Trading Summary (June 03, 2003)
Toronto’s subindices were lower nearly across the board on Tuesday as the S&P/TSX Composite Index dropped 14.07 poi…
News
AngloGold hits bonanza grades at Rivard
Vancouver A 33 hole drill program by partners AngloGold (AU-N) and Rubicon Minerals (RMX-V) has returned promisin…
Trading Summary (June 02, 2003)
Toronto’s gold index was alone in red on Monday, losing 0.88 of a point to 164.16. The fall came despite a US$1.80-…
Orezone drills Bondi, Essakan fails to grow
Orezone Resources (ORZ-T) has wrapped up a 41-hole, reverse-circulation drilling campaign on its Bondi gold propert…
Shear and Empire waive first right of refusal
Vancouver — BHP Billiton Diamonds, a subsidiary of BHP Billiton (BHP-N) will move ahead with the purchase of a 14%…
Queenstake moves forward at Jerritt Canyon
Vancouver — Queenstake Resources (QRL-T) has signed a purchase agreement with subsidiaries of AngloGold (AU-N) and…
People (June 02, 2003)
Melkior — Florent Bell and Francois Desrosiers appointed to board of directors.Pacific Minerals — Rui Feng resigned as director.Pasminco — Mark Rayner, Geoff Allen and Andrew Guy resig…
Samira Hill funding in place (June 02, 2003)
A group of lenders led by the African Development Bank (ADB) and including Semafo (SMF-T) has approved a US$27-million loan to La Socit des Mines du Liptako (SML) to develop the Samira Hill gold pro…
Ontario to spend more on mine rehab
The Ontario government has entered into a 2-year partnership with the Ontario Mining Association (OMA) to clean up abandoned mine sites.Under the program, the province will match OMA funds directed to…
The Northern Miner Indices (June 02, 2003)
North American Mining: 67.00 (-0.16)Small Producers: 70.31 (-6.97)(Sept. 30/98 = 100)…
Spot Prices Wednesday May 28, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$364.55-0.35Silver$4.59-0.15Platinum$671.00-9.00P…
Peruvian regulator reviews Tambogrande
The Instituto Nacional de Recursos Naturales (Inrena), the Peruvian government agency charged with advising the government on new mining projects, has completed its preliminary review of the environme…