Trading Summary (July 12, 2004)
The Toronto Stock Exchange’s telecom and utilities sectors were alone in black at the end of Monday’s trading sessi…
News
Barrick passes on Ivanhoe’s Oyu Tolgoi
Vancouver – Ivanhoe Mines (IVN-T) has confirmed discussions with Barrick Gold (ABX-T) regarding potential joint dev…
Bulk samples show Star’s potential
Initial results from underground bulk sampling on the Star kimberlite in Saskatchewan’s Fort la Corne field indicate the recovery of coarse-size diamonds of up to 3.5 carats.
Trend a friend for Cortez area players
The Cortez area is undergoing a flurry of exploration and drilling activity spurred by drilling successes at the Cortez Hills joint venture.
Gold and oil resume their dance
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.
Revisiting the bull market
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…
Heavy-going for gold
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 Northern Miner Indices (July 12, 2004)
North American Mining: 101.10 (-1.04)…
Wheaton-Iamgold merger dies in vote
Shareholders of
Rio Narcea eyes Tasiast
With an increasingly hostile 4-way merger battle raging elsewhere,
Pelangio seeks to revive Detour Lake
Detour Lake, Ont. — Among junior resource companies,
TSX adds mining companies, clout
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.