2004

Gulf International axes non-compete payments

Gulf International Minerals (GIM-T) has decided not to make any post-termination payments to recently ousted president and CEO Alastair Ralston-Saul.Earlier this year, the company agreed to pay Ralsto…


Cameco’s Boroo on-stream

Cameco’s (CCO-T) 53.2%-owned Boroo gold mine, 110 km northwest of Ulaanbaatar in Mongolia, has started commercial production.The open-pit operation is owned and operated by Boroo Gold, an indirect sub…


Alaska mining on the rise

Rising metal prices sparked the Alaska mining industry last year, according to the Geological Survey of Alaska.The total value of mineral exploration, development, and production is expected to hit US…


Eldorado writes down Sao Bento

Vancouver-based Eldorado Gold (ELD-T) posted a net loss of US$45 million for 2003, largely because of a US$39.5-million writedown of the value of the Sao Bento gold mine in Brazil. By comparison, the …



Producer and Dealer Prices (March 22, 2004)

Antimony: Mid-mkt US$2,915/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.55/lb.Cobalt: Recent trades US$24-28.50/lb.Copper: Comex May US$1.366/lb.Indium: Indium Corp., ingot, US$485/kg.


NAP nearly doubles production (March 22, 2004)

With the new primary crusher at its Lac des les mine, near Thunder Bay, Ont., fully operational, North American Palladium (PDL-T) enjoyed a profitable fourth quarter.During the three months ended Dec…


Falconbridge OKs Nickel Rim South

Falconbridge (FL-T) has approved a US$368-million program of definition drilling underground at its Nickel Rim South deposit in Sudbury, Ont.The program is expected to last five years and will begin i…


Silk Road goes for Gansu gold

Toronto-based Silk Road Resources (SIL-V) is gearing up to explore a large package of gold properties in China’s Gansu province.Chris Sennitt, newly appointed vice-president of exploration, has mobili…


The trouble with gold

The following is an excerpt from The Trouble with Gold . . . a promising treasure from Cripple Creek, a novel by Jim Davis, a Colorado geologist and prospector. The story concerns a man searching for …


Happier prospects

We’ve mentioned before in this space that the annual convention of the Prospectors and Developers Association of Canada is the best place to judge the mood of the mineral exploration business, but not…


BHP streamlines management

The biggest corporate shuffle during the period ended March 16 was carried out by the world’s largest mining company, BHP Billiton. The major has brought its customer-sector-groups division under thre…


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