PEOPLE – SHANE
Michael Magrum elected director.
News
IPM consultant verifies gold at Black Rock
International Precious Metals (IPMC-C) has announced that a study by consulting firm Bateman Engineering has “confirmed the presence of gold and platinum” on the company’s Black Rock property in weste…
Royal Oak tightens belt as Kemess South takes priority
Low gold prices are forcing Royal Oak Mines (RYO-T)to trim production costs and lay off workers.The strategy is designed to ensure the company has sufficient cash on hand to complete construction of t…
Fremont grabs more ground in northern Chile
Junior Fremont Gold (FGLD-Q) has signed a letter-of-intent to acquire the 80,000-ha Dania gold property in the Maricunga district of northern Chile.The property, currently owned by Chilean-based Dania…
Campbell pulls plug at Santa Gertrudis — Junior rethinks strategy after third-quarter loss
With no foreseeable sign of a turnaround in the weakened gold market, Campbell Resources (CCH-T) is suspending operations at its Santa Gertrudis mine in Sonora state, Mexico, in order to focus on expl…
Pegasus shuts down Mt. Todd gold mine
Pegasus Gold (PGU-X) has responded to the depressed gold price by announcing its intention to close down the Mt. Todd gold mine in Australia’s Northern Territory.The company also took a nearly US$400-…
Inco continues restructuring attempts
Inco (N-T) continues to restructure its Ontario and Manitoba divisions with programs of expanded production, mine closures and workforce reduction.In Ontario, increased production from McCreedy East i…
COMMENTARY — Gold little understood
Almost everything we hear or read about gold’s downward price trend these days points to its failure to react to perceived political crises and ongoing sales of gold by some central banks. The unmista…
STOCK MARKET — Toronto markets take a welcome breather — Base metals hold their own but
golds tank — againThe Toronto Stock Exchange was fractionally lower over the trading period Nov. 12-18, with the TSE 300 composite index sliding 34.29 points, or 0.5% of value, to 6,752.23.The narrow…
DIAMOND PAGE — Spider hits lamproitic rocks near diamond find St. Genevieve Group stablemates Spider Resources (SPQ-A) and KWG Resources (kwg-t) have begun drilling for diamonds in south-central Brazil.
The first drill hole Spider drilled in the Contendas structure on KWG’s Paraniaba project hit 29 metres of what Spider has interpreted to be epiclastic crater-facies sediments in a large lamproitic cr…
DIAMOND PAGE — Klipdam boosts profit for Sonora
Toronto-based Sonora Diamond (SON-T) saw losses turn to profits this past quarter, as the Klipdam mine ramped up to full production levels.The quarter ended Sept. 30 was the first in which Klipdam, wh…
GREATEST VALUE TARDED, Nov. 12-18
ExchgValue(000’s)HighLowCloseChange.ZSBarrick GoldT…