News


Golds weaken — a little

Stock markets south of the border moved sideways during the reporting period Dec. 13-19, despite generally positive economic news and a signal from the Federal Reserve Bank that it had finished with i…


Implats inks regal BEE deal

Impala Platinum Holdings (IMPUY-O, IPLA-L), the world’s second-largest platinum producer, has agreed to sell a 49% stake in its refining business to Royal Bafokeng Resource…



Yellow metal loses lustre

The Toronto Stock Exchange tacked on another 55.02 points to end the Dec. 13-19 report period at 11,1554.28. The gold index did well, slipping just 0.67 of a point to 236.32 as US$27.75 was carved fro…


Mongolia compromises on mining law changes

The government of Mongolia will not seek state participation in mineral deposits discovered by foreign companies without state help or funding, but is supporting proposed changes to the Minerals Law t…


Crowflight’s Bucko study proves positive

A feasibility study on the Bucko nickel deposit in the Thompson belt of Manitoba shows favourable economics, putting a $22.6-million net present value on the project….


Venture board stays the course

Continued strong precious and base metal prices kept the junior-explorer-dominated TSX Venture Exchange on track over the Dec. 13-19 trading session, notching the index up a nominal 2.35 points to clo…


Agnico-Eagle keeps costs low

As costs continue to escalate for gold miners, Toronto-based Agnico- Eagle Mines (AEM-T, AEM-N) is managing to buck the trend, predicting a decrease in costs for 2006….


Spot Prices Tuesday, Dec. 20, 2005 Courtesy of Scotiabank

Precious Metals Price (US$/oz.) Change
Gold $505.75 -17.05
Silver $8.55 -0.19
Platinum…


Abacus buys Afton back-in rights

A formal agreement with Teck Cominco (TEK.SV.B-T, TCKBF-O) allows Abacus Mining & Exploration (AME-V, ABCFF-O) to acquire mining-related facilities and infras…



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