Northern Dynasty expands Pebble
Resources at Northern Dynasty Minerals’ () Pebble gold-copper project, 380 km southwest of Anchorage, Alaska, have swelled following 19,948 metres of drilling in 59 holes.Norwest Corp., an independent…
2004
Mustang drills nickel
Vancouver — Drilling by Mustang Minerals (MUM-V) has resulted in the discovery of nickel mineralization at the Bannockburn project, 100 km southeast of Timmins, Ont.Nine drill holes tested 120 metres…
People (February 02, 2004)
Alcan — Michael Hanely appointed president and CEO of Alcan Bauxite and Alumina; Michel Jacques appointed president and CEO of Alcan engineered products; Christel Bories appointed president and CEO o…
Gold dips, producers trip, yet again
No thanks to resource issues, the S&P-TSX composite index slipped 35.47 points over the Jan. 21-27 report period, finishing the week at 8,588.15.Precious metals had a generally bad week, and so it was…
Endeavour to aquire silver-gold mine
Vancouver — Endeavour Gold () has inked a deal to acquire a full interest in the producing Santa Cruz silver-gold mine and Guanacevi mineral processing plant in Mexico’s Durango state.The company can…
St. Jude cuts more gold at Benso (February 02, 2004)
Vancouver — St. Jude Resources () has released encouraging drill results from the Benso concession in Ghana, West Africa.Drilling on the G zone has determined that mineralization strikes for more tha…
When stars line up
More commentators are saying out loud what was only safe to whisper a year ago: that commodity markets seem to have turned the corner, and that renewed economic growth may sustain a bull market for se…
Aquiline explores Argentine project
Aquiline Resources () is receiving encouraging drill results from the Calcatreu gold-silver project in Argentina’s Rio Negro province.The latest batch of nine angled (minus 55) holes collared on the …
Spot Prices Tuesday, Jan. 27, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$405.70-2.60Silver$6.24 -0.15Platinum$854.00-4.00…
Exchange Rates (February 02, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 27Jan. 26Jan. 23Jan. 22Jan. 21US$ in C$1.30491.31361.31191.2…
Stronger rand sinks DFI
Shares in marine diamond miner Diamond Fields International (DFI-T) dove 15, or 25%, to 45 in early trading in Toronto on Jan. 26 after the company said it had suspended mining operations off the co…
LME Warehouse Levels (February 02, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 26 (change from Jan. 19 in brackets):MetalStock(tonnes)ChangeAluminium1451950(+1…