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 …
2003
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…
Hansa takes over Rhonda claims
Thoroughly occupied by the Northwest Territories diamond hunt, Calgary-based Rhonda Corporation (RDM-V) has spun off its holdings in the Courageous Lake gold belt, north of Yellowknife, to affiliate H…
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…
Exploration heats up in SW New Brunswick
Despite a slump in base metal exploration, 2002 proved to be a banner year for precious metals in New Brunswick. It was gold’s turn to shine as exploration efforts turned up widespread occurrences in …
Opawica finds high-grade in Brazil
Toronto-based Opawica Explorations (OPW-T) has received positive results from the first phase of due diligence at the Bom Jardim gold property in the Tapajos district of Para state in north-central Br…
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 …
Canadian Stock Exchange Indices (March 10, 2003)
DateMarch 4March 3Feb. 28Feb. 27Feb. 26HighLowTSX Compo…
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…
Exploration work upgrades Northgate’s Kemess North
Vancouver — In 2002, Northgate Exploration (NGX-T) spent US$3.5 million drilling 42 holes at the Kemess North deposit in the Toodoggone River area of north-central British Columbia. In the process, t…
Doyon hoist needs repairs
A breakdown of the production hoist at Cambior’s (CBJ-T) Doyon mine, 40 km east of Rouyn-Noranda, Que., may result in layoffs during an estimated 2-6 weeks of repairs.At presstime, the company was dis…
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…