Kinross updates Duquesne
Armed with 14 drill holes and re-assayed values from several old holes, Reddick Consulting has updated the inferred resource at Globex Mining’s (GMX-T) 50%-owned Duquesne West gold property in Duparqu…
2003
Major Drilling posts loss
Major Drilling incurred a loss of $400,000 (or 2 per share) on revenue of $38.6 million for its fiscal third quarter, though that’s an improvement over the year-earlier loss of $4 million (37 per sh…
New zone at Eagle River
Recent drilling by River Gold Mines (RIV-T) has identified a new zone of gold mineralization near the existing mine workings at the Eagle River mine, near Wawa, Ont.Drilling has delineated the western…
Daily Metal Prices (March 24, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 18March 17March 15March 14March 13Al Alloy144…
NYSE GREATEST PERCENTAGE CHANGE (March 24, 2003)
Exchg Vol(000s) High Low Close % ChgPechiney*N8013.8012.6013.76+12.33…
Coeur sets records
Last year was a banner one for Coeur d’Alene Mines, as the company set records for silver and gold production. Silver output rose 36% to 14.8 million ounces, produced at a cash cost of $2.89 per oz., …
Broad market, resource stocks march to US war beat
As war in Iraq drew nearer over the March 12-18 report period, financial speculators at home pushed the S&P-TSX composite index ever higher. After all was said and done, the bulls had raised the bench…
TSX-V MOST ACTIVE ISSUES (March 24, 2003)
ExchgVol(000s) High Low Close ChangeDoublestar ResV16910.570.460.57+0.10…
People (March 24, 2003)
Alcan — Denis Desautels and Milton Wong selected as candidates for election to board of directors.Alcoa — Mohammad Zaidi appointed chief technical officer.Arch Coal — Bennett Hatfield…
NYSE MOST ACTIVE ISSUES (March 24, 2003)
ExchgVol(000s) High Low Close ChangeAlcoa*N991221.2919.8021.14+1.26…
Lending Rates (March 24, 2003)
as of 4 pm ET, Mar. 18, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.27LIBOR US$ 6-month1.24LIBOR US$ 1-year1.36Gold lease 3-…
Alcoa inks smelter deal
Alcoa has signed a 40-year agreement with Landsvirkjun, Iceland’s national power company, to build a $1.1-billion aluminum smelter.The plant, which has a planned capacity of 322,000 metric tons per ye…