Queenstake moves Magistral forward
Vancouver With construction well underway on its 50% held Magistral project, Queenstake Resources (QRL-T) expects…
News
Trading Summary (May 21, 2002)
The Toronto Stock Exchange was a little weaker in trading on Tuesday, with the TSX Composite Index slipping 38.72 p…
Pan American Silver to buy Corner Bay
In a friendly, all-share deal, Vancouver-based silver producer Pan American Silver (PAA-T) is offering to acquire a…
More high-grade for Cumberland
Drilling by Cumberland Resources (CBD-T) at its Meadowbank gold project north of Baker Lake in Nunavut has interse…
Drill turns at Limousine Butte (May 21, 2002)
Vancouver — Newmont Mining (NEM-N) has launched a fourth round of drilling on Nevada Pacific Gold’s (NPG-V) Limous…
Pacific Rim eyes La Calera
Vancouver — With both the court and shareholders approving the merger of Pacific Rim Mining and Dayton Mining, the…
Yatela boosts Iamgold’s earnings
With the Yatela mine in western Mali three months into its first full year of commercial production, Iamgold (IMG-T) has posted solid first-quarter earnings.The company earned US$4.5 million (or 6 pe…
Newmont starts year with loss
Fresh from acquiring Franco Nevada Mining and Normandy Mining, Newmont Mining ended the May 9-14 period down $1.17 to US$28.05 as the world’s number-one gold producer posted a first-quarter net loss o…
Partners table Los Filos resource (May 20, 2002)
Vancouver — Partners Teck Cominco (TEK-T) and Miranda Mining (MRM-V) have tabled a new resource estimate for the large Los Filos gold deposit in Mexico’s Guerrero state.Based on 438 holes comprising …
Lending Rates (May 20, 2002)
as of 4 pm ET, May 14, 2002(%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.90LIBOR US$ 6-month2.08LIBOR US$ 1-year2.63Gold lease 3-month0.47Gold lease…
Mazarin sees revenue grow
The acquisition of a half-interest in the Niobic niobium mine in Quebec enabled Mazarin (MAZ-T) to generate greater revenue in the first quarter of 2002 than in the corresponding period of last year.T…
Gold Funds (May 20, 2002)
Gold Funds as at May 9, 2002Dundee Precious MetalsCentral FundNet Value$22.71$5.80Price$17.57$6.91…