Ashanti bidders rebound
Mid-tier producer Randgold Resources made headlines during the week ending Aug. 12 by topping AngloGold’s bid for Ashanti Goldfields by about US$100 million. Randgold is offering one of its own…
News
Financings the fashion on TSX
The Toronto Stock Exchange composite index regained lost ground, and then some, ending the Aug. 6-12 report period 214.96 points higher at 7,354.02.The surge was powered by gold, which jumped US$8.10 …
Goldbrook expands in Ungava region
Vancouver — Junior Goldbrook Ventures (GBK-V) has added ground to its promising portfolio of projects in the Ungava region of Quebec.The Michael Magrum-led company inked two deals, one with Inlet Res…
Diamonds deliver for London’s Rio Tinto
The diamond group of Rio Tinto (RTP-N) performed strongly in the first half of 2003, driven by higher prices and the selloff from inventories that had built up at the Argyle operation in the latter pa…
Canadian Stock Exchange Indices (August 18, 2003)
DateAug. 12Aug. 11Aug. 8Aug. 7Aug. 6HighLowTSX Composite7354.027251.967317.817180.27…
Infill drilling positive at Meadowbank (August 18, 2003)
Cumberland Resources (CBD-T) has finished the first phase of infill drilling at the Vault and Portage gold deposits, part of the Meadowbank property in Nunavut, and the results confirm earlier resourc…
Monterrico puts number on Henry’s Hill
London-listed Monterrico Metals has received its first independent resource estimate for the Henry’s Hill copper deposit, part of the Rio Blanco project in northern Peru.The estimate, by Snowden Minin…
Metallic finds new shoot at Esmeralda
Drilling at the Esmeralda gold propery in southwestern Nevada has revealed a new high-grade mineralized shoot in the Prospectus vein structure.The 8-hole array, part of an underground exploration prog…
Obituary: Robert William Boyle
Robert William Boyle, a renowned geochemist, author, lecturer, and member of the Canadian Mining Hall of Fame, has died. He was 83.Boyle was born on a farm near Wallaceburg, a small town in southweste…
Castleworth drills Pan gold project
Vancouver — The first drill results from an ongoing program indicate an expansion of the resource at the Pan gold project in Nevada.Castleworth Ventures (WTH-V) has intersected encouraging values in …
PNWC bullish at River Valley
Vancouver — Harry Barr-led Pacific North West Capital (PFN-T) has tabled further encouraging drill results from its River Valley platinum group metal property, 60 km northeast of Sudbury, Ont.The pro…
Exchange Rates (August 18, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 12Aug. 11Aug. 8Aug. 7Aug. 6US$ in C$1.38521.38351.39351.3932…