2004

Holiday quiet calms markets

U.S. stock markets traded in a narrow range between Nov. 24 and 30, a trading period bisected by the U.S. Thanksgiving holiday. The S&P 500 index closed 3.12 points lower, at 1,173.82, in four trading days that saw the index move in a 14-point ban…


Golden wave cause commodities to rise

Continued exuberance in the metals market enabled the junior-mining-dominated S&P-TSX Venture Exchange composite index to close at 1754.39, up an impressive 3.2%, or almost 54 points, during the period Nov. 24-30. Average daily volume over the wee…


Seeing no evil

We’re fortunate to have another example in front of us. At the Chenjiashan coal mine in China’s Shaanxi province, 116 miners are missing and presumed dead, and another 50 are confirmed dead following a methane explosion.



Newmont pollution case thickens

Indonesian courts will decide if personnel from a wholly owned subsidiary of Newmont Mining (NEM-N) are guilty of environmental pollution.


Winning the metals

The following is an excerpt from the ninth edition of Mining Explained, published by The Northern Miner.


Trenching at Rubicon Minerals' Pocket Pond showing in Newfoundland earlier this year. It was the first outcrop exposure of gold-bearing quartz veins.

Newfoundland’s gold attracts explorers

St. John’s, Nfld. — Rubicon Minerals (RMX-T) has made several raw gold discoveries in Newfoundland, and the region’s underexplored gold potential is luring the likes of Placer Dome (PDG-T), Iamgold


Through the magic of NGOs

Manhattan Minerals has sold its Peruvian mineral interests for US$600,000 and the assumption of $2.4 million in liabilities. So ends a cautionary tale for explorers and their backers alike.





Pierre Lassonde pictured in 1992 as president of Franco-Nevada Mining.

Lassonde wins Gold Medal

Newmont Mining President Pierre Lassonde added a couple of ounces to his reserves when he was presented with the Gold Medal by the Ontario Professional Engineers at a ceremony in Toronto.


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