Exchange Rates (September 13, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)…
News
Global hedge books trimmed for fourth consecutive Q
Vancouver — Approximately 3.9 million oz. were trimmed from gold producers’ hedge books in the 3-month period ended June 30, marking the fourth consecutive quarter in which the global hedge book moved away from hedging.
Newmont vs. Mother Nature
U.S. stock markets rose slightly over the period Sept.1-7. The S&P 500 index was up 17 points, or 1.5%, while the Dow Jones Industrial Average was up 1.6%, or 168.87 points, to close at 10,342.79 points.
Inca Pacific pulls long Magistral intercepts (September 13, 2004)
Vancouver — Drill results from the Magistral project in Peru’s Ancash district indicate impressive copper-molybdenum mineralization.
Shore announces dividend-in-kind
With the Star diamond project in Saskatchewan taking centre-stage,
Miner killed at Bralorne
Vancouver — A miner at the Bralorne-Pioneer mine in British Columbia was killed when the hangingwall collapsed, causing a rock fall.