River strikes deal for Edwards
Strike Minerals (YKS-T) has agreed to acquire the mothballed Edwards mine in Algoma, Ont.Strike paid $20,000 on signing the deal and must issue 500,000 shares to River Gold Mines (RIV-T) plus 500,000 …
News
Spot Prices Wed. April 3, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$304.95+$7.45Silver$ 4.70+$0.06Platinum$534.00+$…
Lending Rates (April 08, 2002)
as of 4 pm ET, Apr. 2, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month2.04LIBOR US$ 6-month2.36LIBOR US$ 1-year3.06Gold lease 3-month0.54G…
Shareholders OK Dayton, Pacific Rim merger
Shareholders of both companies have overwhelmingly approved the merger of Pacific Rim Mining (PFG-T) and Dayton Mining (DAY-T), leaving the final say to the courts.Under the proposed amalgamation, Day…
Coeur closes Martha purchase
Coeur d’Alene Mines (CDE-N) has completed the purchase of the Martha silver mine in Argentina from Yamana Resources (YRI-T).With the mine comes a 588-sq.-km land package in Santa Cruz province coverin…
Majescor confirms sill-like kimberlite body at Wemindji
Majescor Resources (MAJ-V) has encountered multiple shallow, sub-horizontal kimberlite sills or dykes extending over a 400-by-500-metre area of its wholly owned Wemindji property on the east side of J…
Work resumes at Mt. Kare
Vancouver — With the price of gold showing signs of life, Madison Enterprises (MNP-V) has resumed exploration of the promising Mt. Kare gold-silver property in Papua New Guinea.The latest program con…
Kinross extends Kinam offer
Kinross Gold (K-T) extended, to April 4, its offer for all of Kinam Gold’s $3.75 series B convertible preferred shares it does not already own.Kinross’s original, $16-per-share cash tender offer expir…
Crew tables Nalunaq resource (April 08, 2002)
Vancouver — According to an independent resource estimate, Crew Development’s (CRU-T) Nalunaq project in Greenland holds just under 600,000 oz. gold.Toronto-based SRK Consulting pegs the measured and…
Silver Standard boosts Challacollo (April 08, 2002)
Vancouver — Results from a 7-hole drill program have increased the economic prospects of the the Challacollo silver-gold property in northern Chile.Silver Standard Resources (SSO-V) carried out the 7…
Leading indicators turn north for base metals
After a wobble early on in the report period March 25-28, the base metals markets regained their poise, helped by encouraging economic data out of both the U.S. and Europe. Nonetheless, the funds rema…
WGC studies future gold trends Musselwhite
A study by the World Gold Council (WGC) is designed to predict the state of the gold market 3-5 years hence, the objective being to “increase the value” of the commodity.The study, which will outline …