Pipeline powers Royal Gold
A sliding-scale royalty at the Pipeline gold project in Nevada jumped to a higher rate late last year, enabling Royal Gold (RGL-T) to boost fourth-quarter earnings by 85%.The Denver-based company’s ne…
News
Koidu sells initial production (February 16, 2004)
Partners DiamondWorks (DMW-T) and privately held Magma Diamond Resources have sold the first lot of stones from the recently revived Koidu project in Sierra Leone.In January, 8,099 carats of diamond w…
Las Cruces study completed
A new feasibility study has been completed for Las Cruces, a base metal project held by a unit of MK Gold (MKAU-O), near Seville, Spain.DMT-Montan Consulting, Lurgi Metallurgie, and the Outokumpu Tech…
Mining, tourism reach deal in BC
Representatives of British Columbia’s mining and tourism industries have hammered out a land-use agreement designed to restore investor confidence.A memorandum of understanding (MOU) between the two g…
Spot Prices Tuesday, Feb. 10, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$408.35+6.60Silver$6.44 +0.26Platinum$838.00+14.00…
Philippines to appeal court decision
The Philippine government will challenge a Supreme Court ruling that threatens millions of dollars in foreign investment in the mining industry.The Natural Resources Department, the presidential palac…
Everton, Globestar advance Bayaguana
Vancouver — Everton Resources (EVR-V) and partner Globestar Mining (GMI-V) have tabled new copper-in-soil results and completed a first phase of drilling at the Bayaguana group of properties in the D…
Continental heads to Tibet
Continental Minerals (KMK-V) intends to drill-test an early-stage copper-gold discovery at the Xietongmen project, 240 km southwest of Lhasa in Tibet. The Vancouver-based junior, part of the Hunter-Di…
Market moves with gold
Vancouver — Canada’s junior exchange made a big comeback over the week ended Feb. 10, as gold stocks started making positive gains. The S&P/TSX Venture Exchange composite index closed at 1866.18, up …
Broad market rises as golds and base metals heat up
With strong support from the resource sector, the S&P/TSX composite index jumped 90.81 points over the Feb. 4-10 report period to end the week at 8,751.51.Gold rose US$6.60 in overseas trading to sett…
Canadian Stock Exchange Indices (February 16, 2004)
DateFeb. 10Feb. 9Feb. 6Feb. 5Feb. 4HighLowTSX Composite8751.518695.208638.618548.41…
Mustang cuts more nickel at C zone
Vancouver — Mustang Minerals (MUM-V) continues to be encouraged by results obtained from the C zone of the Bannockburn nickel project, 100 km southeast of Timmins, Ont.Drilling has extended nickel mi…