News

NDT Ventures raises $1.2m

Vancouver — NDT Ventures intends to raise $1.25 million by selling 66 million units priced at 18 each, with proceeds earmarked for exploration of the Fury, Sarcpa and Gem diamond properties in Nunav…


Midway drills North prospect in Nevada

Vancouver — Drilling is enabling Midway Gold (MDW-V) to evaluate one of several targets at its project in Nevada’s Nye Cty.Initial prospecting at the target, known as North, identified mineralization…


LME Warehouse Levels (March 31, 2003)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 25 (change from March 18 in brackets):MetalStock(tonnes)ChangeAluminium1262265(…


Exchange Rates (March 31, 2003)

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 25March 24March 21March 20March 19US$ in C$1.47751.48011.4907…



Broad market sinks on fears of Iraqi quagmire

With the war in Iraq failing to shape up as the cake-walk many were predicting, the S&P-TSX composite index retreated 68.5 points to end the March 17-25 report period at 6,385.Gold performed about as …


Quarrying activity at the Voisey's Bay project in Labrador in November 2002.

Inco gives green light for Voisey’s Bay

After much political wrangling with the provincial government, Inco (N-T) is finally proceeding with initial development of the Voisey’s Bay nickel-copper-cobalt project in Newfoundland and Labrador. …


Partners eye Campbell lookalike

Last year’s discovery of a large, gold-bearing carbonate alteration halo northwest of the historic Madsen mine in northwestern Ontario has prompted Placer Dome (PDG-T) to triple its exploration budget…


Newmont buys out Moydow at Ntotoroso

Moydow Mines International (MOY-T) is selling its half-interest in the Ntotoroso gold project in Ghana to equal partner Newmont Mining (NEM-N) for US$20 million in shares and cash.The Ntotoroso proper…



Alcoa inks deal with Bombardier

American aluminum giant Alcoa is supplying Montreal-based Bombardier Aerospace with structural components and wing and fuselage skins for regional and business jets, including the Bombardier CRJ serie…



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