Reporter ‘misinformed’
I am writing in response to your article on the activities of a junior exploration company in Guatemala (T.N.M., Oct. 17/03) in which you make several wild and unsubstantiated assertions regarding Exp…
News
Goldfields sees profits shrink
Vancouver — Gold Fields (GFI-N) posted a 40% drop in profits between the 3-month period ended Sept. 30 and the previous quarter.The world’s fourth-largest bullion producer earned US$61 million in the…
From cook to crazy
The following is the second of three excerpts from Quin Kola: Tom Payne’s Search for Gold. The book is published by Crossfield Publishing in Okotoks, Alta. Copies are available for $25 at CSPG.org or …
World Bank urged to axe development program Plenty of paradoxes
The Commodity Curse people are at it again, this time in pressuring the World Bank and its associated agencies — the International Finance Corporation and the Multilateral Investment Guarantee Agency…
bcMetals banks $5m for Red Chris project
Vancouver — In the midst of an aggressive drill campaign at the historic Red Chris copper-gold project in northwestern British Columbia, bcMetals (C-V) has added $5.25 million to its coffers through …
Producer and Dealer Prices (November 10, 2003)
Antimony: Mid-mkt US$2,100/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$10.90-13.00/lb.Copper: Comex Dec. US$0.9575/lb.Indium: Indium Corp., ingot, US$225/kg.Irid…
Pan Am Silver sells stake in Tres Cruces
Vancouver — Pan American Silver (PAA-T) has accelerated a deal to sell its half-stake in the Tres Cruces gold project in Peru.New Oroperu Resources (ORO-V) is acquiring the interest, which will give …
Odyssey cuts mores oxides at Altintepe (November 10, 2003)
Drilling at the Altintepe property in north-central Turkey has resulted in the discovery of a gold-bearing oxide prospect for Odyssey Resources (ODX-V).Hole ATD-10, collared on Karakis Ridge, averaged…
Loss sends Agnico-Eagle shares into tailspin (November 10, 2003)
Shares in Agnico-Eagle Mines (AGE-T) lost about a fifth of their value after the mid-tier producer posted a third-quarter loss on the poor performance of its LaRonde gold-copper mine in Quebec.The com…
Wheaton concludes Los Filos acquisition
Wheaton River Minerals (WRM-T) has taken full control of the Los Filos gold project in Mexico’s Guerrero state, putting it on-track to increase annual gold-equivalent production by 40%.In late October…
Barrick rumbles as gold tumbles
Gold took a pounding over the Oct. 29-Nov. 4 report period, withering US$8.25 in overseas trading to settle at London morning fix of US$378.30 per oz. Silver also got smacked, losing US22 to finish a…
Boston deep drilling cuts gold
A deep drilling campaign at the Boston gold deposit of Miramar Mining (MAE-T) has shown that gold mineralization may persist to a depth of almost 1,400 metres.Two drill holes completed in late summer …