Canadian Stock Exchange Indices (March 10, 2003)
DateMarch 4March 3Feb. 28Feb. 27Feb. 26HighLowTSX Compo…
News
Small is beautiful for Avalon
A new scoping study of Avalon Ventures’ (AVL-V) Separation Rapids lithium-silicate project in northwestern Ontario recommends construction of a mill only half as big as previously planned.The updated …
Kirkland suspends Macassa (March 10, 2003)
The failure of a pillar between an ore pass and shaft 3 has forced Kirkland Lake Gold (KGI-V) to suspend production at the Macassa mine, west of Kirkland Lake, Ont.A seismic event caused damage to a 6…
New budget threatens investment: MAC
The elimination of the resource allowance, announced by Finance Minister John Manley in his budget in mid-February, threatens mining investment in this country, according to the Mining Association of …
Securities session at PDAC
David Brown, chairman of the Ontario Securities Commission, will be among the speakers at a 3-hour session on securities regulations at the annual convention of the Prospectors & Developers Associatio…
First McAra holes find stringer sulphides
Three drill holes at the McAra property in the southern Abitibi belt in Ontario have intersected stringer-form pyrite and pyrrhotite.Owner Mustang Minerals (YMU-V) is testing a series of drill targets…
Amerigo prepares spring budget
Once the snow melts, Amerigo Resources (ARG-T) will renew its search for iron oxide copper-gold deposits in the Sault Ste. Marie region of northwestern Ontario.At the Coppercorp property, Amerigo will…
Goldcorp buys into Madison
Vancouver — Cash-rich Goldcorp (G-T) has taken a 6.9% equity stake in junior Madison Enterprises (MNP-V).Through a private-placement, the Red Lake gold producer purchased 5 million units of Madison a…
Daily Metal Prices (March 10, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 4March 3Feb. 28Feb. 27Feb. 26Al Alloy1450/139…
Base metals diverge, golds plunge deeper
The Toronto Stock Exchange composite index plunged 80.77 points over the Feb. 26-Mar. 4 report period to finish the week at 6,422.33.On March 5, gold settled at a London morning fix of US$354.50 per o…
Eldorado dusts off Ecstall’s Dusty Mac
Eldorado Gold (ELD-T) has a 30-day period in which to conduct technical and legal due diligence after entering into a letter of intent with Ecstall Mining (EAM-V) over the dormant Dusty Mac gold mine …
Barron’s mugs Royal Gold
An exceedingly negative story about Royal Gold in the March 1 edition of Barron’s knocked a painful $6 off the gold royalty company’s shares, which dipped below US$14 before recovering to US$15.46 at …