Trading Summary (July 21, 2003)
A US$4.05-per-oz. gain by gold to US$351.10 per oz. in New York pushed Toronto Gold index 4.65 points, or 2.8%, hig…
News
Bambari drilling turns up gold at depth (July 21, 2003)
Recent drilling by Axmin (AXM-V) at the Bambari property in the Central African Republic has confirmed mineralizati…
Falco boosted by higher nickel prices, tax cut
Higher nickel prices and a one-time $12-million tax recovery owing to changes in federal resource taxes helped Falc…
Drill turns at Gibraltar
Vancouver — Taseko Mines has launched a 2,600 metre exploration drill program over its past producing Gibraltar co…
New crusher for NAP
Lower throughput rates continue to plague North American Palladium (PDL-T) at the Lac des les palladium mine near Thunder Bay, Ont.Production totalled 59,069 oz. in the three months ended June 30, co…
Aquiline confirms Calcatreu grades (July 21, 2003)
Vancouver — A 14-hole drill program by Aquiline Resources (AQI-V) has enhanced the economic potential of the Calcatreu gold project in Patagonia, Argentina.The 1,275-metre program, which included 10 …
Junior exchange sings summertime blues (July 21, 2003)
Canada’s junior exchange retreated somewhat during the report period ended July 15 as the price of bullion lost some lustre. The S&P-TSX Venture Exchange composite index shed 9.88 points, or 0.88%, to…
Cumberland eyes $25m
Cumberland Resources (CBD-T) plans to raise up to $25 million by selling 7 million units and 1 million flow-through shares, with proceeds earmarked for the Meadowbank gold project in Nunavut.Under a b…
South African mines among most dangerous
Nineteen people died in South African mine accidents in June, two others were disabled, and 334 more were injured, according to the Department of Minerals and Energy.The June figures compare with 21 d…
Kirkland Lake restarts Macassa mill
Ending a 4-month production hiatus, Kirkland Lake Gold (KGI-T) has resumed milling operations at the Macassa mine in northern Ontario.In early March, Kirkland Lake Gold was forced to suspend operation…
Aussie gov’t orders shorter work week
Workplace Standards, an Australian government body designed to protect workers, has ordered a Tasmanian mine contractor to cut back on its work week at the Mt. Lyell copper mine on Tasmania’s west coa…
AMC, Ford nix Stanwell deal
Australian Magnesium Corp. (AMC) and U.S. car giant Ford Motor Co. have scrapped a A$2-billion magnesium supply agreement.The agreement called for AMC to supply Ford with half the output from the part…