Teck Cominco declares force majeure at Trail
Teck Cominco (TEK-T) has declared force majeure on deliveries of refined lead from its Trail smelter in southeastern British Columbia.An explosion inside the Kivcet lead furnace at Trail caused extens…
2004
Western Keltic acquires Kutcho Creek in BC
Western Keltic Mines (WKM-V) will perform exploration drilling on its newly acquired Kutcho Creek project in northern British Columbia.The Kutcho Creek volcanogenic massive-sulphide deposit is one of …
Azure active at Meguma
Vancouver-based Azure Resources (AZR-V) is underground on the Mooseland project, 70 km north of Halifax, where it recently took a bulk sample of more than 2,000 tonnes from the Irving, Little North an…
High River strengthens bonds with Jilbey in Burkina Faso
A proposed deal would see Jilbey Gold Exploration (JLB-V) become the exploration arm of High River Gold Mines (HRG-T) in Burkina Faso.Under the deal, High River would transfer all its exploration prop…
Exchange Rates (March 08, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 2March 1Feb. 27Feb. 26Feb. 25US$ in C$1.34311.33911.34011.3…
Canadian Stock Exchange Indices (March 08, 2004)
DateMarch 2March 1Feb. 27Feb. 26Feb. 25HighLowTSX Composite8808.00…
First Associates’ Poirier favours Glencairn
The following is the first in a series of articles concerned with the stock picks of a select group of mining analysts and newsletter writers who follow the junior retail mining sector closely. This w…
Hard to kill
“Prospectors foregathered to the number of about 150 in Toronto on Tuesday to form an association and to formally protest against the passage of the proposed Engineers Act. Organization was quickly pe…
Editorial Cartoon (March 08, 2004)
American Gold gains Metates
Vancouver-based American Gold Capital (AAU-V) has acquired the Metates gold-silver project in the Mexican state of Durango.The company issued 12 million shares for the acquisition, as required under t…
Fronteer raises $6m for exploration
Vancouver — Fronteer Development Group (FRG-T) intends to raise $6 million through a private-placement financing, with most of the proceeds earmarked for exploration in Labrador and Red Lake. The fin…
BHP Billiton inks Chinese steel deal
Anglo-Australian giant BHP Billiton (BHP-N) has signed a US$9-billion deal to ship some 12 million tonnes of iron ore annually to four of China’s top steel mills.The 25-year deal is BHP’s largest-ever…