Trading Summary (March 15, 2004)
Toronto markets tanked on Monday, with the S&P-TSX Composite index falling 157.63 points to 8,434.41, a loss of 1.8…
2004
South Africans bid for South Pacific exposure (March 15, 2004)
South African gold producers Harmony Gold (HMY-N) and Durban Roodepoort Deep (DROOY-Q) have both issued bids for Pa…
Anglo American finalizes deal for Man project
Vancouver — Anglo American Exploration, a wholly owned indirect subsidiary of Anglo American (AAUK-N) has complete…
Canyon posts loss for 2003
Colorado-based Canyon Resources (CAU-A) posted a net loss of US$10 million on revenue of US$13 million for 2003, based on sales of 37,506 oz. gold and 13,943 oz. silver from the Briggs mine in Califor…
Seabridge aims to expand Courageous Lake project
Summer drilling by Seabridge Gold (SEA-V) will test four main targets identified last year at the Courageous Lake project in the Northwest Territories.The company’s wholly owned project covers 53 km o…
Amera aims drills at Mogote deposit
A first phase of drilling is under way at the Mogote copper-gold project in Argentina’s San Juan province. Amera Resources (AMS-V), which holds rights to earn a 51% interest in Mogote from IMA Explora…
Daily Metal Prices (March 15, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 9March 8March 5March 4March 3Al Alloy1550/158…
Exchange Rates (March 15, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 9March 8March 5March 4March 3US$ in C$1.31901.32291.31861.3…
Drill results excite junior market
It was a good five trading days for the venture capital market, as the S&P TSX Venture composite index finished the reporting period March 3-9 with a 25.81-point gain, closing at 1,924.90.Intrepid Min…
Gold recovers as uranium miners heat up
The Toronto Stock Exchange’s gold index rode a climbing gold price 8.34 points higher to finish at 218.13 points during the March 3-9 report period. The yellow metal regained lost ground, and then som…
Chinese foil industry
Enormous investment in the Chinese aluminum foil industry could change the face of the global foil market for many years to come. Chinese demand is forecast to grow by 11.1% per year from 2004 through…
Inca Pacific goes it alone at Magistral
As a result of paying US$2.1 million to a former partner, Inca Pacific Resources (IP-V) is now sole owner of the Magistral copper-molybdenum project in Ancash, Peru.The Vancouver-based junior intends …