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News December 27, 2004

Quadra’s copper con heads to Asia

Vancouver — Quadra Mining (QUA-T) has shipped the first load of copper concentrate from its recently restarted Robinson mine in Ely, Nev. However, the good news was overshadowed an accident that killed two contract miners at th…

News December 27, 2004

Skye gets new Exmibal licences (December 27, 2004)

The Guatemalan government has issued new exploration licences covering the Niquegua mining concession, formerly held by Inco (N-T), to Vancouver-based Skye Resources (SKR-V).

News December 27, 2004

Grande Cache inks supply deal (December 27, 2004)

Grande Cache Coal (GCE-T) has entered into an agreement to sell more than two-thirds of its hard coking coal production in 2005.

News December 27, 2004

EurOmax drills Bulgarian gold (December 27, 2004)

Vancouver — A former oil and gas explorer in Alberta under the name Omax Resources, EurOmax Resources (EOX-V) is now drill-testing copper and gold targets in central Bulgaria.

News December 27, 2004

Gold Fields in talks with Harmony

In an about-face, Gold Fields (GFI-N) has concluded preliminary talks with Harmony Gold (HMY-N), which had launched a hostile takeover of the South African major.

News December 27, 2004

Canadian Stock Exchange Indices (December 27, 2004)

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News December 27, 2004

Daily Metal Prices (December 27, 2004)

BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…

News December 27, 2004

Wild ride for Thistle Mining

The report period Dec. 15-21 saw the price of gold rise US$3.85 to close at US$440.95 per oz. in the afternoon of the 21st in London. The gold index rose 2.09 points, or 0.9%, to close at 211.20. The diversified metals and mining index was up 10.7…

News December 27, 2004

Base metals leave golds behind

U.S. stock markets were quiet during the report period Dec. 15-21, rising only slightly. The Dow Jones Industrial Average rose 82.98 points to 10,759.43.

News December 27, 2004

Juniors flatline despite stronger precious metals

The Christmas holiday season is sending a chill through precious metals markets, which traded in a fairly narrow range over the Dec. 15-21 period. The TSX Venture Exchange index closed at 1,746.68, up 33.39 points or nearly 2% from the beginning o…

Looking north at the soon-to-be exhausted AK1 open pit at the Argyle diamond mine in Western Australia. The pit measures about 2.5 km long by 1 km wide.

News December 27, 2004

Argyle diamond mine enters transitional period

Kimberley Plateau, Western Australia — The future of Rio Tinto‘s (RTP-N) Argyle diamond mine is in question now that the open-pit operation is starting to wind down.

News December 27, 2004