Trading Summary (October 27, 2003)
Toronto stocks jumped quickly on Monday morning and stayed aloft for the whole day, in active trading that saw the…
2003
Radius takes back Tambor stake
Vancouver – Radius Exploration (RDU-V) has regained sole ownership of the large Tambor gold project in Guatemala….
Nevada Pacific pulls higher grades from Buffalo Canyon
Preliminary surface sampling has turned up higher grades from a known gold showing at the Buffalo Canyon project in…
Linear takes on MIM projects (October 27, 2003)
Linear Resources (LRR-V) has closed its acquisition of Australian miner MIM’s Central American exploration projects…
Noranda makes cuts at Horne smelter
Determined to cut operating costs by up to $30 million, Noranda (NRD-T) is slashing production at its struggling Horne copper smelter in Rouyn-Noranda, Que.Under the plan, total feed volume to the sme…
Placer Dome tops up till
Vancouver — Looking to refinance costs associated with the recent acquisition of East African Gold Mines, Placer Dome (PDG-T) has added US$530 million to its till.The major issued US$300 million of u…
AngloGold boosts Ashanti bid (October 27, 2003)
AngloGold (AU-N) has bumped its all-share offer for Ghanaian-based Ashanti Goldfields (ASL-N) by 11.5%.The world’s third-largest gold producer is now offering 0.29 of an AngloGold share for each share…
Gold rallies as Barrick breaks the mold
Gold roared back to life in the Oct. 15-21 report period, rising US$4 to a London morning fix of US$374.80 per oz. Silver also shone, rising US6 over the five trading days to finish at US$5 per oz.Ba…
Lateegra cuts gold at Del Norte, Clone
Vancouver — Lateegra Resources (LEG-V) is pleased with initial results from drilling at its Clone and Del Norte properties, 20 km southeast of Stewart, B.C.Del Norte, which Lateegra shares with Teuto…
Slippage causes deaths at Grasberg
Vancouver — A slippage accident at the Grasberg copper-gold mine in Indonesia has caused the deaths of eight workers.In the second fatal accident at the mine in three years, two workers were killed, …
Copper issues lead the way on junior exchange
Vancouver — Canada’s junior exchange finished the trading week ended October 21st on a strong note, with investors eyeing juniors with exposure to the copper market. The S&P-TSX Venture Exchange comp…
Knight, Anglo report high grades in Ungava
The Raglan area in the Ungava Peninsula region of northern Quebec is emerging as a highly prospective nickel camp in light of discoveries by Canadian Royalties (CZZ-V) and, more recently, Anglo Americ…