Diamond definition won’t change: Bureau
A proposed change to the trade definition of Canadian diamonds, aimed at fostering a fledgling diamond cutting and polishing industry in the Northwest Territories, is dead in the water.The document, c…
News
First Quantum raises funds (March 31, 2003)
First Quantum Minerals (FM-T) has inked a financing deal with a private equity fund to raise up to US$35 million.Subject to the usual conditions, AIG African Infrastructure Fund will purchase 4 millio…
Consumer Gold Demand in Key Countries
Tonnes20012002% change01.Q402.Q4% changeIndia726.7575.7-20.8156.2193.523.8…
Meridian hammered by local Esquel vote
Locals living near Meridian Gold’s (MNG-T) Esquel gold project in southern Argentina have voted overwhelmingly against its development.The Esquel project is 10 km northeast of the city of the same nam…
PGM Ltd. keeps faith at Towle Lake
Vancouver — Drill results from Platinum Group Metals’ (PTM-T) Lac des les project, near Thunder Bay, Ont., confirm the presence of platinum group metal mineralization in the Towle Lake intrusion.At …
Gold demand down in Middle East
Physical demand for gold across the Middle East has been hampered by the high gold price, economic difficulties and war. Meanwhile, scrap gold continues to be generated on a major scale, particularly …
TSX GREATEST VALUE CHANGE (March 31, 2003)
VolumeCloseChangePotash Cp SaskT49329894.411.28Sudbury Cont MT1887003.40…
NYSE GREATEST PERCENTAGE CHANGE (March 31, 2003)
ExchgVol(000s)HighLowClose%ChangeOM Group*N380410.298.689.50+9.83…
Penasquito resource updated
Vancouver — Western Silver Corp. (WTC-T), formerly known as Western Copper Holdings, has announced a revised resource estimate for the Chile Colorado zone Mexico’s Zacatecas state. The zone is part o…
APAC busy in Patagonia
Vancouver — Patagonia Gold has begun a 5,500-metre, 24-hole drill program at the Cuya low-sulphidation epithermal gold property in the Argentina’s Rio Negro province.The project is a joint-venture be…
River Valley PGM deposit shows continuity
Pacific North West Capital (PFN-V) has tabled the first batch of assays from a 40,000-metre, $5.3-million drilling campaign at the River Valley platinum group metal (PGM) property, near Sudbury, Ont.T…
Pele peers into Cristal
Junior Pele Mountain Resources (GEM-V) has begun drill-testing the Cristal diamond showing at the Festival property, near Wawa, Ont.Earlier this year, Pele recovered a white, 0.72-carat gem-quality di…