Stock Exchange composite index finished the period …