Quebec’s engineers honour Dufour
The Order of Engineers of Quebec, representing 46,000 engineers in la belle province, has awarded its 2003 Excellence Award to Ren Dufour, long-time educator and present-day chairman of Montreal-base…
2003
Exchange Rates (September 15, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 9Sept. 8Sept. 5Sept. 4Sept. 3US$ in C$1.36711.37071.37111.3…
Junior exchange hits all-time high
Vancouver — Canada’s junior exchange traded at its highest level since its inception in December 2001 during the week ended Sept. 9. The S&P-TSX Venture Exchange composite index tacked on 43.80 point…
Gold stocks soar with bullion
The precious metals enjoyed across-the-board gains during the Sept. 3-9 report period. Gold jumped US$12.25 to end at US$382.25 per oz. sending the Toronto Stock Exchange’s gold subindex soaring 8.1 p…
Bank on the future
Global Economic Prospects, the annual compilation of economic forecasts made by the World Bank, is out, and the economists have good news and bad news for the mineral industries.The good news is that …
Bema drills Kupol (September 15, 2003)
Vancouver — Impressive drill results continue to roll in from the Kupol gold property in Russia’s Far East region.So far, operator Bema Gold (BGO-T) has put down 130 holes comprising 17,052 metres of…
Tan Range’s Sinclair on gold
Commenting on one of his favourite topics, the gold market, Tan Range Exploration (TNX-T) Chairman James Sinclair has stated that, like any other investment sector, gold has its detractors but it rema…
Flow-through funds jump start juniors
Vancouver — Taking advantage of one of the last remaining officially sanctioned tax incentives in Canada, mineral exploration companies listed on the TSX Venture Exchange raised $41.1 million in flow…
Northern Miner Indices (September 15, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrick GoldABX-T19.4%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport McM BFCX-N7.1%GoldcorpG-T4.4%IncoN-T7.8%Kinross GoldK-T4.3%Newmont Minin…
Producer and Dealer Prices (September 15, 2003)
Antimony: Mid-mkt US$2,245/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.61/lb.Cobalt: Recent trades US$9.75-10.70/lb.Copper: Comex Dec. US$0.82/lb.Indium: Indium Corp., ingot, US$180/kg.Iridium…
Canadian Stock Exchange Indices (September 15, 2003)
DateSept. 9Sept. 8Sept. 5Sept. 4Sept. 3HighLowTSX Composite7596.517636.017612.507594.85…
De-hedging accelerates
Against a backdrop of higher gold prices and lower interest rates, the global gold hedge book saw 5.2 million oz. trimmed from its pages during the three months ended June 30, helping to underpin the …