Castleworth drills Pan (August 11, 2003)
Vancouver — The first drill results from an ongoing program indicate an expansion of the resource at the Pan gold project in Nevada.Castleworth Ventures (WTH-V) has intersected encouraging values in …
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LME Warehouse Levels (August 11, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 5 (change from July 29 in brackets):MetalStock(tonnes)ChangeAluminium1307100(+13…
Exchange Rates (August 11, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 5Aug. 4Aug. 1Aug. 31Aug. 30US$ in C$1.4043Holiday1.39641.407…
Holiday hangover overcomes market
The holiday-shortened July 30-Aug. 5 report period was marked by more sellers than buyers, causing the Toronto Stock Exchange composite index to slip 37.81 points and land at 7,180.54.Gold reversed co…
Ken Barr remembered
I first met Ken Barr in 1983, when I was relatively new to the investment business, at least from the position of advising individual investors on their portfolios. Given my background in geology and …
Vanadium on the rebound
In the first quarter of 2003, the vanadium market finally showed signs of improving, according to a report by British market analyst Roskill. The improvement followed an extended period of chronic ove…
Noranda reorganizes south of border
Noranda has reorganized its U.S.-based recycling operations into a new company in an attempt to boost sales.Noranda Recycling, based in San Jose, Calif., will have about 200 emloyees, with plants situ…
Review board calls for development of Snap Lake project
The Mackenzie Valley Environmental Impact Review Board has recommended development of the Snap Lake underground diamond project, following a 14-month assessment.Upon approval by the federal minister o…
Goldcorp juggernaut keeps on rolling
Goldcorp (G-T) enjoyed another strong quarter, thanks to higher gold prices and the exceptional quality of the Red Lake mine in northwestern Ontario.Second-quarter earnings jumped 11% to US$17.8 milli…
Virginia, BHP renew vows
Virginia Gold Mines (VIA-T) and BHP Billiton’s (BHP-N) diamond exploration arm have signed a third agreement in as many years.The latest deal involves jointly surveying, sampling and exploring some 25…
Editorial Cartoon (August 11, 2003)
KEGS hands out scholarships
The Canadian Exploration Geophysicists Society (KEGS) Foundation has awarded scholarships for the upcoming academic year to nine undergraduate students in geophysics at six Canadian universities.The r…