Odyssey tallies Altintepe resource
Vancouver The inferred mineral resource for the 2G zone on the Altintepe project in northeastern Turkey has come i…
2003
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$354.50 per o…
Eldorado dusts off Ecstall’s Dusty Mac
Eldorado Gold (ELD-T) has a 30-day period in which to conduct technical and legal due diligence after entering into a letter of intent with Ecstall Mining (EAM-V) over the dormant Dusty Mac gold mine …
Lending Rates (March 10, 2003)
as of 4 pm ET, Mar. 4, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.34LIBOR US$ 6-month1.34LIBOR US$ 1-year1.38Gold lease 3-m…
Kirkland suspends Macassa (March 10, 2003)
The failure of a pillar between an ore pass and shaft 3 has forced Kirkland Lake Gold (KGI-V) to suspend production at the Macassa mine, west of Kirkland Lake, Ont.A seismic event caused damage to a 6…
New budget threatens investment: MAC
The elimination of the resource allowance, announced by Finance Minister John Manley in his budget in mid-February, threatens mining investment in this country, according to the Mining Association of …
Securities session at PDAC
David Brown, chairman of the Ontario Securities Commission, will be among the speakers at a 3-hour session on securities regulations at the annual convention of the Prospectors & Developers Associatio…
First McAra holes find stringer sulphides
Three drill holes at the McAra property in the southern Abitibi belt in Ontario have intersected stringer-form pyrite and pyrrhotite.Owner Mustang Minerals (YMU-V) is testing a series of drill targets…
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 …
Amerigo prepares spring budget
Once the snow melts, Amerigo Resources (ARG-T) will renew its search for iron oxide copper-gold deposits in the Sault Ste. Marie region of northwestern Ontario.At the Coppercorp property, Amerigo will…
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…