Spot Prices Tuesday, Jan. 13, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$424.50-3.50Silver$6.62 +0.34Platinum$868.00+18.00…
2004
Partners confirm El Aguila continuity
Having confirmed the continuity of a gold-siver zone, partners Gold Resource and Canyon Resources (CAU-X) are proceeding with a scoping study at their Aguila property in Mexico’s Oaxaca state.The pair…
Editorial Cartoon (January 19, 2004)
LME Warehouse Levels (January 19, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 12 (change from Jan. 5 in brackets):MetalStock(tonnes)ChangeAluminium1427525(+50…
Exchange Rates (January 19, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 13Jan. 12Jan. 9Jan. 8Jan. 7US$ in C$1.27291.27361.26921.2788…
Rubicon plans extensive drilling
Vancouver — Rubicon Minerals (RMX-T) is preparing for an aggressive drill campaign at its projects in Red Lake, Ont., and Newfoundland.The junior has advanced a total of 15 projects to the drill-read…
Cdn Zinc raises funds
Vancouver – Canadian Zinc (CZN-T) has increased the company’s capital and issued additional shares in a private placement.Subsequently, Canadian Zinc’s recent private-placement financing of $6 million…
Freeport redeems notes
Freeport-McMoRan Copper & Gold (FCX-N) has eliminated US$180 million in debt through the early conversion of senior notes.In mid-2001, the copper magnate issued US$603.75 million worth of senior conve…
Canarc extends New Polaris at depth
Vancouver — Deep drilling at Canarc Resource’s (CCM-T) New Polaris property near Atlin, B.C., has intersected high-grade gold veins at depth.The 3-hole, 5,121-ft. program was designed to test two dee…
Newmont raises Phoenix, inks JV
Ushering in the new year with a bang, Newmont Mining (NEM-N) has begun developing the Phoenix deposit ahead of schedule.Situated in north-central Nevada, Phoenix is now slated to begin production in 2…
Fifteen Years Ago / January 1989
Barrick expands GoldstrikeToronto-based American Barrick Resources is about to embark on one of the most ambitious mine development programs ever undertaken by a Canadian gold producer.Over the next f…
Calcatreu takes shape under Aquiline
Ingenerio Jacobacci, Argentina — Results from ongoing infill drilling have convinced Aquiline Resources (AQI-V) that it will soon outline more than 1 million oz. at its Calcatreu gold-silver project,…