2004



Higher costs erode Placer Dome’s profits

Vancouver — Higher production costs, brought about by continued appreciation of foreign currencies against the U.S. dollar, trimmed Placer Dome‘s (PDG-T) profits in the first quarter.



Higher Metal Prices propel Teck Cominco

Vancouver — Record first-quarter earnings posted by Teck Cominco (TEK-T) were overshadowed by the company’s decision to halt development of the Pogo gold project in Alaska.


Inmet triples profits

Increased production of pricier copper and zinc enabled Inmet Mining (IMN-T) to more than triple its earnings to $22.9 million (or 49 per share) during the first quarter.


Copper miners strike in Peru

About 1,350 workers at two mines operated by Southern Peru Copper, the country’s biggest copper miner, walked off the job for 48 hours in an effort to gain higher wages and an end to out-sourcing.






Trading Summary (May 07, 2004)

Toronto’s gold stocks plummeted 9.97 points, or 5.3%, to end Friday’s trading session at 177.79, its lowest since l…


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