Semafo leaches Mana gold
Results from bottle-roll tests suggest the Wona and Nyafe oxide gold deposits in Burkina Faso are amenable to heap leaching, reports Semafo (SMF-T).Wona and Nyafe are two of three deposits that make u…
News
Major Drilling posts loss
Major Drilling incurred a loss of $400,000 (or 2 per share) on revenue of $38.6 million for its fiscal third quarter, though that’s an improvement over the year-earlier loss of $4 million (37 per sh…
Amerigo buys Chilean mill (March 24, 2003)
Junior Amerigo Resources (ARG-V) has acquired an option to buy a Chilean plant that recovers copper from tailings.The MVC plant has an 18-year contract with Corporacin Nacional del Cobre de Chile (Co…
New zone at Eagle River
Recent drilling by River Gold Mines (RIV-T) has identified a new zone of gold mineralization near the existing mine workings at the Eagle River mine, near Wawa, Ont.Drilling has delineated the western…
Aquiline raises funds for Calcatreu in Argentina
An unsecured debt financing will provide Aquiline Resources (AQI-V) with enough funds to buy the Calcatreu gold project in Argentina.In late January, Aquiline agreed to pay US$2 million to Newmont Min…
Starfield sizes up 119 zone
Vancouver-based Starfield Resources (SRU-V) has tabled a preliminary inferred resource estimate for the 119 zone at the Ferguson Lake polymetallic project, near Rankin Inlet in Nunavut.At a cutoff gra…
Languishing zinc sinks Breakwater
Weak zinc prices pushed Breakwater Resources (BWR-T) to a net loss of $19.9 million in 2002.The loss translates into 12 per share and compares with a loss of $111.1 million, or 92 per share, in the …
Exchange Rates (March 24, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 18March 17March 14March 13March 12US$ in C$1.47861.48351.4822…
Daily Metal Prices (March 24, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 18March 17March 15March 14March 13Al Alloy144…
NYSE GREATEST PERCENTAGE CHANGE (March 24, 2003)
Exchg Vol(000s) High Low Close % ChgPechiney*N8013.8012.6013.76+12.33…
Head-scratching
The puzzle ring is an enduring and attractive novelty: gold rings, linked together, that intertwine to form a single complex piece; and a neat symbol for the present gold market.It is a neat symbol be…
St. Jude cuts high-grade gold at South Benso (March 24, 2003)
Vancouver — St. Jude Resources (sjd-v) has discovered a new high-grade gold zone at the South Benso concession in Ghana, West Africa.The discovery hole at the G zone cut 42 metres grading 6.9 grams g…