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 …
Articles by Northern Miner Staff
Strong rand clips AngloGold’s profits
Most export-oriented South African gold companies saw their 2003 earnings hampered by a strong rand, and AngloGold (AU-N) was no exception.Higher currencies in most other operating regions also affect…
Throne speech good harbinger
The Mining Association of Canada (MAC) sees good signs in Ottawa’s recent throne speech.MAC President Gordon Peeling says it is the first throne speech in a long time that clearly recognizes the value…
It’s all in the US dollar: Scotia Capital
A forecast for a continued decline in the greenback, outlined in the research booklet Focus 2004: Outperformers and Underperformers for 2004, underpins much of Scotia Capital’s predictions for the glo…
Sunridge explores in Eritrea (February 16, 2004)
Two drills are testing the Debarwa copper-gold deposit in Eritrea. The near-surface, volcanogenic massive sulphide deposit is part of the 1,400-sq.-km Asmara project held by partners Sunridge Gold (SG…
Gold-Ore eyes targets at Yuscaran
Vancouver — Gold-Ore Resources (GOZ-T) is preparing to drill its Yuscaran gold-silver project in eastern Honduras.The company can acquire the property from Breakwater Resources (BWR-T) by spending US…
Pan American to buy Morococha silver mine
A binding agreement sets the stage for Pan American Silver (PAA-T) to buy the Morococha silver mine, 150 km northeast of Lima, Peru.The proposed acquisition reflects Pan American’s goal of becoming th…
Exchange Rates (February 16, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 10Feb. 9Feb. 6Feb. 5Feb. 4US$ in C$1.32891.33041.32911.3319…
Everton, Globestar advance Bayaguana
Vancouver — Everton Resources (EVR-V) and partner Globestar Mining (GMI-V) have tabled new copper-in-soil results and completed a first phase of drilling at the Bayaguana group of properties in the D…
People (February 16, 2004)
Argosy — Peter Lloyd retired as president and CEO but remains non-executive chairman; Cecil Bond appointed interim CEO and will serve as CFO and CEO.Banro — Peter Cowley appointed director.Bullio…
Philippines to appeal court decision
The Philippine government will challenge a Supreme Court ruling that threatens millions of dollars in foreign investment in the mining industry.The Natural Resources Department, the presidential palac…
Spot Prices Tuesday, Feb. 10, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$408.35+6.60Silver$6.44 +0.26Platinum$838.00+14.00…