2004

Exchange Rates (May 03, 2004)

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)



Feds help fund NWT bridge

The federal government will contribute $3 million to the cost of building an all-weather bridge across the Mackenzie River at Fort Providence, N.W.T. Upon completion, in 2006, vehicles serving mines in the area will have to pay tolls.


Silver and the biocide market

The consensus among manufacturers of silver-based biocides is that architectural applications in North America and Northern Europe will be the main market in the near future.


Barrick trims hedge book, earnings (May 03, 2004)

Barrick Gold (abx-t) earned about 10% less in the recent first quarter than in the comparable period of 2003, as a US$10-million after-tax derivative loss offset higher gold prices and increased production.


Court OKs AngloGold-Ashanti merger

Ghana’s high court has approved the merger of Ashanti Goldfields (asl-n) and AngloGold (au-n), creating the world’s second-largest producer of the yellow metal, with annual output projected to exceed 6 million…



AngloGold Ashanti is born

The report period ending April 27 was marked by the long-awaited closing of the merger between AngloGold and Ashanti Goldfields. The new entity, named AngloGold Ashanti, ranks as the world’s…



Freeport resumes mining higher-grade ores

Accelerated removal of waste in the first quarter has allowed Freeport-McMoRan Copper & Gold (fcx-n) to resume mining higher-grade areas in the Grasberg open-pit mine in Papua, Indonesia.



Ring find in UK delights archeologists

The British Museum has reassembled a heavy gold necklace thought to belong to Queen Boudicca, a Celtic warrior of the Iceni tribe who led a revolt against invading Romans in the Iron Age.


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Date April 27 April 26 April 23 April 22 April 21
US$ in C$ 1.3518 1.3556 1.3611 1.3585