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…
News
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….
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 …
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$0.7795/lb.Indium: Indi…
NovaGold eyes more gold at Donlin (February 10, 2003)
NovaGold Resources (NRI-T) expects the final round of 2002 drilling on the Donlin Creek project in Alaska to expand current resources and boost five high-grade zones to the status of measured and indi…
Phelps Dodge in the red
Vancouver — Legal settlements and writedowns for idled mining operations in the fourth quarter highlighted a terrible financial year for the world’s second-largest copper producer.Phelps Dodge (PD-N)…
Kinross jumps to senior ranks as gold soars
Although it came as no surprise, Kinross Gold made headlines over the Jan. 28-Feb. 4 report period by concluding its long-awaited 3-way merger with TVX Gold and Echo Bay Mines to become Canada’…
Exchange Rates (February 10, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 4Feb. 3Jan. 31Jan. 30Jan. 29US$ in C$1.51431.52011.52901.530…