As their name suggests, red-bed copper deposits form in red host rocks. The red colouration is actually rust, which is oxidation formed after the rock’s exposure to the atmosphere.The two types of red…
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateAug. 3Aug. 2July 30July 29…
Despite lower production, Montreal-based Cambior (CBJ-T) remained in the black during the second quarter, owing to a successful gold-hedging program.The company earned US$100,000 on revenue of US$80 m…
The Vancouver Stock Exchange composite index slid 3.62 points, or 0.9%, to finish the holiday-shorted week ended Aug. 3 at 415.15. The mining index added 1.59 points, or 0.6%, to close at 275.33.Meanw…
Agnico-Eagle Mines (AGE-T) racked up more losses during the second quarter, due in large part to falling gold and copper production from its Laronde mine in northwestern Quebec.During the second quart…
Higher production at the Marsfontein diamond mine in South Africa kept SouthernEra Resources (SUF-T) profitable in the second quarter.During the three months ended June 30, the diamond miner earned $1…
A settlement has been reached in the 18-month-long dispute between Archangel Diamond (AAD-V) and its Russian partners over ownership of the Verkhotina diamond property in northwestern Russia.The settl…
Partners Camnor Resources (CMB-V) and Oromin Explorations (OME-V) have launched a US$125,000 diamond drill program at the Cirque volcanogenic massive sulphide (VMS) property, 60 miles south of Fairban…
Partners Grayd Resource (GYD-V) and Atna Resources (ATN-T) have begun drill-testing the downdip extension of high-grade mineralization on the DC North zone at the Dry Creek property in Alaska.Based on…
Increased production from the Cayeli copper-zinc mine in Turkey was in the foreground of the second-quarter picture at Inmet Mining (IMN-T).Inmet showed a profit of $959,000 for the 3-month period end…
Junior Ecuadorian Minerals (EMC-T) has intercepted high-grade gold-silver values at the Beroen project in southwestern Ecuador.Results from the first four holes drilled on the Alejandra breccia encoun…
Georges DumontGeorges Dumont, one of the country’s premier minefinders, has died in Val d’Or, Que. He was 87.Born in St. Anselme, near Quebec City, in 1911, Dumont graduated with a degree in engineeri…
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