Brisas gets regulatory nod
Venezuela’s Ministry of Energy and Mines has approved an operating plan for the Brisas gold deposit in Bolivar state, opening the way for development by Gold Reserve (GLR-T).Brisas, with proven and pr…
News
Lending Rates (March 03, 2003)
as of 4 pm ET, Feb.25, 2003(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.34LIBOR US$ 6-month1.34LIBOR US$ 1-year1.39Gold lease 3-m…
MOST ACTIVE ISSUES, FEB. 19-25
ExchgVol(000s)HighLowCloseChangePlacer DomeT2085016.5413.8413.89-2.03…
Falconbridge grounds Kidd for eight weeks (March 03, 2003)
Citing a poor zinc market, Falconbridge (FL-T) is extending to eight weeks the planned closure of its refining operations at the Kidd metallurgical site in Timmins, Ont.Daniel Picard, general manager …
Exchange Rates (March 03, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 25Feb. 24Feb. 21Feb. 20Feb. 19US$ in C$…
Broad market flops as gold surges
The S&P-TSX composite index continued its downward spiral over the Feb. 19-25 report period, slipping 89.45 points to 6,503.10.Not even a surge in spot gold could save producers: Placer Dome plummeted…
Western markets bullish as composite jumps
Vancouver — Canada’s junior exchange closed the week ended Feb. 25 on an uptick. The S&P-TSX Venture Exchange composite index jumped 14.93 points, or 1.37% of its value, to close at 1.103.26.Stornowa…
Richmont has banner year (March 03, 2003)
Record gold sales, better prices, and lower production costs came together for Richmont Mines (RIC-T) in 2002, giving the company earnings of $9.1 million (or 59 per share) on revenue of $52 million….
Golden Phoenix plans attack at Borealis (March 03, 2003)
Golden Phoenix Minerals (GPXM-O) has tabled plans for a 3-prong exploration program at its Borealis project, near Hawthorne, Nev.Beginning this summer, the company will investigate the possibility of …
Silver-based wood coatings
In mid-February, legislation was introduced in the U.S. House of Representatives that would provide funding for a study on the effectiveness of silver-based biocides as an alternative treatment to pre…
Sustainability workshop
Vancouver-based consultants Anthony Hodge and Ian Thomson will moderate a workshop dubbed “Seven Questions to Sustainability” on March 13 at Metro Hall in downtown Toronto.As the heads of the their re…
Trading Summary (March 02, 2003)
The Toronto Stock Exchange’s TSX Composite index fell 27.07 points to 6,555.12 on Friday, with eight of twelve mark…