News



Andaurex eyes Meliadine

Vancouver — Australia’s WMC Resources (WMC-N) has an interested buyer for its 56% stake in the Meliadine West gold property in Nunavut.Andaurex Industries (AWX-V) and Sakku Investments, a wholly owne…


LME Warehouse Levels (February 24, 2003)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 18 (change from Feb. 11 in brackets):MetalStock(tonnes)ChangeAluminium1191600(-4…


Placer Dome boosts stake in NovaGold project

Vancouver — Placer Dome (PDG-T), North America’s third-largest gold producer, is exercising its right to increase its interest in NovaGold Resources’ (NRI-T) Donlin Creek deposit in southwestern Alas…


Geomaque losses shrink in 2002 (February 24, 2003)

Though still deep in the red, Geomaque Explorations (GEO-T) lost only half as much in 2002 as in the previous year, thanks to higher gold prices.The company lost $4.6 million (or 3 per share) last ye…


Lending Rates (February 24, 2003)

as of 4 pm ET, Feb.18, 2003(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.35LIBOR US$ 6-month1.35LIBOR US$ 1-year1.43Gold lease 3-m…



Diamond raffle helps hospital

Vancouver — On May 24, a 1.06-carat diamond from the Ekati mine in the Northwest Territories will be raffled to raise money for British Columbia’s Children’s Hospital.The raffle is part of the 16th a…



Gold takes centre-stage at Cordilleran

Vancouver — Enthusiasm for gold prevailed at the recent Cordilleran Roundup, held at this city’s Westin Bayshore Resort and Marina.About 3,000 delegates and 150 exhibitors attended the 5-day event, w…


People (February 24, 2003)

Alamos Minerals — Chester Millar appointed president and chairman; John McCluskey appointed VP and CEO; Stephen Stine appointed VP and COO.Cambridge Mineral Resources — Michael Thomsen appointed exe…


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