Trading Summary (September 29, 2003)
The technology stocks helped the Toronto Stock Exchange pull out of last week’s power dive to tack on 12.54 points…
2003
Far West banks on Chilean results
Proceeds from a private placement are enabling Far West Mining (FWM-V) to resume its search for iron-oxide copper-gold deposits in the prospective Candelaria belt of northern Chile.In late July, Far W…
LME Warehouse Levels (September 29, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 23 (change from Sept. 16 in brackets):MetalStock(tonnes)ChangeAluminium1362550(…
Defiance boosts Tasiast
With about 28,000 metres worth of reverse-circulation (RC) and core drilling under its belt, Defiance Mining (DM-T) has tabled an updated resource figure for its Tasiast gold project, 170 km east of t…
Copper miners eye higher prices (September 29, 2003)
Vancouver — After years of cutting back production because of low prices, the world’s largest copper miners are optimistic the market for the red metal will improve in 2004.Phelps Dodge (PD-N) expect…
Daily Metal Prices (September 29, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 23Sept. 22Sept. 19Sept. 18Sept. 17Al Alloy140…
Miners picket Denver forum
Roughly 100 miners at the Newmont gold mine in Nevada travelled 1,000 km to Denver, Colo., in mid-September to protest being without a contract for more than a year.The miners picketed outside the Wes…
Barrick re-shuffles management deck
The gold companies took centre-stage during the report period ended Sept. 23, as the yellow metal resumed its bull run by lunging forward $12.35, or 3.3%, to US$385.25 per oz., pulling the S&P-TSX Gol…
Malartic Sud drilling delivers goods at Croinor (September 29, 2003)
An 81-hole drilling program by South-Malartic Exploration (MSU-V) is expanding the known mineralization at the Croinor gold deposit in northwestern Quebec.Drilling over a 680-metre strike length surro…
Bullion pushes venture exchange higher
Vancouver — Canada’s junior exchange was buoyed by the strength of bullion during the week ended Sept. 23. The S&P-TSX Venture Exchange composite index tacked on 21.1 points, or 1.54% of value, to cl…
Twenty Years Ago / October 1983
Gold at crossroadsThe gold market has moved to a new crossroads. Its unprecedented 8-month-long ability to hold above US$400 per oz. has been shattered.Erasing most technical support points, gold fell…
Correction (September 29, 2003)
In our story “Flow-through funds jump-start juniors” (T.N.M., Sept. 15/03), we said the permitted time period for exploration companies to spend flow-through funds ends in January 2004. That informati…