Miners surge after Christmas break
The Toronto Stock Exchange’s gold issues dominated the holiday-shortened report period ended Dec. 29.The gold index shot up 15.59 points over the three days to end 6.5% higher at 234.03. Most of the g…
News
Asia Pacific dives on Udon licence news
Shares in Asia Pacific Resources (APQ-T) were off 3.5, or about 16%, at 18.5 by mid-day on Dec. 23, after the junior announced that Thailand’s government has reservations about extending a special p…
New deal at Altonorte in Chile
Employees at Noranda’s (NRD-T) Altonorte custom copper smelter in Chile have ratified a 3-year collective agreement. The new deal includes improved wages and benefits, and has provisions for performan…
Mustang raises $6.4m
Mustang Minerals (MUM-V) has raised $6.4 million via an offering of flow-through and common share units. The proceeds will be used to explore and develop the Bannockburn and Manchester nickel properti…
Northern Star drills Midway
Vancouver — The first hole of an ongoing 25,000-ft. drill program has cut mineralization 1,200 ft. below surface at the Midway property, west of Val d’Or, Que.Hole 10 is the deepest drill intercept t…
Exchange Rates (January 05, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 29Dec. 26Dec. 25Dec. 24Dec. 23US$ in C$1.3104HolidayHoliday1…
Osisko makes for Brazil (January 05, 2004)
Brazilian explorer and developer Amazonia Mineracao will allow Montreal-based Osisko Exploration (OSK-V) to acquire up to a 75% interest in the Barro Alto gold property in Goias state.The property wil…
Producer and Dealer Prices (January 05, 2004)
Antimony: Mid-mkt US$2,135/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.62/lb.Cobalt: Recent trades US$17.90-21.50/lb.Copper: Comex Mar. US$1.0435/lb.Indium: Indium Corp., ingot, US$320/kg.Irid…
Silver stocks take flight
With silver spot prices soaring US20, to US$5.86 per lb., all the U.S.-listed silver stocks enjoyed strong gains during the 4-day period ended Dec. 29.Leading the way was Idaho-based Coeur d’Alene Mi…
Gympie’s Southland colliery evacuated (January 05, 2004)
Abnormally high methane concentrations at the Southland colliery in New South Wales, Australia, have forced operator Gympie Gold (GGD-L) to evacuate the mine.A mined-out area near an actively producin…
Seeking specialization
Economic diversification makes rural communities less vulnerable to economic variability, according to the latest edition of Rural and Small Town Canada Analysis Bulletin.The authors, Marjorie Page an…
Canadian Stock Exchange Indices (January 05, 2004)
DateDec. 29Dec. 26Dec. 25Dec. 24Dec. 23HighLowTSX Composite8260.54…