BC changes claim law
Two government announcements in western Canada signal a better climate for exploration, says Al Gourley, a director of the Prospectors & Developers Association of Canada.In British Columbia, the gover…
News
WGC studies future gold trends Musselwhite
A study by the World Gold Council (WGC) is designed to predict the state of the gold market 3-5 years hence, the objective being to “increase the value” of the commodity.The study, which will outline …
Leading indicators turn north for base metals
After a wobble early on in the report period March 25-28, the base metals markets regained their poise, helped by encouraging economic data out of both the U.S. and Europe. Nonetheless, the funds rema…
Silver Standard boosts Challacollo (April 08, 2002)
Vancouver — Results from a 7-hole drill program have increased the economic prospects of the the Challacollo silver-gold property in northern Chile.Silver Standard Resources (SSO-V) carried out the 7…
Crew tables Nalunaq resource (April 08, 2002)
Vancouver — According to an independent resource estimate, Crew Development’s (CRU-T) Nalunaq project in Greenland holds just under 600,000 oz. gold.Toronto-based SRK Consulting pegs the measured and…
Kinross extends Kinam offer
Kinross Gold (K-T) extended, to April 4, its offer for all of Kinam Gold’s $3.75 series B convertible preferred shares it does not already own.Kinross’s original, $16-per-share cash tender offer expir…
Work resumes at Mt. Kare
Vancouver — With the price of gold showing signs of life, Madison Enterprises (MNP-V) has resumed exploration of the promising Mt. Kare gold-silver property in Papua New Guinea.The latest program con…
Majescor confirms sill-like kimberlite body at Wemindji
Majescor Resources (MAJ-V) has encountered multiple shallow, sub-horizontal kimberlite sills or dykes extending over a 400-by-500-metre area of its wholly owned Wemindji property on the east side of J…
Namibian still faced with difficulties
Last year saw Namibian Minerals (NMR-T) chalk up heavy losses as it struggled to remain afloat.In early 2001, the marine diamond miner was forced into provisional liquidation after its NamSSol seafloo…
Coeur closes Martha purchase
Coeur d’Alene Mines (CDE-N) has completed the purchase of the Martha silver mine in Argentina from Yamana Resources (YRI-T).With the mine comes a 588-sq.-km land package in Santa Cruz province coverin…
Shareholders OK Dayton, Pacific Rim merger
Shareholders of both companies have overwhelmingly approved the merger of Pacific Rim Mining (PFG-T) and Dayton Mining (DAY-T), leaving the final say to the courts.Under the proposed amalgamation, Day…
Lending Rates (April 08, 2002)
as of 4 pm ET, Apr. 2, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month2.04LIBOR US$ 6-month2.36LIBOR US$ 1-year3.06Gold lease 3-month0.54G…