Wheaton River raises $334m
Wheaton River Minerals (WRM-T) has raised the funds needed to buy the Peaks gold mine in Australia and a quarter-stake in the Bajo de la Alumbrera copper-gold mine in Argentina.In January, Wheaton agr…
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AngloGold eyes Candente ground
Nine of the properties, covering 16.1 km in southern Peru, are considered prospective for high-sulphidation gold targets.One of the southern Peru properties, dubbed Millo, is held jointly with fellow …
Kirkland suspends Macassa (March 10, 2003)
The failure of a pillar between an ore pass and shaft 3 has forced Kirkland Lake Gold (KGI-V) to suspend production at the Macassa mine, west of Kirkland Lake, Ont.A seismic event caused damage to a 6…
Alamos exec stocks up
Recent insider trading transactions reported by the Ontario Securities Commission include the following:q Alamos Minerals (AAS-V) — Chester Millar, director, bought 109,500 shares at 44-50 apiece to…
Exploration heats up again in Mali
Gold prices are back up and explorers are back to work, and it need be no surprise that southwestern Mali, with three gold producers pouring plenty of low-cost ounces, has returned to favour among jun…
LME Warehouse Levels (March 10, 2003)
Aluminium1233425(+5625)Aluminium Alloy29180(+40)NASAAC68480(+2400)Copper822825…
Exchange Rates (March 10, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 4March 3Feb. 28Feb. 27Feb. 26US$ in C$…
Spot Prices Wednesday March 5, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$354.50+1.95Silver$4.66+0.03Platinum$699.00+22.00…
Junior exchange continues bearish trend (March 10, 2003)
Vancouver — Canada’s junior exchange followed the major bourses lower over the week ended March 4, despite some strong interest in buying select explorers. The S&P-TSX Venture Exchange composite inde…
MOST ACTIVE ISSUES, FEB. 26-MAR. 4
ExchgVol(000s)HighLowCloseChangeNewmont Mng*N1457927.6826.6527.25+0.17…
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 …
Juniors stand to benefit from higher metal demand Conventional wisdom
Back in the days when computers provided their wisdom on green-lined fanfold paper, a simple cartoon used to circulate. A small slope-shouldered man, punctured by a large flat-headed screw, looked out…