The gold price moved below US$400 per oz. and toward the US$390-per-oz. level near the end of the holiday-shortened June 29-July 6 period, closing at US$394.50 in New York. The TSX Venture Exchange composite index closed down slightly, losing 11 p…
With an increasingly hostile 4-way merger battle raging elsewhere, Rio Narcea Gold Mines (RNG-T) and Defiance Mining (DM-T) have tabled plans for a friendly share-swap deal valued at around $52.6 million.
Detour Lake, Ont. — Among junior resource companies, Pelangio Mines (PLG-V) is in the enviable position of having a substantial (521,965-oz.) measured and indicated gold resource on its property, site of the past-producing Deto…
The bull market in gold has been in full swing since 2001, and one of its more intriguing aspects has been the return of an enduring and special price relationship between the two kings of the commodities world: gold and crude oil.
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…
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…
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…
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.
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