Queenstake sells Magistral to Nevada Pacific
Junior Nevada Pacific Gold (NPG-V) intends to make the jump to producer after striking a deal to acquire Queenstake Resources’ (QRL-T) Magistral gold mine in the northern Mexican state of Sinaloa.Quee…
News
Seeking specialization
Economic diversification makes rural communities less vulnerable to economic variability, according to the latest edition of Rural and Small Town Canada Analysis Bulletin.The authors, Marjorie Page an…
Branding and the diamond industry
I’m sure it has happened to practically everyone: you’re at an airport, yet another flight, and no book to read . . . panic. The terminal did not have a particularly good bookshop and, as time ran out…
Gympie’s Southland colliery evacuated (January 05, 2004)
Abnormally high methane concentrations at the Southland colliery in New South Wales, Australia, have forced operator Gympie Gold (GGD-L) to evacuate the mine.A mined-out area near an actively producin…
Osisko makes for Brazil (January 05, 2004)
Brazilian explorer and developer Amazonia Mineracao will allow Montreal-based Osisko Exploration (OSK-V) to acquire up to a 75% interest in the Barro Alto gold property in Goias state.The property wil…
Producer and Dealer Prices (January 05, 2004)
Antimony: Mid-mkt US$2,135/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.62/lb.Cobalt: Recent trades US$17.90-21.50/lb.Copper: Comex Mar. US$1.0435/lb.Indium: Indium Corp., ingot, US$320/kg.Irid…
Majestic disappointed in Slovakia
Vancouver — Results from Majestic Gold’s (MJS-V) recently completed 4-hole drilling program at the Ceske Brezovo prospect in Slovakia failed to return any significant gold mineralization.Majestic was…
Orezone tests Bondi project
The first seven infill holes drilled on the Bondi gold property in Burkina Faso have returned encouraging results for Orezone Resources (ORZ-T).The reverse-circulation (RC) program focused on the Main…
Spot Prices Monday, Dec. 29, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$412.00+2.30Silver$5.86 +0.20Platinum$826.00+8.00…
People (January 05, 2004)
CIM — Jean Vavrek appointed executive director.Corex Gold — Patrick Downey appointed director; Robert McKeen appointed corporate secretary.LBX Co. — Michael Davis appointed VP marketin…
China key to stronger base metals markets
Prospects for continued strong base metals price performance are good for 2004.Fiscal and monetary stimulus is boosting new manufacturing orders rapidly in the Western World, prompting metal consumers…
The Northern Miner Indices (January 05, 2004)
North American Mining: 116.03 (+5.73)Small Producers: 115.64 (+8.68)(Sept. 30/98 = 100)…