De Beers Consolidated Mines Limited

Writedowns pull SouthernEra into red

Writedowns eroded what would otherwise have been a profitable year for SouthernEra Resources (SUF-T).In 1999, net losses totalled $24 million (or 90 per share) on revenue of $48 million, compared wit…


Gold benefits from recent market whipsaw

The Dow Jones industrial average climbed 228.73 points to finish the report period ended April 4 at 11,164.84, despite wild fluctuations on the last trading day. It plunged as much as 500 points durin…


Juniors persevere in search for prairie diamonds

Although diamond exploration in Saskatchewan never attracted the amount of attention it did in Alberta, a handful of companies are determined to continue the search.Saskatoon-based Shore Gold (SGF-V) …




Drills turn at Royce diamond project

Monopros, the Canadian exploration division of De Beers Consolidated Mines (DBRS-Q), is drill-testing prospective targets on the Royce diamond claims, 150 km northwest of Yellowknife, N.W.T.A till-sam…


Dow rockets, gold sputters

During the report period ended March 21, the Dow Jones industrial average gained 1,096.1 points, or 11%, to close at 10,907.24. The rally was highlighted by a record gain of nearly 500 points on March…


Palmietgat diamond project moves forward

With a mining permit in hand, Trivalence Mining (TMI-V) expects production to begin by April at the Palmietgat diamond project in South Africa.The 20.8-sq.-km property, situated 70 km north of Pretori…


De Beers tables grade estimates for Tuzo kimberlite

Despite a slight increase in the grade estimate of the Tuzo pipe at the Kennady Lake diamond project in the Northwest Territories, the value per carat has decreased by US$25. Consequently, Monopros, t…


Rocky Dow leaves gold cold

The Dow Jones industrial average gained 15.21 points, or 0.15%, during the report period ended March 14 to close at 9,811.24 in turbulent trading.The uncertainty in the broader market had little effec…


Dow posts heavy losses

The Dow Industrials got pummeled during the report period ended March 7, falling 332.28 points, or 3.3%, to 9,796.03. It was the second time in two weeks the Dow had dipped below the 10,000 mark, as t…



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