Spot Prices Wednesday May 21, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$364.90+16.00Silver$4.74-0.08Platinum$680.00+18.00…
News
Breakwater breaks even in Q1
Higher prices for gold, silver and copper helped offset lower production for Breakwater Resources (BWR-T) in the first quarter.The company earned $69,000 (or nil per share), compared with a loss of $3…
Northgate sees red in first quarter
Vancouver — Lower production resulting from a high stripping ratio at the Kemess mine in north-central British Columbia contributed to a first-quarter loss for Northgate Exploration (NGX-T).The compa…
Fronteer hunts for IOCG deposits
Vancouver — In addition to its foray into the Red Lake-Birch Uchi Belt, Fronteer Development Group (FRG-V) has assembled large land positions in the Bear province of the Northwest Territories and the…
Alamos Gold advances Estrella
Vancouver — In the late 1990s, Placer Dome (PDG-T) and partner Kennecott Minerals tabled a feasibility study that indicated only a marginal return on the Mulatos gold project. Today, newly minted Ala…
Great Basin active in South Africa
Hunter-Dickinson-led Great Basin Gold (GBG-V) has tabled a new measured resource estimate for the Southeast zone of Area 1 on the northwestern portion of the Burnstone gold property, 80 km southeast o…
Almaden, BHP Billiton kick-start JV
Junior Almaden Minerals (AMM-T) has staked two gold properties in Mexico’s southern state of Oxaca as part of a joint venture with BHP Billiton (BHP-N).Under terms of the deal, inked a year ago, each …
Silver Standard drills Bowdens
Vancouver — Silver Standard Resources (SSO-V) is encouraged by further results from infill drilling at its wholly owned Bowdens project, in New South Wales, Australia.The results are part of a recent…
Geomaque cuts high grade at Tasiast
Some 20,000 metres of reverse-circulation infill drilling have allowed Geomaque Explorations (GEO-T) to revise its estimate of the resource at the Tasiast gold project in Mauritania, West Africa.The i…
Miramar expands Suluk zone at Hope Bay
Vancouver — The latest results have prompted Miramar Mining (MAE-T) to drill an additional 8,200 metres in the Madrid area on the Hope Bay gold property in Nunavut.President Anthony Walsh says the Su…
Junior market continues to climb
Vancouver — Canada’s junior exchange gained some steam during the week ended May 20. The S&P-TSX Venture Exchange composite index tacked on 10.56 points, or 0.96% of its value, to close at 1,078.96.S…
Broad market crawls ahead, gold rallies
The Toronto Stock Exchange composite index began the holiday-shortened May 26-June 1 report period on an uptick, then moved sideways. By the period’s end, it had risen 29.2 points to settle at 6,732.1…