Richmont buys into Patricia
Small gold producer Richmont Mines (RIC-T) is investing $1 million in Toronto-based junior Patricia Mining (PAT-V) in order to help the latter advance its wholly owned Island Gold project, near Wawa, …
News
People (August 11, 2003)
Alcoa — Rudolph Huber appointed VP Alcoa Global Businesses and chief information officer.Atrix Labs — Mark Wallace appointed CFO.Desert Mining — Gabriel Holt appointed to board and as…
De Beers boasts strong first half
Although the De Beers name is inevitably associated with polished diamonds and diamond jewelry, its core business remains the exploration for, and mining and marketing of, rough diamond gems.In 2002, …
Chinese demand buoys aluminum market
(The following excerpt from The Commodity Refiner, a monthly publication of Barclays Capital Research, provides an overview of the current aluminum market.)Primary aluminum prices continue to perform …
Spot Prices Wednesday August 6, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$352.65-6.45Silver$4.93-0.17Platinum$684.00-9.00P…
Daily Metal Prices (August 11, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug. 5Aug. 4Aug. 1July 31July 30Al Alloy1365/1370…
Canada’s junior exchange continues run
Vancouver — Canada’s junior exchange continued its bull run as select resource stocks rallied over the week ended Aug. 5. The S&P-TSX Venture Exchange composite index added 22.73 points, or 1.9% of v…
Trading Summary (August 08, 2003)
The Toronto Stock Exchange advanced again on Friday, as the TSX Composite index rose 71.69 points to close at 7,251…
Metallic picks up new shoot at Esmeralda
Underground drilling at the Esmeralda gold propery in southwestern Nevada has revealed a new high-grade mineralized…
Randgold Resources takes run at Ashanti (August 08, 2003)
Mid-tier producer Randgold Resources (GOLD-Q) has made the proposed merger between Ashanti Goldfields (ASL-N) and A…
Gold Fields takes out Arctic Platinum (August 08, 2003)
Vancouver — South Africa’s third largest gold producer has exercised its right to acquire Outokumpu’s 49% stake in…
Lupin on the ropes
A particularly bad quarter for Kinross Gold’s (K-T) Lupin gold mine in remote western Nunavut, 400 km northeast of…