Queenstake closes Jerritt deal
Queenstake Resources (QRL-T) has acquired the Jerritt Canyon gold mine in Nevada’s Elko Cty., after wrapping up a previously announced brokered private placement of 105 million subscription receipts f…
News
Canadian exploration trends
Annual spending on mineral exploration in Canada has stabilized above $500 million, after declining from a peak of $921 million in 1997 and a low of $497 million in 2000, according to a report publish…
Hawk lands at AfriOre’s FSC deposit
Toronto-based Hawk Precious Minerals (hawk-u) has agreed to take up to a half-interest in AfriOre’s (AFO-T) 1,090-sq.-km FSC gold project in South Africa.Hawk can earn an initial 35% by paying $20,000…
Bema cuts Russian high grade (July 07, 2003)
All but one of 43 holes drilled by Bema Gold (BGO-T) on the Kupol property in Chukotka, Russia, have intersected a 4-km-long epithermal gold-silver vein system.The program tested a 1.6-km portion of t…
Juniors wrap 3-way deal
Juniors St Andrew Goldfields (SAS-T), Royal Victoria Minerals (RVM-V) and United Tex-Sol Mines (UTX.A-V) have completed their previously announced 3-way merger.Under the deal, Royal Victoria…
Gold majors on the march
Even with gold languishing in the low US$350-per-oz. range, all the U.S.-listed gold majors enjoyed strong gains through the report period ended July 1.Sector-leader Newmont Mining jumped $1.58 to US$…
TSE suffers holiday blues as gold claws back
The Toronto Stock Exchange composite index moved sideways over the holiday-shortened June 25-July 1 report period, finishing at 6,983.14, for a loss of 74 basis points.Gold regained some of the ground…
Diamonds drive junior market higher
Vancouver — Canada’s junior exchange inched forward over the holiday-shortened week ended June 30 as investors found a renewed appetite for diamond explorers. The S&P-TSX Venture Exchange composite i…
South Atlantic busy in Sweden (July 07, 2003)
Vancouver — North Atlantic Natural Resources (NAN) has acquired additional prospective nickel ground near the Swedish city of Skelleftea, while, farther north, it tries to expand resources at the ope…
Aurizon adds to Casa Berardi resources (July 07, 2003)
Aurizon Mines (ARZ-T) has doubled the inferred resource estimate in zones 118-120 at the Casa Berardi gold project, 100 km north of Rouyn-Noranda, Que., on the back of some 27,000 metres worth of dril…
Daily Metal Prices (July 07, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 1June 30June 27June 26June 25Al Alloy1370/1370…
Trading Summary (July 04, 2003)
The Toronto Stock Exchange traded in a narrow range and finished a little higher on Friday, with the TSX Composite…