News

Diamond market showing gains

Owing to solid sales through the first half of 2004, the London-based Diamond Trading Co. is raising its prices of rough diamonds by an average of 5%, with most categories rising in line with the average.


VVC firms up Beaverbrook (August 23, 2004)

VVC Exploration (VVC-V) has intersected significant antimony mineralization while firming up the resource at its Beaverbrook antimony project, 60 km southwest of Gander, Nfld.


Grupo settles second dispute

Mexican copper giant Grupo Mexico has reached a settlement with union leaders at its massive Cananea mine in Sonora state.



Bolivia recreates ministry

To bolster confidence in its mineral resources sector, the Bolivian government is re-establishing its mines ministry as an independent body in government and giving the mines minister full status in the cabinet.


Takeover fight costs Iamgold

The costs of a failed merger plan with Wheaton River Minerals and a takeover fight with Golden Star Resources added up to corporate charges of US$5.7 million, which nearly wiped out second-quarter profits at Iamgold (IMG-T).



Insider Trading (August 23, 2004)

The following insider trading transactions were reported in the July OSC Bulletin, published by the Ontario Securities Commission:…




Canadian Stock Exchange Indices (August 23, 2004)


Golds hit by rising dollar

U.S. stock prices bounced back strongly on Aug. 10 and 11, as the market digested news of the most recent Federal Reserve rate increase. But the S&P 500 index, which rose 1%, to 1,075.79, and the Dow Jones Industrial Average, which took back 1.3%,…


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