LionOre posts record profit (August 25, 2003)
Vancouver — The second quarter of 2003 was a stellar one for LionOre Mining International (LIM-T), as the nickel-gold miner exceeded its production targets.LionOre earned US$11.1 million (or 7 per s…
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SKN eyes more ground near Boka (August 25, 2003)
Vancouver — SKN Resources (SRL-V) has added 24.6 km to its already-impressive land holdings around Southwestern Resources’ (SWG-T) Boka gold project in China’s Yunnan province.Dubbed Tuobuka, the new…
Diavik awarded for efficiency
The Canadian governmnet has given an award to the Diavik diamond mine in the Northwest Territories for its efficient use of energy.The energy savings resulted chiefly from a computerized employee trai…
Falco up and running after blackout
Falconbridge (FL-T) says its Ontario-based mining operations were up and running on Aug. 18, following North America’s largest-ever power outage, which began in the late afternoon of Aug. 14.The Sudbu…
Canadian Stock Exchange Indices (August 25, 2003)
DateAug. 19Aug. 18Aug. 15Aug. 14Aug. 13HighLowTSX Composite7474.917411.33n/a7393.76…
Junior exchange buoyed by bullion
Vancouver — Canada’s junior exchange followed gold’s lead over the week ended Aug. 19. The S&P-TSX Venture Exchange composite index gained 24.78 points, or 2% of value, and closed at 1,249.73.Bishop …
Alrosa uncovers giant diamond
Sakha Republic government-owned Alrosa has extracted a giant, flawless 301.55-carat diamond — the third-largest gem-quality diamond ever unearthed in Russia.The 46-by-32-by-26-mm lemon-yellow stone w…
PGM use in North America
Three factors — a substantial increase in the production of light vehicles, the impending introduction of tighter emissions standards, and the replacement of some palladium-based catalysts with plati…
Exchange Rates (August 25, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 19Aug. 18Aug. 15Aug. 14Aug. 13US$ in C$1.40091.39091.38721.3…
Suppliers Roundup (August 25, 2003)
Knelson to build screensLangley, B.C.-based Knelson Gravity Solutions will begin building screens for filtering coarse ore from fine ore, under the brand name Knelson-Sizetec. The deal is part of a ma…
Number nailed on Segala
Preliminary reserve estimates at the Segala gold deposit in western Mali put the size of the deposit at 383,000 oz.Estimates by Snowden Mining Industry Consultants, who were engaged by owner Nevsun Re…
SouthernEra posts Q2 profit
Foreign exchange gains enabled SouthernEra Resources (SUF-T) to record net earnings of US$1.59 million for the three months ended June 30.The US2-per-share profit came on revenue of US$564,000 and co…