Russian project delivers high-grade results
Results from ongoing drilling by Bema Gold (BGO-T) on a high-grade gold-silver prospect in Russia’s Far East region are confirming the potential for a near-surface, multi-million-ounce deposit.To date…
News
De Beers nabs diamond thieves
An ongoing investigation east of Pretoria, South Africa, has led to 20 arrests and the recovery of 590 stolen diamonds. Nineteen more people are being held for questioning.De Beers has been working wi…
People (August 25, 2003)
Barker — Trygve Hoy hired as a consultant in the Cariboo mining district of B.C.Barrick Gold — Peter Kinver appointed executive VP of operations.Dumont Nickel — David Constable appoint…
First Point trenches Rio Luna (August 25, 2003)
Preliminary trenching at the Rio Luna gold project in Nicaragua has returned tantalizing results for First Point Minerals (FPX-V).Situated 10 km north of the town of Boaco, the 126-sq.-km property hos…
Lending Rates (August 25, 2003)
as of 4 pm ET, Aug. 19, 2003(%)Bank of Canada3.00Canadian Prime4.75U.S. Discount Primary2.00U.S. Fed Funds market rate0.93U.S. Prime4.00LIBOR US$ 3-month1.13LIBOR US$ 6-month1.18LIBOR US$ 1-ye…
SKN eyes more ground near Boka (August 25, 2003)
Vancouver — SKN Resources (SRL-V) has added 24.6 km to its already-impressive land holdings around Southwestern Resources’ (SWG-T) Boka gold project in China’s Yunnan province.Dubbed Tuobuka, the new…
Producer and Dealer Prices (August 25, 2003)
Antimony: Mid-mkt US$2,270/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.68/lb.Cobalt: Recent trades US$9.80-11.25/lb.Copper: Comex Sept. US$0.8025/lb.Indium: Indium Corp., ingot, US$180/kg.Irid…
Metallurgical tests positive at Casposo
Metallurgical tests on drill core from the Casposo gold-silver deposit in Argentina suggest the mineralization may be easy to mill and leach.Project operator Intrepid Minerals (IAU-V) engaged the Inst…
Exchange Rates (August 25, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 19Aug. 18Aug. 15Aug. 14Aug. 13US$ in C$1.40091.39091.38721.3…
Gammon Lake raises funds (August 25, 2003)
Gammon Lake Resources (GAM-T) has raised $17.25 million in a private placement, with proceeds earmarked for the Northeast Ocampo gold-silver project in Mexico.The Dartmouth, N.S.-based company issued …
Kinross pulls plug on Lupin
Soaring costs have forced Kinross Gold (K-T) to suspend operations at its Lupin mine in Nunavut, 400 km northeast of Yellowknife.Despite a restructuring plan that improved costs, the stronger Canadian…
Bulls charge, gold bugs fly higher
The “Blackout of 2003” failed to darken the mood of investors, who pushed the Toronto Stock Exchange composite index 128.80 points higher over the Aug. 13-19 report period. The benchmark finished at 7…