2004
The Northern Miner Indices (May 10, 2004)
North American Mining: 97.24 (-0.49)…
Higher costs erode Placer Dome’s profits
Vancouver — Higher production costs, brought about by continued appreciation of foreign currencies against the U.S. dollar, trimmed
Editorial Cartoon (May 10, 2004)
Higher Metal Prices propel Teck Cominco
Vancouver — Record first-quarter earnings posted by Teck Cominco (TEK-T) were overshadowed by the company’s decision to halt development of the Pogo gold project in Alaska.
Inmet triples profits
Increased production of pricier copper and zinc enabled
Copper miners strike in Peru
About 1,350 workers at two mines operated by Southern Peru Copper, the country’s biggest copper miner, walked off the job for 48 hours in an effort to gain higher wages and an end to out-sourcing.
Fifty Years Ago / May 1954
Sherritt secures financing…
Bulk sampling bonanza at Batato (May 07, 2004)
Bulk sampling of the Tarale 1000 and Tarale 11 structures on Sur American Gold’s (SUR-V) Comval gold project, is re…
More high grade at Island Gold
Patricia Mining (PAT-V) has hit high-grade gold at depth on the Island project, 125 km southeast of Hemlo, Ont….
OntZinc cuts new zone at Balmat
OntZinc’s (OTZ-V) first exploration drill hole into the Northeast Fowler Trend has cut a 2.8-metre interval averagi…
Trading Summary (May 07, 2004)
Toronto’s gold stocks plummeted 9.97 points, or 5.3%, to end Friday’s trading session at 177.79, its lowest since l…