News

China to let individuals trade gold

Chinese gold bugs will be allowed to trade in the precious metal under reforms that are designed to upgrade trading on the country’s burgeoning gold market.



Neil Novak, chief operating officer and vice-president exploration of Spider Resources, at the McFauld's Lake camp.

VMS shines at McFauld’s Lake

McFauld’s Lake, Ont. — Like many other places in Canada, summer is short at McFauld’s Lake in the James Bay Lowlands of northern Ontario, however setting this area apart is a hot new volcanogenic massive-sulphide (VMS) play.



An aerial view of the Diavik mine located on a 20-sq.-km island in Lac de Gras in the Northwest Territories. Diamond-rich ore is mined from the A-154 South pipe (centre) and trucked to the processing plant situated in the upper left of the photo.

Diavik turns in strong performance

Exceeding expectations in nearly all aspects, the Diavik diamond mine in Canada’s Far North is operating well ahead of original design.


A view of the Robinson mine's Liberty pit.

Robinson mine reopens in eastern Nevada; Quadra

Vancouver — Quadra Mining (QUA-T) has made its debut as a metals producer with the recent start-up of the concentrator at its Robinson open-pit copper-gold mine, situated 11 km west of Ely in eastern Nevada.


Ivan wreaks havoc in Caribbean

Hurricane Ivan, a category-5 storm, has struck with a vengeance, causing devastation in Grenada and extensive damage in other areas of the Caribbean.



Miners recover as metals bounce

Metal prices rebounded across the board during the Sept. 8-14 report period; accordingly, the Toronto Stock Exchange’s gold index rose 5.26 points to end at 195.96. The yellow regained some shine, not to mention US$8.95 to make US$405.25 per oz. b…


Shear adds to Churchill discoveries

Spurred on by promising pyrope garnet indicator-mineral till chemistry, Shear Minerals (SRM-V) has added to the number of kimberlites at its Churchill diamond project in Nunavut, with the discovery of four new bodies.



Peru backs Yanacocha

The Peruvian government says it won’t give into local protesters and revoke a permit allowing Minera Yanacocha, controlled by Newmont Mining (NEM-N) and Peru’s Minas Buenaventura (BVN-N), to explore for gold a…


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