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…
News
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…
Gold Funds (April 15, 2002)
Gold Funds as at April 4, 2002Dundee Precious MetalsCentral FundNet Value$20.66$5.84Price$15.70$5.65…
Spot Prices Wed. April 10, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$298.70-$6.25Silver$ 4.56-$0.14Platinum$526.00-$…
Cyanide code for gold mining
The global mining industry has agreed upon a code for the management of cyanide at gold operations. The International Cyanide Code for Gold Mining is based on discussions among industry representative…
Scorpio tables Candelaria results (April 15, 2002)
Vancouver — Scorpio Mining (SPM-V) has tabled a final compilation of all drill results from surface and underground drilling on its Nuestra Senora polymetallic project in Mexico’s Sinaloa state.Betwe…
Semafo pours Guinean gold (April 15, 2002)
Montreal-based Semafo (SMF-T) has made the leap from explorer to miner by opening the Kiniero gold mine in Guinea.The open-pit operation, formerly known as Jean Gobele, was built at a cost of US$12.4 …