Kinross updates Duquesne
Armed with 14 drill holes and re-assayed values from several old holes, Reddick Consulting has updated the inferred resource at Globex Mining’s (GMX-T) 50%-owned Duquesne West gold property in Duparqu…
News
New zone at Eagle River
Recent drilling by River Gold Mines (RIV-T) has identified a new zone of gold mineralization near the existing mine workings at the Eagle River mine, near Wawa, Ont.Drilling has delineated the western…
Daily Metal Prices (March 24, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 18March 17March 15March 14March 13Al Alloy144…
Coeur sets records
Last year was a banner one for Coeur d’Alene Mines, as the company set records for silver and gold production. Silver output rose 36% to 14.8 million ounces, produced at a cash cost of $2.89 per oz., …
Broad market, resource stocks march to US war beat
As war in Iraq drew nearer over the March 12-18 report period, financial speculators at home pushed the S&P-TSX composite index ever higher. After all was said and done, the bulls had raised the bench…
Alcoa inks smelter deal
Alcoa has signed a 40-year agreement with Landsvirkjun, Iceland’s national power company, to build a $1.1-billion aluminum smelter.The plant, which has a planned capacity of 322,000 metric tons per ye…
Goldcorp CEO urges PM to support US attack
In a public letter to Prime Minister Jean Chrtien, Rob McEwen, chairman of Goldcorp (G-T), says Canada should be more involved in the effort to remove Iraqi dictator Saddam Hussein.The letter, copied…
Mindoro bullish at Lobo project (March 24, 2003)
Trenching on the Lobo project in the Philippines has returned encouraging gold values for Mindoro Resources (MIO-V).The program focused on the SW Breccia (SWB) zone, in the southwestern portion of the…
Flat TVs depend on silver
The large-screen flat-panel-display (FPD) television sets featured in home entertainment showrooms rely on a new technology wholly dependent on silver.The FPD model has been on the market for four yea…
Ontario to spend $5m on Abitibi project
The Ontario government will contribute almost $5 million to a geoscience project designed to stimulate mineral exploration in the Timmins and Kirkland Lake areas.The “Discover Abitibi” project is a co…
NYSE GREATEST VALUE CHANGE (March 24, 2003)
VolumeCloseChangeRio Tinto*N14470081.862.56Phelps Dodge*N201070033.99…
Major Drilling posts loss
Major Drilling incurred a loss of $400,000 (or 2 per share) on revenue of $38.6 million for its fiscal third quarter, though that’s an improvement over the year-earlier loss of $4 million (37 per sh…