Holiday hangover overcomes market
The holiday-shortened July 30-Aug. 5 report period was marked by more sellers than buyers, causing the Toronto Stock Exchange composite index to slip 37.81 points and land at 7,180.54.Gold reversed co…
Placer Dome Inc
Atna adopts mostly-gold strategy
Elko, Nev. — After years of trying to develop a string of base metal projects, Atna Resources (ATN-T) has reinvented itself as a gold explorer in Nevada’s Carlin trend.The company had tried to fund e…
Placer Dome gains East African Gold Mines
Placer Dome (PDG-T) has inked share purchase agreements to acquire 98% of privately owned Australian-based East African Gold Mines, thereby securing that company’s cornerstone operation, the North Mar…
Modest gains for base metals
The Toronto stock market continued its upward trend over the reporting period June 30-July 8, with the TSX composite index rising 106.50 points to close at 7,089.60 for a gain of 1.5%.The TSX gold ind…
Golds slump as base metals follow suit
The Toronto Stock Exchange’s composite index lost 114.61 points, or 1.6% of its value, during the June 18-24 report period, largely as a result of the weaker gold price. The yellow metal lost US$11.50…
Placer doubles Cortez resource
Vancouver — Placer Dome (PDG-T) has doubled the measured and indicated resource at its 60%-owned Cortez Hills discovery in Nevada.Discovered in late April of this year, Cortez Hills now holds a measu…
Strong gold price pushes producers higher
The Toronto Stock Exchange’s composite index climbed a healthy 78.32 points over the June 11-17 report period to finish at 7,121.02.Gold firmed up US$7.10 in overseas trading to plant itself at US$361…
Gold shines on long-term dollar weakness
Investors in gold stocks have taken profits in one of the best years for investing in the precious metal in more than a decade.The high price of gold has been linked to the tensions with Iraq, but thi…
Victoria nabs Mill Canyon
Junior Victoria Resource (VIT-V) has bought the Mill Canyon gold property in Nevada from Newmont Mining (NEM-N).Situated in the Battle Mountain trend, Mill Canyon is considered prospective for dissemi…
Royal Gold enjoys record quarter
Vancouver — The rising bullion price has prompted the largest U.S.-based precious metals royalty company to top up its till and look for acquisitions.Royal Gold (RGL-T) earned US$2.5 million (or US12…
Base metals surge as golds fizzle
The Toronto Stock Exchange’s composite index continued its upward climb over the May 28-June 3 report period, ending 95.04 points higher at 6,931.25.The gold index fared poorly despite a surge in pric…
Golds falter as broad market shines
The Toronto Stock Exchange composite index gained 113.84 points over the May 21-27 report period to end at 6,840.24 points, its highest finish in nearly a year.Junior Tahera was the period’s hottest m…