Majors suffer as gold drops below US$300
After holding above US$300 per oz. for more than two weeks, the price of gold crashed down through that psychological barrier to end the April 3-9 period down US$6.25 to US$298.70.As a consequence, Ca…
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The Old frontier
There has been a veritable explosion in international mining over the past ten years, and the scale and variety of projects in modern industrial Europe are showing us that discoveries are not confined…
Anatolia, Rio Tinto size up Cukurdere
Two years after forming a partnership, Anatolia Minerals (YMC.U-V) and Rio Tinto (RTP-N) have outlined a multi-million-ounce gold deposit at their Cukurdere project in eastern Turkey.Cukurdere is one …
La Motte uneconomic: Soquem
We read with great interest your article on Raymor Industries (T.N.M., March 11-17). While very interesting, the article stated that a prefeasibility study funded by Soquem on the La Motte property, h…
Rally ends as gold price slips
A 3-week rally by U.S. gold producers was abruptly halted during the April 3-9 report period, as bullion prices took a strong turn for the worse.In London, spot gold was off US$7.15 from the previous …
Central banks call for extended agreement
European central banks want to extend the Washington Agreement, which has helped lift gold prices by capping sales of bullion reserves.The agreement, signed in September 1999, limited gold sales by it…
Trans Hex shareholders OK restructuring
Shareholders have voted in favour of a plan put forward by management of Trans Hex International (THI-T) designed to settle the company’s debt with African parent Trans Hex Group (THG).THI will transf…
Altius seeks exploration funds
Junior Altius Minerals (ALS-V) is attempting to raise more than $1 million for its various exploration projects in Newfoundland.The financing will see the St. John’s-based explorer offer 1 million uni…
Amplats strike could spread
A strike currently confined to Anglo Platinum’s base metals refinery near Johannesburg could extend to the company’s precious metals refinery west of Pretoria.At the base metals plant, 300 members of …
Halls, Balint address discussion group
Henry Halls, a University of Toronto professor and authority on the Lake Superior Basin, will address the Toronto Geological Discussion Group on April 16.Halls will examine paleomagnetism, dyke swarms…
New shaft at Kidd Creek
Falconbridge has hired Cementation Skanska to sink the No. 4 shaft at its Kidd Creek mine, near Timmins, Ont.Kidd Creek is already North America’s deepest operating mine. The new shaft will extend mor…
Compensation for displaced miners
An announcement by Dan Newman, Ontario Minister of Northern Development and Mines, has broken previous written commitments made by the Ontario government to the exploration and mining sector. The gove…