Goldcorp buys into Madison
Vancouver — Cash-rich Goldcorp (G-T) has taken a 6.9% equity stake in junior Madison Enterprises (MNP-V).Through a private-placement, the Red Lake gold producer purchased 5 million units of Madison a…
News
Daily Metal Prices (March 10, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 4March 3Feb. 28Feb. 27Feb. 26Al Alloy1450/139…
Base metals diverge, golds plunge deeper
The Toronto Stock Exchange composite index plunged 80.77 points over the Feb. 26-Mar. 4 report period to finish the week at 6,422.33.On March 5, gold settled at a London morning fix of US$354.50 per o…
Eldorado dusts off Ecstall’s Dusty Mac
Eldorado Gold (ELD-T) has a 30-day period in which to conduct technical and legal due diligence after entering into a letter of intent with Ecstall Mining (EAM-V) over the dormant Dusty Mac gold mine …
Barron’s mugs Royal Gold
An exceedingly negative story about Royal Gold in the March 1 edition of Barron’s knocked a painful $6 off the gold royalty company’s shares, which dipped below US$14 before recovering to US$15.46 at …
Anatolia, Rio Tinto explore in Turkey
Partners Rio Tinto (RTP-N) and Anatolia Minerals Development (YMC.U-V) have completed the first phase of exploration at the Tunceli property in east-central Turkey.The program, which included regional…
Lending Rates (March 10, 2003)
as of 4 pm ET, Mar. 4, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.34LIBOR US$ 6-month1.34LIBOR US$ 1-year1.38Gold lease 3-m…
Trading Summary (March 07, 2003)
The Toronto Stock Exchange ended the week with a 31.26-point gain to hit 6,359.86 on Friday. The gain came no thank…
Southwestern releases first drill results from Boka project
Vancouver — Southwestern Resources (SWG-T) has tabled encouraging assay results from the first drill hole at its B…
Wolfden cuts grade at East Bay
Vancouver The first four holes of an ongoing 10,000-metre drill program on the East Bay property in northwestern…
Semafo’s Kiniero, Nyafe and Wona grow
A re-optimization of the pits at the Kiniero mine in northern Guinea have boosted mineral reserves for Montreal-bas…
Eldorado Gold debt free and posts profit
Vancouver With higher gold price and production back to normal at the Sao Bento mine, Eldorado Gold (ELD-T) poste…