Exchange Rates (March 17, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 11March 10March 7March 6March 5US$ in C$…
News
Canadian Stock Exchange Indices (March 17, 2003)
DateMarch 11March 10March 7March 6March 5HighLowTSX Com…
Midway sparks Tonopah revival (March 17, 2003)
Vancouver — Drill results from the Midway prospect have intensified interest in exploring for gold in Nevada’s Nye Cty.Midway Gold (MDW-V), previously known as Red Emerald Resource, holds the propert…
Week-long dive on US markets
Things started badly on U.S. stock markets in the trading period March 5-11, and got steadily worse. The Dow Jones Industrial Average fell 180.81 points to 7,524.06, a loss of 2.3%, while the Standard…
Debt-free Eldorado lands in black
Vancouver — With higher gold prices and production back to normal at the Sao Bento mine in Brazil, Eldorado Gold (ELD-T) posted a US$2.1-million profit for 2002.After raising US$48 million last year,…
Nevsun tables Segala resource estimate (March 17, 2003)
Diamond and reverse-circulation drilling have resulted in a new measured and indicated resource estimate for the Segala deposit, held by Nevsun Resources (NSU-T) in western Mali.The total figure, prep…
Higher gold price adds pizzazz to PDAC convention
Consolidation, sustainability, and the allure of the mysterious East: the 71st annual convention of the Prospectors & Developers Association of Canada (PDAC) did not want for themes.It seems gold is n…
Ontario releases publication
The Ontario government has published Mineral Sector Profile, which is part of an overall effort attract mineral investment.The government hopes the publication will encourage the production of geologi…
Wolfden cuts high grade at East Bay
Vancouver — The first four holes of an ongoing, 10,000-metre drill program on the East Bay property in northwestern Ontario have returned encouraging values.Partners Wolfden Resources (YWO-V) and Pla…
Southwestern bullish on Chinese gold project
Vancouver — Southwestern Resources (SWG-T) has tabled encouraging assay results from the first drill hole at its Boka gold project in the Yunnan province of China.Drill hole B02-01 was drilled in the…
Editorial Cartoon (March 17, 2003)
Metallica tops up treasury (March 17, 2003)
Metallica Resources (MR-T) has closed a $15-million private placement to help fund its purchase of the half-stake in the Cerro San Pedro gold deposit that it does not already own.The company agreed to…