Lending Rates (March 10, 2003)
as of 4 pm ET, Mar. 4, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.34LIBOR US$ 6-month1.34LIBOR US$ 1-year1.38Gold lease 3-m…
News
DFO uses delay tactics: geologist
The Anchorage Daily News recently reported that Alaska Governor Frank Murkowski is defending his controversial plan to take project permit power away from the Habitat Division of the state’s Departmen…
Assean drilling resumes
Drilling is under way again at the Assean Lake property in north-central Manitoba, operated by International Curator Resources (IC-T).The new program entails up to 4,500 metres of drilling, mainly to …
Partners up Tirisano resource
Partners Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V) have outlined more diamondiferous gravels at their Tirisano alluvial mine in South Africa.Indicated resources now stand at 10.4 …
PEOPLE (March 10, 2003)
Arch Coal — Bennett Hatfield appointed president eastern operations.Diadem Resources — Paul Carroll appointed president and CEO; Thomas Skimming appointed vice-chairman; former CEO, Peter Howe, will…
Wheaton River raises $334m
Wheaton River Minerals (WRM-T) has raised the funds needed to buy the Peaks gold mine in Australia and a quarter-stake in the Bajo de la Alumbrera copper-gold mine in Argentina.In January, Wheaton agr…
AngloGold eyes Candente ground
Nine of the properties, covering 16.1 km in southern Peru, are considered prospective for high-sulphidation gold targets.One of the southern Peru properties, dubbed Millo, is held jointly with fellow …
Kirkland suspends Macassa (March 10, 2003)
The failure of a pillar between an ore pass and shaft 3 has forced Kirkland Lake Gold (KGI-V) to suspend production at the Macassa mine, west of Kirkland Lake, Ont.A seismic event caused damage to a 6…
Alamos exec stocks up
Recent insider trading transactions reported by the Ontario Securities Commission include the following:q Alamos Minerals (AAS-V) — Chester Millar, director, bought 109,500 shares at 44-50 apiece to…
Exploration heats up again in Mali
Gold prices are back up and explorers are back to work, and it need be no surprise that southwestern Mali, with three gold producers pouring plenty of low-cost ounces, has returned to favour among jun…
LME Warehouse Levels (March 10, 2003)
Aluminium1233425(+5625)Aluminium Alloy29180(+40)NASAAC68480(+2400)Copper822825…
Exchange Rates (March 10, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 4March 3Feb. 28Feb. 27Feb. 26US$ in C$…