2003


Shareholders OK Gold Summit deal

Shareholders of Gold Summit Mines (GST-V) have approved a reorganization that will see the company take over a large land package in Nevada and California.The reorganization includes a one-for-five ro…



Interior disallows Pass Minerals claims

A United States Department of the Interior hearings office has ruled mining claims located over a supposed “desert gold” deposit in southern Nevada are invalid “for failure to make a discovery.”Admini…


Bondi results warrant follow-up

Orezone Resources (ORZ-T) says results from reverse-circulation drilling on the Bondi gold property in Burkina Faso have exceeded expectations.The 2,250-metre, 31-hole program targeted a portion of a …



First Quantum profitable (June 09, 2003)

An expansion program and higher head grades enabled First Quantum Minerals (FM-T) to pump out twice as much copper cathode in the recent first quarter as a year earlier.The mid-tier producer mines the…


BacTech gives Tonkin Springs a try (June 09, 2003)

Canadian-Australian junior BacTech Enviromet (YBA-V) has agreed to take a 55% interest in the past producing Tonkin Springs gold mine in Nevada’s Eureka Cty.To do so, BacTech must pay U.S. Gold (USGL-…


LME Warehouse Levels (June 09, 2003)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 3 (change from May 27 in brackets):MetalStock(tonnes)ChangeAluminium1133350(-792…



Gold shines on long-term dollar weakness

Investors in gold stocks have taken profits in one of the best years for investing in the precious metal in more than a decade.The high price of gold has been linked to the tensions with Iraq, but thi…


Exchange Rates (June 09, 2003)

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 3June 2May 30May 29May 28US$ in C$1.37581.36951.37081.3769…


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