Gossan drills Bird River (April 07, 2003)
Gossan Resources (GSS-V) has embarked on a 1,250-metre diamond drilling program on the Bird River sill complex in southeastern Manitoba.Work is focused on the Chrome Extension and Peterson blocks. The…
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Inmet ups reserve at Troilus (April 07, 2003)
Additional drilling and re-assessment of the operating conditions at the Troilus gold mine in north-central Quebec have extended the life of the mine a further four years, says owner Inmet Mining (IMN…
LaRonde rockfall crimps output
The perils of being a one-mine company: Agnico-Eagle Mines (AGE-T) reports that a 30,000-ton rock fall has occurred in two production stopes at its LaRonde gold operation in Quebec.The fall occurred a…
PCS issues profit warning (April 07, 2003)
Potash Corp. of Saskatchewan (POT-T) has fallen short of its first-quarter earnings estimate of US25 per share.The world’s biggest fertilizer maker says the main problem is the strengthening Canadian…
Most Montanans don’t support I-137: poll
Fifty-eight per cent of Montana voters would support efforts to modify or overturn I-137, the law passed in 1998 that bans the use of cyanide in open-pit gold and silver mining, according to a poll fi…
Editorial Cartoon (April 07, 2003)
McWatters eyes $25m for Val d’Or deals
McWatters Mining (MWA-T) has agreed to sell 125 million shares for 20 apiece to a syndicate of underwriters led by National Bank Financial. The deal will raise $25 million in proceeds.McWatters will …
MuchBudget: a vote or a video?
“By Levying Money for and to the Use of the Crowne by pretence of Prerogative for other time and in other manner than the same was granted by Parlyament . . . utterly and directly contrary to the know…
Northern Dynasty boosts Pebble resource
Vancouver — An independent resource estimate tabled by Northern Dynasty Minerals (NDM-V) has enhanced the economic potential of the Pebble gold-copper-molybdenum project in southwestern Alaska.The st…
Meridian slams brakes at Argentine project (April 07, 2003)
Following a non-binding referendum in which the citizens of Esquel, Argentina, voted overwhelmingly against development of the Esquel gold project, Meridian Gold (MNG-T) has suspended plans to build a…
Int’l Curator drills Assean Lake
Vancouver — Drilling is under way at the Assean Lake gold project in northern Manitoba.International Curator Resources (IC-T) has completed 24 holes, or 2,900 metres, to date, and assay results are p…
Placer cuts hedge book (April 07, 2003)
Vancouver — North America’s third-largest gold company reduced its hedging program by 1.1 million oz. in the first quarter of 2003.Placer Dome (PDG-T) converted 920,000 oz., which were committed unde…