Producer and Dealer Prices (January 17, 2005)
Antimony: Mid-mkt US$2,760/t.
News
Miners recover
United States stock markets drifted marginally lower over the report period Jan. 5-11, with the S&P 500 index down 5.06 points at 1,182.99.
Nevsun rises over Eritrea talks
The week of Jan. 5-11 saw the price of gold fall to US$420 per oz. on Jan. 10 before climbing back up to US$421.35, where it closed in the afternoon in London (down US$6.40 over the period). The gold index was down one point to close at 198.69. Th…
Juniors, metals prices show strength
Junior mining stocks appeared to be resurging over the trading period Jan. 4-11. The TSX Venture Exchange lost 15 points, or less than 1%, to close at 1772.53, largely owing to the weak gold price.
Ocampo drilling buoys Gammon Lake
Luscar partners expand Coal Valley
The Luscar Energy Partnership, which consists of equal partners
Eritrean government extends olive branch
Vancouver — The Eritrean government is seeking further meetings with foreign companies exploring for minerals in the East African country. The move comes four months after its surprising and unexplained ban on all exploration within its borders.
Glamis goes for Goldcorp (January 17, 2005)
Having formally filed its takeover bid with regulators in Canada and the U.S.,
Fronteer confirms high-grade at Kirazli
Vancouver —
Hecla, Triumph strike deal
A deal between
Mining survives in Chile
The Chilean government recently proposed a bill to impose a government royalty on mining companies primarily producing copper in Chile, over and above corporate income tax. Fortunately, the bill did not pass, though it may yet be re-introduced.