Ontario releases publication
The Ontario government has published Mineral Sector Profile, which is part of an overall effort attract mineral investment.The government hopes the publication will encourage the production of geologi…
2003
Metallica tops up treasury (March 17, 2003)
Metallica Resources (MR-T) has closed a $15-million private placement to help fund its purchase of the half-stake in the Cerro San Pedro gold deposit that it does not already own.The company agreed to…
Lending Rates (March 17, 2003)
as of 4 pm ET, Mar. 11, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.23LIBOR US$ 6-month1.18LIBOR US$ 1-year1.21Gold lease 3-…
MOST ACTIVE ISSUES, MARCH 5-11
ExchgVol(000s)HighLowCloseChangeNorthern OrionT236950.240.170.21+0.04…
Diamond Fields recovers more carats (March 17, 2003)
Diamond Fields International (DFI-T) has recovered an additional 4,800 carats of diamonds from the Marshall Fork deposit on the Luderitz diamond concession, off the shore of Namibia.Since resuming min…
Odyssey sizes up Altintepe in Turkey
Vancouver — The inferred mineral resource for the 2G zone on the Altintepe project in northeastern Turkey is estimated to be 3.2 million tonnes grading 1.52 grams gold per tonne.Operator Odyssey Reso…
Upbeat convention may not disappoint Recovery rates
The empties cleared away, the maps rolled back up, and the carpets steamed; so endeth the latest convention of the Prospectors & Developers Association of Canada.It’s been usual, over the past few yea…
Energy production = autonomy
The impact of mining operations on communities is usually extremely positive. When the mines are operating, they are a flurry of activity, and good-paying jobs are plentiful. But when metal prices sta…
Broad market slumps as gold see-saws
The Toronto Stock Exchange composite index surrendered another 99.2 points over the March 5-11 report period to finish the week at 6,290.7.Gold yo-yoed itself US$5.25 per oz. lower to a London afterno…
IMA reports grassroots silver find
A high-grade silver discovery in the Patagonia region of southern Argentina has IMA Exploration (IMR-V) making geological analogies between it and the Eskay Creek gold mine in northern British Columbi…
Pan Am Silver posts Q4 loss
Vancouver — A US$12.1-million charge against the operations of the Quiruvilca mine in Peru caused Pan American Silver (PAA-T) to spill red ink in the fourth quarter of 2002.The hit followed a US$15.1…
Corriente looks at smaller model (March 17, 2003)
Vancouver — An independent study gives the Mirador copper-gold deposit in southeastern Ecuador a pretax net present value of US$153 million, using a 20,000-tonne-per-day base case and a copper price …