Cross Lake drills QR
An induced polarization survey has outlined what may be a new gold zone at the QR Mine property in British Columbia, reports Cross Lake Minerals (CRN-T).The anomaly, situated 400 metres east of the Ma…
News
Minco drills Gobi project (September 08, 2003)
Vancouver — Minco Mining and Metals (MMM-V) recently kicked off a drill program on its Gobi gold project and continues to explore its BYC project in China.At the Gobi gold project in Inner Mongolia, …
QGX soars in Mongolia (September 08, 2003)
Shares in junior gold explorer QGX (QGX-V) rocketed to an all-time high following the latest batch of exploration results from its Golden Hills prospect in western Mongolia.Hole CVZ-40, collared on th…
Daily Metal Prices (September 08, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 2Sept. 1Aug. 29Aug. 28Aug. 27Al Alloy1420/142…
Norilsk buys more Stillwater
Russia’s Norilsk Nickel gave the final results of its US$32.6-million offer to buy up to 4.35 million shares (5%) of its 51%-owned subsidiary Stillwater Mining for $7.50 apiece, in cash. When the offe…
Gold: Supply and demand in Q2
Global demand for gold rose by just over 5% year-on-year in the second quarter of this year, with the greatest change coming in near-record levels of producer de-hedging, according to a report by anal…
Trading Summary (September 05, 2003)
The Toronto Stock Exchange ended the holiday-shortened week with a 17.65-point gain to end at 7,6121.5. The golds j…
Newmont picks Clover (September 05, 2003)
Vancouver Just days after granting Great Basin Gold (GBG-T) the right to earn a 70% stake in its Golden Cloud pro…
De-hedging accelerates in Q2
Against a backdrop of higher gold prices and lower interest rates, the global gold hedge book saw 5.2 million oz. t…
Trading Summary (September 04, 2003)
The S&P/TSX composite index edged 14.49 points higher to 7,594.85 on Thursday; the information technology sector le…
Wheaton River takes out Miranda (September 04, 2003)
Vancouver — Wheaton River Minerals (WRM-T) is continuing its strategy of growth through acquisition by inking deal…
JQA prospect shapes up for Canarc (September 04, 2003)
An eight-hole drilling program by Canarc Resource (CCM-T) at its Benzdorp property in east-central Surinam has defi…