Orezone extends Bondi
Reverse-circulation drilling by Orezone Resources (ORZ-T) has extended the Main zone at the Bondi project in Burkina Faso by about 1,300 metres to at least 2.1 km.Drilling at the southern end of the z…
News
Koidu sells initial production (February 16, 2004)
Partners DiamondWorks (DMW-T) and privately held Magma Diamond Resources have sold the first lot of stones from the recently revived Koidu project in Sierra Leone.In January, 8,099 carats of diamond w…
Broad market rises as golds and base metals heat up
With strong support from the resource sector, the S&P/TSX composite index jumped 90.81 points over the Feb. 4-10 report period to end the week at 8,751.51.Gold rose US$6.60 in overseas trading to sett…
IMA celebrates Navidad discovery
More than halfway through an 8,500-metre drilling campaign, IMA Exploration (IMR-V) is demonstrating some size potential to the Navidad silver discovery in Argentina’s Patagonia region.Drilling at Gal…
Dutch courage
“No money disappeared, [there were] just non-existent assets.” — Michele Ributti, lawyer for Callisto Tanzi, former CEO of scandal-plagued Italian company Parmalat.How reassuring to know that the eur…
Mining resumes at LaRonde
Agnico-Eagle Mines has resumed full-scale underground mining at its LaRonde gold mine in northwestern Quebec following a fatality.Mining had been scaled back by about 30% to 5,000 tons per day after a…
Tahera’s Jericho inches closer to development
The environmental impact statement for the Jericho diamond project of Tahera (TAH-T) has won conditional approval from the Nunavut Impact Review Board. The board’s findings have been forwarded to the …
Pipeline powers Royal Gold
A sliding-scale royalty at the Pipeline gold project in Nevada jumped to a higher rate late last year, enabling Royal Gold (RGL-T) to boost fourth-quarter earnings by 85%.The Denver-based company’s ne…
Producer and Dealer Prices (February 16, 2004)
Antimony: Mid-mkt US$2,600/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.55/lb.Cobalt: Recent trades US$27-29/lb.Copper: Comex Mar. US$1.1860/lb.Indium: Indium Corp., ingot, US$375/kg.Iridium: M…
Market moves with gold
Vancouver — Canada’s junior exchange made a big comeback over the week ended Feb. 10, as gold stocks started making positive gains. The S&P/TSX Venture Exchange composite index closed at 1866.18, up …
Strong rand clips AngloGold’s profits
Most export-oriented South African gold companies saw their 2003 earnings hampered by a strong rand, and AngloGold (AU-N) was no exception.Higher currencies in most other operating regions also affect…
The outlook for precious, base metals
Profit-taking is undermining the precious metals markets and, from a technical point of view, we expect gold, silver and platinum to remain subdued over the coming months. In a reversal of last year’s…