SKN eyes more ground near Boka (August 25, 2003)
Vancouver — SKN Resources (SRL-V) has added 24.6 km to its already-impressive land holdings around Southwestern Resources’ (SWG-T) Boka gold project in China’s Yunnan province.Dubbed Tuobuka, the new…
2003
Producer and Dealer Prices (August 25, 2003)
Antimony: Mid-mkt US$2,270/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.68/lb.Cobalt: Recent trades US$9.80-11.25/lb.Copper: Comex Sept. US$0.8025/lb.Indium: Indium Corp., ingot, US$180/kg.Irid…
Metallurgical tests positive at Casposo
Metallurgical tests on drill core from the Casposo gold-silver deposit in Argentina suggest the mineralization may be easy to mill and leach.Project operator Intrepid Minerals (IAU-V) engaged the Inst…
Exchange Rates (August 25, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 19Aug. 18Aug. 15Aug. 14Aug. 13US$ in C$1.40091.39091.38721.3…
Gammon Lake raises funds (August 25, 2003)
Gammon Lake Resources (GAM-T) has raised $17.25 million in a private placement, with proceeds earmarked for the Northeast Ocampo gold-silver project in Mexico.The Dartmouth, N.S.-based company issued …
Kinross pulls plug on Lupin
Soaring costs have forced Kinross Gold (K-T) to suspend operations at its Lupin mine in Nunavut, 400 km northeast of Yellowknife.Despite a restructuring plan that improved costs, the stronger Canadian…
Bulls charge, gold bugs fly higher
The “Blackout of 2003” failed to darken the mood of investors, who pushed the Toronto Stock Exchange composite index 128.80 points higher over the Aug. 13-19 report period. The benchmark finished at 7…
Suppliers Roundup (August 25, 2003)
Knelson to build screensLangley, B.C.-based Knelson Gravity Solutions will begin building screens for filtering coarse ore from fine ore, under the brand name Knelson-Sizetec. The deal is part of a ma…
Claude squeaks by in second quarter
Higher headgrades and stronger gold prices enabled Claude Resources (CRJ-T) to offset the weaker U.S. dollar and record a small profit for the 3-month period ended June 30.Net earnings totalled $107,0…
Number nailed on Segala
Preliminary reserve estimates at the Segala gold deposit in western Mali put the size of the deposit at 383,000 oz.Estimates by Snowden Mining Industry Consultants, who were engaged by owner Nevsun Re…
Editorial Cartoon (August 25, 2003)
Bendigo eyes Victorian revival
Bendigo, Australia — Bendigo Mining is looking to extract up to 25 million oz. gold from the historic goldfield after which it is named, here in central Victoria state.Making a bit of history itself,…