Miramar ends 2002 in the black
Vancouver For over 60 years the Con and Giant gold mines near Yellowknife have dutifully produced gold. However,…
2003
Inco to redeem convertible preferreds, debentures
Inco (N-T is set to spend US$665 million exercising its right to redeem, on May 1, 2003, all of its outstanding 5.5…
Daily Metal Prices (March 31, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 25March 24March 21March 20March 19Al Alloy148…
Investors skittish about junior market
Vancouver — Investors continued their junior-exchange exodus over the week ended March 25. The S&P-TSX Venture Exchange composite index shed 19.80 points, or 1.86%, and closed at 1,042.2.Spider Resou…
Miners passed by in broad advance
The five trading days March 19-25 saw a modest advance by the U.S. stock markets, but gold and base metal equities were left out. Both major indices rose about 1%; the Dow Jones Industrial Average add…
Broad market sinks on fears of Iraqi quagmire
With the war in Iraq failing to shape up as the cake-walk many were predicting, the S&P-TSX composite index retreated 68.5 points to end the March 17-25 report period at 6,385.Gold performed about as …
NYSE GREATEST PERCENTAGE CHANGE (March 31, 2003)
ExchgVol(000s)HighLowClose%ChangeOM Group*N380410.298.689.50+9.83…
Penasquito resource updated
Vancouver — Western Silver Corp. (WTC-T), formerly known as Western Copper Holdings, has announced a revised resource estimate for the Chile Colorado zone Mexico’s Zacatecas state. The zone is part o…
APAC busy in Patagonia
Vancouver — Patagonia Gold has begun a 5,500-metre, 24-hole drill program at the Cuya low-sulphidation epithermal gold property in the Argentina’s Rio Negro province.The project is a joint-venture be…
River Valley PGM deposit shows continuity
Pacific North West Capital (PFN-V) has tabled the first batch of assays from a 40,000-metre, $5.3-million drilling campaign at the River Valley platinum group metal (PGM) property, near Sudbury, Ont.T…
Pele peers into Cristal
Junior Pele Mountain Resources (GEM-V) has begun drill-testing the Cristal diamond showing at the Festival property, near Wawa, Ont.Earlier this year, Pele recovered a white, 0.72-carat gem-quality di…
Noranda confirms Magnola plant closure
Noranda (NRD-T) is closing its 80%-owned Magnola magnesium plant is in Danville, Que. The troubled plant will be idled for at least a year, possibly longer depending on magnesium prices.Layoffs will b…