News
Metallica tops up treasury (March 17, 2003)
Metallica Resources (MR-T) has closed a $15-million private placement to help fund its purchase of the half-stake in the Cerro San Pedro gold deposit that it does not already own.The company agreed to…
Towards sustainable mining
“The return on investment from aggressively improving company-wide sustainable development knowledge and initiatives can make other traditional investment initiatives seem trivial.”– Bob Willard, The…
Lending Rates (March 17, 2003)
as of 4 pm ET, Mar. 11, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.23LIBOR US$ 6-month1.18LIBOR US$ 1-year1.21Gold lease 3-…
Diamond industry visits Ottawa
On March 18, members of the Canadian diamond industry will organize “Diamond Day on the Hill,” a campaign designed to underscore to the economic and social importance of diamond mining in this country…
Goldcorp buys into Planet
Goldcorp (G-T) has taken an 8.7% equity stake in Planet Exploration (PXI-V).Via a private placement, the gold producer purchased 1 million units of the junior at 50 apiece. A unit consists of one sha…
Barrick’s Davidson honoured for long, long career
In the late 1970s, Alex Davidson, then a student at McGill University, was attending the annual PDAC convention in Toronto when he stuck his head inside the Canadian room at the Royal York Hotel to ca…
Spot Prices Wednesday March 12, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$349.00-5.50Silver$4.67+0.01Platinum$700.00+1.00P…
GREATEST VALUE TRADED, MARCH 5-11
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N42212127.5024.6624.75-2.50…
The Northern Miner — North American Mining Index (March 17, 2003)
63.87 (-5.11)(Sept. 30/98 = 100)…
Yukon placer miners fight back (March 17, 2003)
Vancouver — A decision by the Federal Department of Fisheries and Oceans (DFO) to phase out placer mining in the Yukon has prompted a general strike in Dawson City.Local businesses shut down from 10 …
Alcoa expands aluminum plant
Alcoa has announced plans to invest $1 billion to expand one of its aluminum plants in Quebec.The Pittsburgh, Pa.-based company and the Quebec government have signed a memorandum of understanding to e…