2004

Fed raises rates

The June 29-July 5 trading period was quiet, owing to the July 4th celebrations, which closed the markets on Monday, July 5. The Dow Jones industrial average dropped 74.26 points to 10,282.38 while the S&P 500 index slipped 7.97 points to 1,125.38…




Canadian Stock Exchange Indices (July 12, 2004)


Juniors struggle as gold falls below US$400

The gold price moved below US$400 per oz. and toward the US$390-per-oz. level near the end of the holiday-shortened June 29-July 6 period, closing at US$394.50 in New York. The TSX Venture Exchange composite index closed down slightly, losing 11 p…



Revisiting the bull market

The price performance of most of the base metals has been impressive so far this year, at least from a producer’s perspective. All metals made new highs for this cycle despite the rebound in the U.S. dollar. However, the recent correction that mos…


BLM raises claims fees

The U.S. Bureau of Land Management (BLM) is increasing mining claim fees, which by law must be adjusted for inflation based on the U.S. Consumer Price Index.


New deal at Stillwater (July 12, 2004)

A tentative labour agreement has been reached, ending three months of collective bargaining by representatives of Stillwater Mining and the Local 8-0001, a unit of the Paper, Allied Industrial, Chemical and Energy Workers (PACE) International unio…


Golds lose steam during holiday week

The report period June 29-July 6 saw reduced activity caused by Canada Day and, south of the border, Independence Day. Gold closed down $9.75 to finish at US$394.50 per oz. in the afternoon of July 6 in London. The gold index was down by 0.04 poin…



TSX adds mining companies, clout

Healthy metal prices lured 19 mining companies to list on the Toronto Stock Exchange in the first half of 2004, adding $2.3 billion (US$1.7 billion) to a bourse already rich in resource companies.


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close