Anaconda eyes Pine Cove (May 19, 2003)
Anaconda Gold (ANX-V) has inked a deal to acquire up to a 60% stake in New Island Resources’ (NIS-V) Pine Cove gold project, near Baie Verte, Nfld.New Island Resources is based in St. John’s, Nfld.Tor…
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High River in black for 2002 (May 19, 2003)
High River Gold (HRG-T) has finished 2002 with earnings of $1.7 million, an improvement over 2001 when asset writedowns left it with a loss for the year.Earnings for 2002 amounted to 2 per share but …
Apex revises San Cristobal
Prompted by new regulatory guidelines, Apex Silver Mines (SIL-X) has updated its reserve estimate for the advanced San Cristobal silver-zinc project in southwestern Bolivia.Proven and probable reserve…
Exchange Rates (May 19, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 13May 12May 9May 8May 7US$ in C$1.38981.38871.39271.3952…
Golds slump in quiet market
The Toronto market plunged early in the five trading days May 7-13 but rallied to finish the period fractionally higher. The TSX composite index closed May 13 at 6,702.91, up 9.2 points over the previ…
Gold prices help quarter at Buenaventura (May 19, 2003)
Higher production and an improved gold price buoyed up the top line for Compania de Minas Buenaventura (BVN-N) in the first three months of 2003.The Peruvian gold and silver miner posted net earnings …
Drilling confirms copper-gold at Afton (May 19, 2003)
Vancouver — DRC Resources (DRC-T) has tabled results from two infill holes drilled at its Afton copper project, near Kamloops, B.C.The two holes were collared near previous hole 2K01-49 and are part …
Spot Prices Wednesday May 14, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$348.90+5.90Silver$4.82+0.06Platinum$662.00+34.00…
No waiver for Goldstream-Willa (May 19, 2003)
Vancouver — The British Columbia Environmental Assessment Office will not grant the Goldstream-Willa gold project a waiver under the environmental assessment process.The move came as a surprise to pr…
Fronteer-Red Lake cut low grades
Vancouver — A 4-hole drill program by partners Fronteer Development Group (FRG-V) and Red Lake Resources (RL-V) has returned low-grade gold mineralization from the Swain-Sol d’Or property in the Red …
Strike ends at Horne
After nearly a year, strikers have returned to work at Noranda’s (NRD-T) Horne copper smelter in Rouyn-Noranda, Que.Almost 54% of the 550 unionized production and maintenance workers voted in favour o…
Poster shows Whitehorse geology
Natural Resources Canada and the Yukon government have produced a poster showing the geology and geological history of the Whitehorse Valley.The poster, titled Geoscape Whitehorse — Geoscience for a …