Drills turn at Island Pond property
Vancouver — Candente Resource (DNT-V) and Cornerstone Capital Resources (CTP-V) are launching a 15-hole drilling program on the Island Pond gold property, in the Botwood Basin of central Newfoundland…
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Higher output gives Hecla boost
Vancouver — A combination of higher production and lower costs propelled Hecla Mining (HL-N) into profitability during the third quarter.The Idaho-based miner earned US$1.5 million (or US2 per share…
A blank cheque for waste
In early 2000, we noted that smelters in western North America that generated their own electricity were making more money from selling power than they were from selling metal.Looks like they may get …
Silver helped cyclists
Lance Armstrong, leader of the U.S. Cycling Team, crossed the finish line of the Tour de France this past summer, achieving his fourth successive victory. And he and his team did so in good health, th…
Obituary: Donald Parrott
Donald Parrott, author and historian of the Red Lake mining district, has died. He was 86.Parrott was born in Winnipeg, Man., and spent his formative years in nearby Grandview. When he was eight, Parr…
First Au, Wolfden hit gold at Red Lake
Vancouver — A 9-hole drilling program by partners Wolfden Resources (YWO-V) and First Au Strategies (FAV-V) has confirmed that gold mineralization extends below the historical workings on the once-pr…
Crew’s Nalunaq ore headed south
High-grade ore from Crew Development’s (CRU-T) 82%-owned Nalunaq gold deposit in Greenland will be processed at Richmont Mines’ (RIC-T) Nugget Pond mill in Newfoundland.A memorandum of understanding c…
Campbell struggling after weak third quarter
Campbell Resources (CCH-T) is looking to turn around operations at the Joe Mann mine, south of Chibougamau, Que., after production problems left the company with a loss of $2.9 million in the three mo…
JP Morgan dispels rumours
The gold bugs watched in glee as their arch nemesis, JP Morgan, the counterparty to most gold-derivatives trading, issued a statement that refuted rumours it had recently lost upwards of US$17 billlio…
LME Warehouse Levels (November 18, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 12 (change from Nov. 5 in brackets):MetalStock (tonnes)ChangeAluminium1285950(-1…
Patricia tables new resource at Island Gold
A revised resource estimate at the Island Gold property in the Goudreau-Lochalsh area, northeast of Wawa, Ont., indicates a large, low-grade gold deposit.Patricia Mining (PAT-V), which is operating th…
Renard 7, 8 prove diamondiferous
The two most recent Renard kimberlite finds in the Otish Mountains region of north-central Quebec are diamond-bearing.Joint-venture partners Ashton Mining of Canada (ACA-T) and Soquem have confirmed t…