People (November 24, 2003)
Alliance Resource — Brian Cantrell appointed VP and CFO.Desert Sun — Peter Tagliamonti appointed VP and COO.European Goldfields — Eduardo Baer appointed president and executive directo…
2003
Partners test Trinidad South (November 24, 2003)
Globestar Mining (GMI-V) has launched a 2,000-metre drill program over the 3-sq.-km Trinidad South gold-in-soil anomaly on the Bayaguana gold project in the Dominican Republic.Globestar believes Trini…
Exchange Rates (November 24, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 18Nov. 17Nov. 14Nov. 13Nov. 12US$ in C$1.30241.31371.30381.2…
The Northern Miner Indices (November 24, 2003)
North American Mining: 101.26 (+4.54)Small Producers: 99.83 (+10.03)(Sept. 30/98 = 100)…
Shahuindo suit heads to Lima (November 24, 2003)
Ruling that a lower court judge is legally incompetent, the Supreme Court of Peru has voided a previous decision favouring the plaintiff in a legal battle over the Shahuindo gold property.The Supreme …
Partners advance Tulawaka gold project
Tanzania’s Ministry of Energy and Mineral Resources has granted partners Barrick Gold (ABX-T) and Northern Mining Explorations (MDN-T) a special mining licence for the commercial development of the Ea…
Fortune expands zone at Nico (November 24, 2003)
A 13-hole drilling program by Fortune Minerals (FT-T) at the Nico polymetallic deposit in the western Northwest Territories has expanded the known mineralization in the deposit’s West Pit area.The new…
Caledon finds wide zones on surface at Gaolong (November 24, 2003)
Surface sampling at the Gaolong gold deposit in Guanxi province, China, by London-listed explorer Caledon Resources (CDN-L), has shown extensive widths of silicified and brecciated limestone carrying …
Bullion drives junior exchange
Vancouver — Canada’s junior exchange moved higher as bullion flirted with the US$400-per-oz. mark over the week ended Nov. 18. The S&P-TSX Venture Exchange composite index tacked on 31.90 points, or …
McWatters limps to another quarterly loss
Troubled Quebec miner McWatters Mining (MWA-T) limped to a net loss of $5.9 million for the three months ended Sept. 30.The loss translates into a penny per share, and compares with a year-earlier los…
Eastmain shares soar on GoldCorp alliance (November 24, 2003)
Eastmain Resources (ER-T) has partnered with mid-tier producer Goldcorp (G-T) to acquire, explore and develop gold deposits in Quebec.Goldcorp recently subscribed to a private placement of 2 million E…
Producer and Dealer Prices (November 24, 2003)
Antimony: Mid-mkt US$2,050/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$13.70-15.50/lb.Copper: Comex Dec. US$0.932/lb.Indium: Indium Corp., ingot, US$265/kg.Iridi…