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…
News
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…
Namco hits a sweet spot (August 05, 2002)
Marine diamond miner Namibian Minerals (NMR-T) has set a 1-day production record, hauling up an astonishing 16,417 carats from 1.9 sq. km of Feature 22.The parcel, which includes 54,240 stones, was re…
Sherritt enjoys coal-fired quarter
Higher realized nickel prices helped Sherritt International (S-T) to improved second-quarter net earnings of $24.6 million.The profit, which translates into 15 per diluted share, is a marked improvem…
AngloGold trims hedge
Eyeing a strengthening gold price, AngloGold (AU-N) trimmed its hedge book by another 2.4 million oz., to 10.5 million oz., during the second quarter.The move, which followed a 1.7-million-oz. reducti…
Penasquito continuity confirmed (August 05, 2002)
Vancouver — The latest assay results from a recently completed 6,900-metre drill program on the Penasquito base metal property in Mexico have prompted Western Copper Holdings (WTC-T) to drill an addi…
Starfield bullish at Ferguson Lake
Vancouver — Starfield Resources (SRU-V) reports encouraging results from stepout and infill drilling at its Ferguson Lake nickel/copper/ cobalt/platinum-group-metal project in Nunavut.A stepout hole …