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 …
News
Indonesia says mining will continue in protected forests
The Indonesian government will allow 13 mining companies to continue operations despite violations of the country’s forestry law.The move provides a boost to the mining industry after a controversial …
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…
StrataGold to drill Hyland
A $700,000 drilling program is planned for the “Carlin-type” gold project known as Hyland, 70 km northeast of Watson Lake, Y.T.Owner StrataGold (SGV-V) will perform the drillling, which is to be funde…
Falconbridge OKs Nickel Rim South
Falconbridge (FL-T) has approved a US$368-million program of definition drilling underground at its Nickel Rim South deposit in Sudbury, Ont.The program is expected to last five years and will begin i…
Silk Road goes for Gansu gold
Toronto-based Silk Road Resources (SIL-V) is gearing up to explore a large package of gold properties in China’s Gansu province.Chris Sennitt, newly appointed vice-president of exploration, has mobili…
The trouble with gold
The following is an excerpt from The Trouble with Gold . . . a promising treasure from Cripple Creek, a novel by Jim Davis, a Colorado geologist and prospector. The story concerns a man searching for …
Happier prospects
We’ve mentioned before in this space that the annual convention of the Prospectors and Developers Association of Canada is the best place to judge the mood of the mineral exploration business, but not…
BHP streamlines management
The biggest corporate shuffle during the period ended March 16 was carried out by the world’s largest mining company, BHP Billiton. The major has brought its customer-sector-groups division under thre…
Daily Metal Prices (March 22, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 16March 15March 12March 11March 10Al Alloy157…
Trading Summary (March 19, 2004)
The Toronto market was in positive territory on Friday, as the TSX Composite index added 27.91 points to finish the…