Ariane confirms French Guiana grades
Vancouver — Initial results from ongoing drilling by Ariane Gold (AGD-T) have confirmed that high-grade zones occur in a broad gold resource at the Camp Caiman project in French Guiana.The infill pro…
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St. Jude drills for gold in Ghana
Vancouver — St. Jude Resources (SJD-V) has launched a drilling campaign designed to trace the strike and downdip extension of high-grade zones at the Subriso and Hwini-Butre prospects in Ghana, West …
Ashanti ends profitable quarter (November 04, 2002)
Ghanaian gold producer Ashanti Goldfields (ASL-N) maintained its profitability in the third quarter, while the pressure of near-term debt continued to subside. Ashanti made US$22.5 million (or US18 p…
Smooth sailing as Ekati celebrates fourth year
The Ekati mine in the Northwest Territories is celebrating its fourth anniversary on a note of considerable achievement: production of more than US$1.6 billion worth of diamonds to date.Ekati was brou…
LME Warehouse Levels (November 04, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 29 (change from Oct. 22 in brackets):MetalStock (tonnes)ChangeAluminium1273975(-…
Exchange Rates (November 04, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 29Oct. 28Oct. 25Oct. 24Oct. 23US$ in C$1.56311.56051.56…
Resource stocks mixed as broad markets gain
The Toronto Stock Exchange Composite index coasted through the Oct. 23-29 report period, rising a mere 3.15 points to finish the week at 6,294.81.Gold was up US$3.75 in overseas markets, landing at a …
Bulls battle bears to a draw
Vancouver — Canada’s junior exchange saw little change during the report period ended Oct. 29 as investors appeared unwilling to make any big bets ahead of crucial economic reports due later in the w…
Barrick sees earnings slide
Barrick Gold (ABX-T) has posted disappointing earnings of US$34 million (or US6 per share) for the third quarter, owing to lower-than-anticipated grades and recovery rates at several of its operation…
Charter empowers SA miners
South Africa’s new Broad-Based Socio-Economic Empowerment charter is the product of a process that reaffirms the mining sector’s willingness to aid and promote wealth creation opportunities for histor…
Starfield delineates 119 zone
Vancouver-based Starfield Resources (SRU-V) has cut more massive sulphides at its Ferguson Lake polymetallic project, near Rankin Inlet in Nunavut.In late August, Starfield discovered the so-called 11…
Trading Summary (November 01, 2002)
The Toronto Stock Exchange ended the week on a high note reclaiming 72.61 points to make 6,321.4 on Friday with al…