Golden Star to double production
Denver-based Golden Star Resources (GSC-T) expects to be pouring gold from its Wassa project, 150 km west of Accra, Ghana, in the first quarter of 2004.An independent feasibility study envisages an op…
News
Atna adopts mostly-gold strategy
Elko, Nev. — After years of trying to develop a string of base metal projects, Atna Resources (ATN-T) has reinvented itself as a gold explorer in Nevada’s Carlin trend.The company had tried to fund e…
Diamonds North targets Victoria Island (July 28, 2003)
Diamonds North Resources (DDN-V) has returned to Victoria Island in Nunavut, hoping to build on last year’s diamond exploration program, in which 11 kimberlite bodies and showings were found.This year…
Base metal mining proves profitable
The period ended July 22 was highlighted by several positive earnings reports from some of Canada’s biggest base metals companies.Inco rose 64 to $30.09 as it announced net second-quarter earnings of…
WMC finds Meliadine West buyer
Australia’s WMC Resources (WMC-N) is dusting off the 4.5-million-oz. Meliadine West property in Nunavut and selling its 56% stake to Comaplex Minerals (CMF-T), a Calgary-based junior that already hold…
Fifteen Years Ago / August 1988
Noranda buys Falco blockNoranda has quietly gone to the open market and emerged as Falconbridge’s largest shareholder.While the market was distracted by some heavy trading of the Falconbridge issue, N…
South African strike unlikely
Talks regarding a new contract for miners in South Africa reached an impasse in mid-July, and workers in the world’s biggest gold-producing country set a deadline of late July for the first nationwide…
Editorial Cartoon (July 28, 2003)
The diamond war
With an American expeditionary force waiting offshore, and a body of Nigerian troops ready to move into Monrovia, the Liberian civil war may at last be reaching its end-game.In recent weeks there has …
Kimberlites elude Majescor
After drill-testing 11 geophysical targets at its Portage project in Quebec, Majescor Resources (MAJ-V) reports that no kimberlite was intersected.The company used a reverse-circulation rig to sample …
No diamonds for Ashton at Caltha
The Caltha kimberlite, which was discovered this past spring on the Ric property in the Coronation Gulf region of Nunavut, has proved barren of diamonds.Ashton Mining of Canada (ACA-T) found the kimbe…
LME Warehouse Levels (July 28, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 22 (change from July 15 in brackets):MetalStock(tonnes)ChangeAluminium1289825(+3…