News


Andaurex eyes Meliadine

Vancouver — Australia’s WMC Resources (WMC-N) has an interested buyer for its 56% stake in the Meliadine West gold property in Nunavut.Andaurex Industries (AWX-V) and Sakku Investments, a wholly owne…


Lending Rates (February 24, 2003)

as of 4 pm ET, Feb.18, 2003(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.35LIBOR US$ 6-month1.35LIBOR US$ 1-year1.43Gold lease 3-m…


Gold takes centre-stage at Cordilleran

Vancouver — Enthusiasm for gold prevailed at the recent Cordilleran Roundup, held at this city’s Westin Bayshore Resort and Marina.About 3,000 delegates and 150 exhibitors attended the 5-day event, w…


People (February 24, 2003)

Alamos Minerals — Chester Millar appointed president and chairman; John McCluskey appointed VP and CEO; Stephen Stine appointed VP and COO.Cambridge Mineral Resources — Michael Thomsen appointed exe…


Producer and Dealer Prices (February 24, 2003)

Antimony: Mid-mkt US$2,200/t.Bismuth: Mid-mkt US$2.80/lb.Cadmium: Mid-mkt US$0.65/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.20-7.95/lb.Copper: Comex Mar US$0.74/lb.Indium: Indium…


Grade still king at Goldcorp; Glamis

Low-cost production from the Red Lake mine in northwestern Ontario gave Goldcorp (G-T) earnings of US$65.6 million (US37 per share) on revenues of US$185.2 million in 2002.The year-end results repres…




Placer Dome boosts stake in NovaGold project

Vancouver — Placer Dome (PDG-T), North America’s third-largest gold producer, is exercising its right to increase its interest in NovaGold Resources’ (NRI-T) Donlin Creek deposit in southwestern Alas…


Geomaque losses shrink in 2002 (February 24, 2003)

Though still deep in the red, Geomaque Explorations (GEO-T) lost only half as much in 2002 as in the previous year, thanks to higher gold prices.The company lost $4.6 million (or 3 per share) last ye…



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