2004

U.S. stock markets were little-changed over the report period Dec. 1-7, but the mining stocks fell sharply. The S&P 500 index, representative of the broad market, was up 3.25 points to 1,177.07, but the XAU gold and silver index fell about 6% in t…

Armed with a recently completed feasibility study, Yamana Gold (YRI-T) has begun construction at its Sao Francisco gold project, close to the Bolivian border in Mato Grosso state, Brazil.

Vancouver — Buoyant prices, driven largely by unquenched demand from China, has prompted Ivanhoe Mines (IVN-T) to evaluate a number of coal projects in the South Gobi region of Mongolia.

Vancouver — BcMetals (C-T) is encouraged by the results of an independent feasibility study of the Red Chris project in northwestern British Columbia.

Linear Gold Mexico, a unit of Linear Gold (LRR-T), has intersected significant copper, silver and molybdenum at its Cobre Grande project, 60 km southeast of Oaxaca.

Brazilian metal producer Votorantim Metais will take over the Cajamarquilla zinc refinery in Peru following a deal with operator Teck Cominco (TEK-T) and minority owner Marubeni.

The report period Dec. 1-7 saw the price of gold fall US$1.60 to close at US$451.80 per oz. in the afternoon in London. All mining-related indices lost ground. The gold index fell 13.2 points, or 5.9%, to close at 209.30, and the diversified metal…

Precious metals, for the most part, traded in a narrow range over the trading period Dec.1-7. which saw a bit of weakness return to the junior mining sector. The TSX venture exchange index closed at 1712.19, down 37.2 points, or 2% lower from the…

Vancouver — Drilling by Bema Gold (BGO-T) has extended high-grade gold and silver mineralization in several zones at the Kupol project in eastern Russia.