Trading Summary (February 10, 2003)
The Toronto Stock Exchange was lower today, with the TSX Composite index down 33.63 points to 6,444.11. Most sector…
News
Anooraq tallies Platreef resource
Vancouver Hunter Dickinson-led Anooraq Resources (ARQ-V) has tabled an inferred resource of 99.4 million tonnes g…
Northgate options Hyland property
Vancouver — Northgate Exploration(NGX-T) has inked a deal with StrataGold, a subsidiary of Expatriate Resources (E…
Inco aims to sustain record PGM output
While Inco (N-T) has benefited strongly from higher nickel and copper prices of late, the company still sees platin…
Olympus resumes drilling
Vancouver — Armed with a $625,000 financing, Olympus Pacific Minerals (OYM-V) has resumed drilling at its Phuoc Son gold project in central Vietnam.The current, 2,400-metre infill program is focused …
Base metals: upside despite macro gloom
The following is the second in a series devoted to metals markets and was culled from Barclays Capital’s monthly report The Commodity Refiner. This week’s instalment provides an overview of base metal…
Great Basin drills Burnstone (February 10, 2003)
Vancouver — Great Basin Gold (GBG-V) has launched a 5-rig, 20,000-metre diamond drilling program over its newly acquired Burnstone property, 100 km southeast of Johannesburg, South Africa.The project…
Barrick counter-sues Blanchard
Barrick Gold (ABX-T) has served a formal libel notice on Blanchard & Co. and its CEO, Donald Doyle, Jr., and is seeking “substantial damages and other relief.”Based in New Orleans, Blanchard describes…
People (February 10, 2003)
Alcoa — William Christopher appointed executive VP and group president for Alcoa Aerospace, Automotive and Commercial Transportation; Paul Thomas appointed VP of Alcoa and president of North American…
Philex disappoints
Vancouver — Drill results from Philex Gold’s (PGI-V) Boyongan deposit in the Philippines have prompted operator Anglo American (AAUK-Q) to seek additional tonnage on the surrounding North property.Al…
Goldcorp buys into American Bonanza
Vancouver — High-grade miner Goldcorp (G-T) has taken a 10.4% stake in the junior explorer that holds the Copperstone project in southwestern Arizona.That company, American Bonanza Gold Mining (BZA-V…
Aquiline buys Calcatreu project
Aquiline Resources (AQI-V) is acquiring Newmont Mining’s (NEM-N) Calcatreu gold project in Argentina.In return it must pay more than US$2 million over three years, with US$100,000 due on the deal’s cl…