Partners hit the mark with first Hadley hole
Partners Canabrava Diamond (CNB-V) and Diamonds North Resources (DDN-V) have cut kimberlite on their first hole on…
News
AurionGold fires parting shot as deadline looms
Placer Dome (PDG-T) has lowered the broker inducement fee it will pay in relation to its bid for all of the shares…
Trading Summary (August 06, 2002)
The gold issues led the S&P/TSX Composite Index 17.31 points lower to 6,519.16 points on Tuesday. The move brought…
Pacific Minerals confirms grades (August 05, 2002)
Vancouver — The first nine holes of a planned 2,500-metre underground drill program on the JBS platinum-palladium-nickel-copper deposit in southwestern China have returned high-grade values for opera…
More miners killed in China
A gas explosion has killed 18 miners at an unlicensed pit in China’s southwestern province of Guizhou, and seven more miners were injured in another blast at the nearby Taojiawan coal mine.The latest …
IGI to open Toronto lab
The International Gemological Institute (IGI), based in New York, N.Y., will open a lab in Toronto to certify diamonds for the Canadian market.The Toronto lab will include seven Canadians and three IG…
Producer and Dealer Prices (August 05, 2002)
Antimony: Mid-mkt US$1,720/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.50/lb.Copper: Comex Sept US$0.6925/lb.Indium: Ind…
Barrick up US$59m in Q2
Second-quarter earnings by Barrick Gold (ABX-T) were steady at US$59 million, as the company completed its first six months as a half-hedger in the gold market.Barrick’s profit of US11 per share came…
Nine miners survive underground ordeal
Nine men were rescued without serious injury after spending 77 hours trapped in a water-filled stope of an underground coal mine in Pennsylvania, 90 km southeast of Pittsburgh.As much as 225,000 cubic…
Exchange Rates (August 05, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 30July 29July 26July 25July 24US$ in C$1.57311.57221.58651.5…
Artemisia proves low-grade with lack of big stones (August 05, 2002)
The results of a mini-bulk drill sample from Artemisia, one of the promising kimberlites Ashton Mining of Canada (ACA-T) discovered last fall in the Coronation Gulf region of Nunavut, indicate that th…
Consumer buying augurs well for metals
Metals prices continued to move in lock step with equity market indices for the time being. This is not the usual picture in the early stages of an economic upturn. Weak equity markets have not hamper…