News

Ivanhoe Mines’ Savage River wins environment award

Ivanhoe Mines’ Savage River iron ore operation in northwestern Tasmania has received an award for environmental excellence.The award recognizes the company’s success in controlling water runoff from r…


Ross and Marie Toms at their home in Port Cunnington, Ont., in the 1960s.

Prospector Ross Toms, Part 1

“He was an old prospector with a vision bleared and dim.He asked me for a grubstake, and the same I gave to him.He hinted of a hidden trove, and when I made so boldTo question his veracity, this is th…



PEOPLE (July 02, 2001)

Arena Gold — Louis-Marie Riopel appointed president.AMT Int’l Mining — John Hick appointed acting chairman and president.Manhattan — Peter Tegart appointed chairman of the board; Lawre…


Newmont targets RDN (July 02, 2001)

Vancouver — Newmont Exploration of Canada, a wholly owned subsidiary of Newmont Mining (NEM-N), is gearing up for a 1,200-metre drill program over Rimfire Minerals’ (RFM-V) RDN gold-silver property …


Novagold takes aim at Shotgun (July 02, 2001)

Vancouver — Novagold Resources (NRI-T) has completed an agreement with Cominco (CLT-T) to earn the 52.5% it does not already own of the 1-million-oz. Shotgun gold property in southwestern Alaska.The …



Market waits for Fed cut

Denver — The prospect of an interest rate cut by the U.S. Federal Reserve held back the Dow Jones industrial average, which sank 124.19 points, or 1.2%, to 10,472.48 for the June 20-26 report period….


Producer and Dealer Prices (July 02, 2001)

Antimony: Mid-mkt US$1,115/t.Bismuth: Mid-mkt US$3.75/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$10.15-12.00/lb.Copper: Comex July US$0.718/lb.Indium: In…



Drilling expands Millennium

Denver — Glamis Gold (GLG-N) is half-way through an 80,000-ft. drilling program at the Millennium project in Nevada, where it expects to outline a new resource.Glamis owns a 66.7% interest in Marigol…


Majescor options Portage property to BHP

Encouraged by results from till sampling in the Otish Mountains area of central Quebec, BHP Diamonds has struck a deal with Majescor Resources (MAJ-V) to earn up to a 56% interest in the Portage prope…


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