2004

Falling metals weigh on miners

Sagging metal prices sent the mining indices south during the holiday-shortened Sept. 1-7 report period. The gold index shed 3.26 points to end at 220.52, as the yellow metal lost US$9.55 per oz. to finish at US$398.10 in the afternoon in London o…


Commander Resources' Project Geologist Lamont Leatherman at an outcrop of the gold-bearing Bravo iron formation at the Ridge Lake prospect on Baffin Island.

Commander cuts high-grade gold

Vancouver — Drilling on Commander Resources‘ (CMD-V) Baffin Island gold project has delivered further intersections of high-grade gold from iron formation targets.


Juniors reflect gold’s weakness

After making some headway in the previous trading period, Toronto Venture Exchange-listed companies gave back some ground as the U.S. dollar strengthened and the gold price eased on decreasing terrorist fears. The S&P-TSX Venture Exchange index de…


Crosshair cuts gold in Newfoundland

Vancouver-based Crosshair Exploration & Mining (CXX-V) has intersected significant gold at its Wing’s Point-Titan prospect, 40 km north of Gander, Nfld.



Gold Fields Mineral Services

Global hedge books trimmed for fourth consecutive Q

Vancouver — Approximately 3.9 million oz. were trimmed from gold producers’ hedge books in the 3-month period ended June 30, marking the fourth consecutive quarter in which the global hedge book moved away from hedging.



Hybrid cars and cobalt

Improvements in hybrid-electric vehicle technology are expected to boost demand for cobalt-based batteries. This newly emerging demand, combined with increases in cobalt use for other types of rechargeable batteries, turbine engines and gas-to-liq…


Teck seeks dismissal in Lake Roosevelt lawsuit

An Aboriginal group in northeastern Washington state has filed a suit to force the U.S. Environmental Protection Agency (EPA) to enforce an administrative order against Teck Cominco (TEK-T) that would declare Lake Roosevelt a Su…


New bid, same response (September 13, 2004)

Wheaton River Minerals (WRM-T) has told its shareholders to reject the renewed takeover offer from Coeur d’Alene Mines (CDE-N). The company also says any shares that have already been tendered should be withdr…



Government halts exploration in Eritrea

Vancouver — Several Canadian-based companies have been ordered to halt their exploration programs in Eritrea. According to a press release released by the companies collectively, the Eritrean Ministry of Mines gave no reason for ordering the work…


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