Eldorado expands Kisladag
Vancouver — Eldorado Gold (ELD-T) has added about 600,000 ounces to the in situ resource estimate of the Kisladag project in western Turkey.The expansion is based on 10,700 metres of reverse-circulat…
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LME Warehouse Levels (December 16, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 10 (change from Dec. 3 in brackets):MetalStock(tonnes)ChangeAluminium…
Gitennes drills Rio Blanco
Six holes drilled in the Rio Blanco copper zone in northern Peru have returned encouraging results for Gitennes Exploration (GIT-T).London-listed Monterric Metals, which can earn a 75% stake in the pr…
Canadian Stock Exchange Indices (December 16, 2002)
DateDec. 10Dec. 9Dec. 6Dec. 5Dec. 4HighLowTSX Composite6597.20…
Spot Prices Wed. December 11, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$323.75+3.05Silver$4.63+0.06Platinum$595.00+3.00P…
Exchange Rates (December 16, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 10Dec. 9Dec. 6Dec. 5Dec. 4US$ in C$…
GREATEST VALUE TRADED, DEC. 4 – 10
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N57136826.9224.3326.14+1.81…
First Quantum raises funds (December 16, 2002)
First Quantum Minerals (FM-T) will issue 5.5 million special warrants to raise nearly $18 million in an attempt to finance work at its assets in Zambia.The warrants are fixed at $3.25 apiece and entit…
Kyoto won’t hurt mining
Canada’s mining industry has been a constructive contributor to our shared search for solutions to environmental challenges.In addition to representing the economic interests of your sectors, you [in …
Turning preservationism on its head Breaking the frame
Parked, they call it.Ontario prospectors have been living with the consequences of the province’s Living Legacy policy for nearly four years now. Living Legacy, the outgrowth of the divisive and destr…
Opawica tests Straw Lake
Opawica Explorations (OPW-T) has raised sufficient funds to begin a preliminary exploration program at the Straw Lake gold property in northwestern Ontario.Opawica can earn 100% interests in five clai…
Pasminco eyes mine closures
Vancouver — Having failed to sell its Gordonsville and Clinch Valley lead-zinc mines, Australian-based Pasminco is closing both.Situated in Tennessee, the mines are low-grade operations that have not…