Gold stocks lose out as bullion price dips
Vancouver — Canada’s junior exchange felt the impact of a plunging bullion price during the week ended June 24. The S&P-TSX Venture Exchange composite index lost 15.39 points, or 1.37% of its value, …
News
Laurentian to offer PhD
Laurentian University in Sudbury, Ont., will offer students a PhD program in mineral deposits and Precambrian geology. The new program is the first doctorate degree offered there.The Department of Ear…
McWatters trims production estimate
Lower-than-expected-grades at its Sigma-Lamaque open-pit operation in Val d’Or, Que., have McWatters Mining (MWA-T) looking to raise up to $7 million to remove troublesome waste.A syndicate, led by Du…
Queenstake bankrolls Jerritt Canyon
Vancouver — A brokered private placement financing worth $21 million will allow Queenstake Resources (QRL-T) to acquire the Jerritt Canyon gold mine in Nevada’s Elko Cty.Regulators have yet to approv…
Tournigan expands drilling in Northern Ireland
Vancouver — Tournigan Gold (TVC-V) has added a second diamond drill rig to its Tyrone project in Northern Ireland.The main target on the 346-sq.-km property is the Curraghinalt deposit, though severa…
Daily Metal Prices (June 30, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 24June 23June 20June 19June 18Al Alloy1342/135…
US markets have tough week
If the U.S. equity markets were indeed beginning a bullish phase, then the trading period June 18-24 was another slide down the wall of worry. The Dow Jones industrial average gave back 213.17 points,…
ASIO alleges plot to kill Gutnick
During a raid on a suspected terrorist cell, Australia’s Security Intelligence Organisation unearthed an aborted plot by al-Qaeda to kill Jewish mining magnate Joseph Gutnick.The raid uncovered maps, …
Golds slump as base metals follow suit
The Toronto Stock Exchange’s composite index lost 114.61 points, or 1.6% of its value, during the June 18-24 report period, largely as a result of the weaker gold price. The yellow metal lost US$11.50…
Silver protects swimmers
Inadequate cleaning and safety procedures at public swimming pools could be exposing millions of people to harmful bacteria that cause diarrhea and other illnesses, according to a report by the U.S. g…
People (June 30, 2003)
Ariane — Leanne Baker appointed to board of directors.BacTech — Brad Marchant appointed CEO.Bishop — Arthur Fisher appointed manager of resource development.Brett…
PFN cuts more PGMs at River Valley
Vancouver — Pacific North West Capital (PFN-T) has released encouraging values from its sixth-phase drill program at the River Valley project, near Sudbury, Ont.One of two rigs is testing the Dana La…