Twin recovers 1-carat stone from Baffin Island
Twin Mining (TWG-T) has recovered several commercial-size stones, including one weighing one carat, from test pits on the Freightrain kimberlite prospect at Baffin Island in Nunavut.This past spring, …
News
Drilling a bust at LDG
Drilling by De Beers Canada Exploration on the LDG (formerly Thor) property in the Northwest Territories failed to intersect kimberlite.Three targets were drilled on the basis of till sampling and gro…
Full steam ahead at Diavik mine
Construction of what will be Canada’s second diamond mine is in full swing at a time when the nation’s diamond industry is marking the 10th anniversary of Chuck Fipke’s monumental discovery.London-bas…
Homestake books new reserve at Veladero
Further drilling by operator and 60% owner Homestake Mining (HM-N) at the Veladero property in the Argentine Andes has nearly doubled gold reserves and upped silver reserves by 60%. But engineering wo…
Halmahera project put on the shelf
Vancouver — Political uncertainty in Indonesia has come home to roost for prospective nickel laterite miner Weda Bay Minerals (WDA-T).The company has suspended work on its nickel and cobalt project o…
Hedging boosts Placer Dome’s results
Helped by a hedging program that generated a US$50-premium for every ounce of gold produced at its international stable of mines, Placer Dome (PDG-T) posted a US$49-million profit for the first six mo…
Mindoro permit withdrawn
The cancellation of a key permit by a branch of the Philippine government has forced Crew Development (CRU-T) to suspend development at its nickel laterite project on the island of Mindoro.The licence…
Archon unsuccessful at drilling targets in NWT
Dentonia Resources (DTA-V), a one-third owner of DHK Diamonds, reports that the first four of five airborne “Falcon” targets to be drill-tested by Archon Minerals (ACS-V) on the DHK and WI joint-ventu…
Newmont on track for production targets
Despite a disappointing second quarter, Newmont Mining (NEW-N) says it is on track to meet this year’s targets of 5.4 million oz. gold produced at a total cash cost of US$180 per oz.Production in the …
Expo-Ungava yields more PGMs
Having taken another look at some assay pulps from four holes collared by a previous operator on the Expo-Ungava copper-nickel deposit in 1997, Canadian Royalties (CZZ-V) is reporting more platinum an…
Spot Prices Wed. July 25, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$269.25+$1.15Silver$ 4.26+$0.02Platinum$502.00-$…
Exchange Rates (July 30, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 24July 23July 20July 19July 18US$ in C$1.53811.54461.54481.5…