Gahcho Kue study falls short
The Gahcho Kue diamond project in the Northwest Territories is remaining on the back burner after an updated desktop study by De Beers failed to meet a critical 15% internal rate of return required to…
News
Diversification boosts Teck Cominco (April 28, 2003)
Vancouver — An improved operating performance at the Trail smelter in British Columbia, combined with an 18% jump in the price of bullion, propelled the world’s largest zinc producer to a profit in t…
Tournigan explores in Northern Ireland and El Salvador
Vancouver — Tournigan Gold (TVC-V) has raised $1.25 million in a brokered, short-form financing, with proceeds earmarked for projects in Northern Ireland and El Salvador.The company placed 5 million …
Exchange Rates (April 28, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 22April 21April 18April 17April 16US$ in C$1.44711.4544Holiday…
Producer and Dealer Prices (April 28, 2003)
Antimony: Mid-mkt US$2,530/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$8.75-9.50/lb.Copper: Comex May US$0.7215/lb.Indium: Indium Corp., ingot, US$140/kg.Iridium…
Canadian Royalties pegs Mesamax resource
Vancouver — An independent resource estimate for the Mesamax zone has verified the economic potential of the Expo-Ungava nickel-copper-platinum-palladium property in northern Quebec.Glenn Mullan, pre…
Spot Prices Wednesday April 23, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$333.80+9.95Silver$4.57+0.08Platinum$638.00+14.00…
Financing mining in Quebec
In 2002, mining investment in Quebec amounted to roughly $752 million, a significant drop from the $1.2 billion recorded in 2001. The decline can be explained mostly by the completion of three major m…
Editorial: Quieter evolution
The defeat of the Parti Qubecois in the recent Quebec election sneaked up on news junkies, who were busy watching the invasion of Iraq. But there it was: the more-or-less federalist provincial Libera…
Drilling extends River Valley mineralization (April 28, 2003)
Results from a stepout hole at the River Valley property, near Sudbury, Ont., indicate potential for expanding the Dana North deposit.Partners Pacific North West Capital (PFN-T) and Anglo American Pla…
Golden Star takes over Mampon, Dunkwa
Three property deals have expanded the land package held by Golden Star Resources (GSC-T) around its Bogoso and Prestea gold mines on the Ashanti trend in Ghana.In the first of the three deals, Golden…
Rubicon hits high-grade at McFinley
Vancouver — Rubicon Minerals (RMX-V) has cut several intervals of high-grade gold at the McFinley project in Ontario’s Red Lake camp.So far, 26 holes (or 8,465 metres) have targeted unexplored parts …