Golds fall again while nickel majors climb
Gold just can’t cut a break these days: spot prices fell steadily throughout the Nov. 14-20 report period to settle at a London morning fix of US$273.15 per oz. on Nov. 21. The yellow metal has lost n…
News
Mining index increases momentum
Vancouver — The report period ended Nov. 20 saw the third consecutive 3-digit gain for the mining sector. Nothwithstanding a poor performance by the oil and gas sector, the Canadian Venture Exchange …
Dia Bras eyes Guinean diamonds (November 26, 2001)
Montreal-based Dia Bras Exploration (DIB-V) has reached an agreement with Sagem, a private Guinean company, to earn a 60% interest in the Banankoro diamond permit.To do so, Dia Bras must pay $50,000 a…
Gayot reveals more mineralization (November 26, 2001)
Partners Virginia Gold Mines (VIA-T) and BHP Billiton (BHP-N) have discovered more polymetallic mineralization in Quebec’s Caniapiscau Reservoir area, northwest of Schefferville.Channel sampling yield…
Placer cuts Madsen updip
Drilling by Placer Dome (PDG-T) at Claude Resources (CRJ-T) has intersected four zones of gold mineralization at the historic Madsen mine in Ontario’s Red Lake camp.The effort was aimed at testing for…
Pacific NW Capital explores River Valley
With another $2.3 million in the till, Pacific North West Capital (PFN-T) is resuming exploration drilling at its River Valley platinum-palladium project, near Sudbury, Ont.To date, 138 holes at the D…
Esquel looking good for Brancote
The Esquel gold project in southern Argentina has enough reserves to sustain a proposed 5,000-tonne-per-day open-pit mine for 6.5 years, and London-based Brancote Holdings believes it can find additio…
Glamis poised to enlarge Marigold operation
A study has confirmed the feasibility of expanding the Marigold mine in Nevada’s Battle Mountain trend.Reno-based Glamis Gold (GLG-T) says the study estimates minable resources (proven and probable re…
Breakwater writes off Caribou mine
Demonstrating the damage caused by record-low zinc prices, Breakwater Resources (BWR-T) has turned in a whopping $102-million loss for the first nine months of 2001.Spot zinc began the year at US46.2…
Jury is out on ‘Reaganomics’
Since Ronald Reagan’s election to the august office of the presidency of the United States, the most visible contribution to the economy so far is the word “Reaganomics.”No economic dictionary carries…
Munk, James to enter Canadian Mining Hall of Fame
Peter Munk and William James, two of the most recognized names in mining, will be inducted into the Canadian Mining Hall of Fame.Both men will become members in recognition of their contributions to h…
Sigma suspension weighs on McWatters (November 26, 2001)
With operations suspended at the Sigma-Lamaque open-pit gold mine in Val d’Or, Que., McWatters Mining (MCW-T) incurred a quarterly loss for the period ended Sept. 30.The loss amounted to $1.7 million …