Trading Summary (July 12, 2004)
The Toronto Stock Exchange’s telecom and utilities sectors were alone in black at the end of Monday’s trading sessi…
Articles by Northern Miner Staff
Barrick passes on Ivanhoe’s Oyu Tolgoi
Vancouver – Ivanhoe Mines (IVN-T) has confirmed discussions with Barrick Gold (ABX-T) regarding potential joint dev…
Sub-Sahara explores Debarwa in Eritrea
Vancouver — Drilling by Australian-listed
Spot Prices Tuesday, July 6, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)Change…
Exchange Rates (July 12, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)…
Producer and Dealer Prices (July 12, 2004)
Antimony: Mid-mkt US$2,600/t.
Revisiting the bull market
The price performance of most of the base metals has been impressive so far this year, at least from a producer’s perspective. All metals made new highs for this cycle despite the rebound in the U.S. dollar. However, the recent correction that mos…
Heavy-going for gold
We had expected gold to experience “one last leg higher” during the second quarter before long liquidation and poor commodity fundamentals drove prices towards US$350 per oz. by the end of the year. However, events have fast-forwarded, with the se…
Golds lose steam during holiday week
The report period June 29-July 6 saw reduced activity caused by Canada Day and, south of the border, Independence Day. Gold closed down $9.75 to finish at US$394.50 per oz. in the afternoon of July 6 in London. The gold index was down by 0.04 poin…
TSX adds mining companies, clout
Healthy metal prices lured 19 mining companies to list on the Toronto Stock Exchange in the first half of 2004, adding $2.3 billion (US$1.7 billion) to a bourse already rich in resource companies.
Santa Cruz commissions feasibility study at San Jose
Minera Santa Cruz has commissioned a feasibility study of its San Jose gold-silver project in southeastern Argentina.