News



US markets slide, golds mixed

Markets in the U.S. continued their downward spiral during the Jan. 29-Feb. 5 report period, as calls for war against Iraq grew louder in Washington. The S&P 500 slipped 10.34 points, or 1.2%, to clos…


Pele drills Ardeen

Junior Pele Mountain Resources (gem-v) will sink two holes at its Ardeen project, near Thunder Bay, Ont., to test for high-grade gold mineralization.The first is targeting a geophysical anomaly outlin…


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…


Gold demand slows in India, Pakistan

Consumer demand for gold in India was 8% lower in the third quarter of 2002 than a year earlier. However, the decrease was less severe than the 44% drop between the first half of 2002 and the first ha…


Monroe soars on London diamond find

The recovery of seven gem-quality diamonds from the London alluvial diamond project in South Africa sent shares in Monroe Minerals (MMX-V) soaring 20, to 45, in early trading in Vancouver on Feb. 5….


Photo by Stuart McDougallKevin MacNeil, director of project development, stands on the grizzly control tower during the opening of Etruscan's processing plant at the Tirisano diamond mine in South Africa.

AFRICA

Operator Etruscan Resources (EET-T) and minority partner Mountain Lake Resources (MOA-T) have sold the first bundle of alluvial diamonds produced at the Tirisano mine at Ventersdorp, South Africa.The …


The Provincial Geologist's Medal was presented to Trygve Hoy by Manitoba Minister of Industry, Trade and Mines MaryAnn Mihychuk at the Energy and Mines Ministers Conference in Winnipeg.

Hoy awarded Provincial Geologist’s Medal

Canada’s geological community has awarded the 2002 Provincial Geologist’s Medal to Trygve Hoy, who devoted his career to exploring and documenting the rock formations of southeastern British Columbia….


Russian subsidiary powers High River

High River Gold Mines’ (HRG-T) attributable gold production grew by more than 43,000 oz. in 2002, thanks to an increased stake in its Russian subsidiary, Buryatzoloto.High River boosted its position i…


Surging gold energizes Venture Exchange

Vancouver — With a little help from gold, Canada’s junior exchange closed the week ended Feb. 4 on an uptick. The S&P-TSX Venture Exchange composite index added 15.6 points, or 1.4% of its value, and…


Producer and Dealer Prices (February 10, 2003)

Antimony: Mid-mkt US$2,300/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.50-8.00/lb.Copper: Comex Mar US$0.7795/lb.Indium: Indi…


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