News


Glamis makes gains

A number of things separate Glamis Gold from its Vancouver counterparts. The first would have to be its “low-key” approach to doing business.The second relates to the fact that it showed a net profit …


Quality of gov’t material questioned

I recently attended the Cordilleran Exploration Roundup in Vancouver, B.C., where the Federal Department of Fisheries and Oceans (DFO) distributed inappropriate material.As Yukon and British Columbia …




Andaurex eyes Meliadine

Vancouver — Australia’s WMC Resources (WMC-N) has an interested buyer for its 56% stake in the Meliadine West gold property in Nunavut.Andaurex Industries (AWX-V) and Sakku Investments, a wholly owne…


LME Warehouse Levels (February 24, 2003)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 18 (change from Feb. 11 in brackets):MetalStock(tonnes)ChangeAluminium1191600(-4…


Placer Dome boosts stake in NovaGold project

Vancouver — Placer Dome (PDG-T), North America’s third-largest gold producer, is exercising its right to increase its interest in NovaGold Resources’ (NRI-T) Donlin Creek deposit in southwestern Alas…


Geomaque losses shrink in 2002 (February 24, 2003)

Though still deep in the red, Geomaque Explorations (GEO-T) lost only half as much in 2002 as in the previous year, thanks to higher gold prices.The company lost $4.6 million (or 3 per share) last ye…


Lending Rates (February 24, 2003)

as of 4 pm ET, Feb.18, 2003(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.35LIBOR US$ 6-month1.35LIBOR US$ 1-year1.43Gold lease 3-m…



Diamond raffle helps hospital

Vancouver — On May 24, a 1.06-carat diamond from the Ekati mine in the Northwest Territories will be raffled to raise money for British Columbia’s Children’s Hospital.The raffle is part of the 16th a…


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