TSE finds footing before closing bell
Despite some teeter-tottering, and no thanks to the golds, the Toronto Stock Exchange composite index ended the Sept. 10-16 period 28.98 points ahead at 7,625.37.Precious metal prices were down across…
Placer Dome Inc
Placer eyes Newfoundland
A recently inked deal between Rubicon Minerals (RMX-V) and Placer Dome (PDG-T) allows the major to earn up to a 70% interest in the former’s Golden Promise gold project in north-central Newfoundland.T…
Annual Aussie talkfest starts with a bang
Kalgoorlie, Australia — While the August weather may have been chilly, the kick-off of the 11th annual Diggers & Dealers mining conference in Western Australia provided some heat for the record 1,200…
De-hedging accelerates
Against a backdrop of higher gold prices and lower interest rates, the global gold hedge book saw 5.2 million oz. trimmed from its pages during the three months ended June 30, helping to underpin the …
Metal price rally sends producers higher
A rally in metal prices pushed both gold and base metal producers to higher ground over the holiday-shortened Aug. 27-Sept. 2 report period. The Toronto Stock Exchange gold subgroup tacked on 5.38 poi…
Goldcorp joins Metalcorp at Black Bear
Goldcorp (G-T) has agreed to take up to a 70% interest in Metalcorp’s (MTC-V) 4.3-sq.-km Black Bear property covering the northeast extension of the East Bay deformation zone in the Red Lake gold camp…
Broad market slips as gold miners rise
The Standard & Poor’s/TSX composite index began the Aug. 20-26 report period on a high note, only to succumb to bearish mentality by its close. The result was a value reduction of 32.09 points, as the…
Bulls charge, gold bugs fly higher
The “Blackout of 2003” failed to darken the mood of investors, who pushed the Toronto Stock Exchange composite index 128.80 points higher over the Aug. 13-19 report period. The benchmark finished at 7…
Rock Creek shaping up for NovaGold (August 18, 2003)
Vancouver — NovaGold Resources (NRI-T) has tabled a positive scoping study of the Rock Creek project, near Nome, Alaska.Early this year, NovaGold accelerated its evaluation of the project after Place…
Financings the fashion on TSX
The Toronto Stock Exchange composite index regained lost ground, and then some, ending the Aug. 6-12 report period 214.96 points higher at 7,354.02.The surge was powered by gold, which jumped US$8.10 …
Goldcorp juggernaut keeps on rolling
Goldcorp (G-T) enjoyed another strong quarter, thanks to higher gold prices and the exceptional quality of the Red Lake mine in northwestern Ontario.Second-quarter earnings jumped 11% to US$17.8 milli…
Extra items bolster Placer Dome’s earnings
Vancouver — Extraordinary items propelled Placer Dome (PDG-T) to a US$66-million (US16-per- share) profit for the second quarter of 2003.The surging profit included a US$16-million derivative gain a…