Eldorado cashes in
Eldorado Gold (ELD-T) has closed a $46-million financing with a syndicate of underwriters led by Yorkton Securities and including Sprott Securities, BMO Nesbitt Burns, TD Securities, National Bank Fin…
News
Odyssey drills Altintepe gold prospect
Vancouver — Looking to outline a bulk-mineable oxide gold system, Odyssey Resources (ODX-V) has begun diamond drilling on the Altintepe gold property, on Turkey’s Black Sea coast.Field work has ident…
Commercial-size stones envisaged for Renard 3 kimberlite
Despite its small tonnage implications, the Renard cluster of eight kimberlitic bodies in the Otish Mountains of north-central Quebec shows potential for large commercial-size diamonds at grades compa…
Kelvin yields significant diamond count
Originally discovered in the spring of 2000, about 9 km northeast of the Kennady Lake cluster in the Northwest Territories, the Kelvin kimberlite body was ignored until this year when De Beers Canada …
Spot Prices Monday December 23, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$343.90+6.85Silver$4.63+0.01Platinum$593.00-5.00P…
Canada helps fight conflict diamond trade
Companies will require government certificates to export diamonds to Canada, under new legislation in place to control the import, export and transit of rough diamonds.Bill C-14 was given royal assent…
Rio Narcea joins Outokumpu in Spain (December 30, 2002)
Rio Narcea Gold Mines (RNG-T) has agreed to a phased earn-in at Finnish-based Outokumpu’s Lugo properties in northern Spain.Rio Narcea can earn an initial half-stake in the project by spending US$1.5 …
PDAC calls for papers
The Prospectors & Developers Association of Canada is soliciting papers for the open session of its annual convention, slated for March 9-12, 2003, in Toronto.Organizers are looking for policy-related…
Goldcorp deepens High Grade zone again
Two recent holes drilled at the Red Lake mine in northwestern Ontario have extended the producing High Grade zone another 122 metres at depth, reports Goldcorp (G-T).Hole 34, drilled from the 37 level…
Investors bid up junior golds
Vancouver — Santa Claus brought early Christmas presents to Canada’s junior exchange over the holiday-shortened report period ended Dec. 20 as investors placed bets that 2003 will be a good year for …
Partners boost Maverick
Vancouver — Drilling by partners Silver Standard Resources (SSO-V) and Colorado-based Vista Gold (VGZ-T) has intersected mineralization outside the known resource on the Maverick Springs property, so…
Rosebel gold project enters homestretch (December 30, 2002)
Cambior (CBJ-T) is a step closer to construction at its Rosebel gold project in Suriname after that country’s National Assembly agreed to remove state-owned Grassalco’s option on the project.Under a 1…