Freewest hits gold at Clarence
Vancouver — Freewest Resources Canada (FWR-V) has released encouraging results from its first 10 holes at the Murphy zone at the Clarence Stream gold project in New Brunswick.The gold zone is one of …
2002
Masuparia cuts intrusive at Greywacke
Vancouver — Drilling by Masuparia Gold (MPG-V) has resulted in the discovery of a host rock for gold mineralization at the North zone on the Greywacke property, 90 km northeast of La Ronge, Sask.Coll…
Anaconda squeezes Sherritt’s earnings (March 18, 2002)
Aussie laterite nickel miner Anaconda Nickel, engaged in talks with bond holders amid fears it may default on a US$420-million bond series, announced a large half-year loss that was echoed on the book…
Gold Funds (March 18, 2002)
Gold Funds as of March 7 2002Dundee Precious MetalsCentral FundNet Value$18.12$5.62Price$13.40$5.76…
Camorra results cap good year for Hecla
Exploration drilling at the La Camorra mine in Bolivar state, Venezuela, suggests Hecla Mining (HL-N) may find additional high-grade resources at depth.A deep drill hole and a hole wedged off from it …
BHP options Alberta diamond project
After staking a 7,200-sq.-km land package in northern Alberta last year, the Canadian diamond division of BHP Billiton (BHP-N) has acquired an option on two key properties held by Buffalo Diamonds (YB…
Greek bombshell sinks TVX (March 18, 2002)
Massive writedowns eroded an otherwise profitable year for TVX Gold (TVX-T).The gold miner lost US$227.9 million (or US$1.24 per share) in 2001 on revenue of US$158.3 million, compared with earnings o…
MOST ACTIVE ISSUES, MARCH 6-12
ExchgVol(000s)HighLowCloseChangeNewmont Mng*N1956925.4322.8024.21-0.34…
Solitario cuts PGMs at Pedra Branca
Vancouver — Denver-based Solitario Resources (SLR-T) has intersected new platinum-palladium mineralization at its Santa Amaro and Cedro 1 prospects at the Pedra Branca project in Brazil.Solitario’s S…
GREATEST VALUE TRADED, MARCH 6-12
ExchgVal($000s)HighLowCloseChangeAlcoa*N71720639.7537.7838.92+0.49…
Mergers affected ’01 gold price
Several factors combined to make 2001 a difficult year for gold, according to CPM Group. Chief among these were contracting trading volumes in the futures and dealer markets, and consolidation and mer…
Daily Metal Prices (March 18, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 12March 11March 8March 7March 6Aluminium…