Campbell writedowns dent bottom line
Continued low gold prices, suspension of mining operations at the Joe Mann underground gold mine in northern Quebec and writedowns totalling $45.7 million all resulted in a considerable loss for Campb…
News
Dow, gold continue climb
Denver — The Dow Jones industrial average climbed 113.99 points, or 1.1%, during the holiday-shortened report period April 11-17 to close at 10,216.73.Comex spot gold on the New York Mercantile Excha…
LME Warehouse Levels (April 23, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 17/01 (change from April 10 in brackets):MetalStock (tonnes)ChangeAluminium…
Base metals gain steam
The report period April 9-12 was encouraging for base metals markets, based on strong rallies in nickel, which saw its average cash price gain 5.2%, and aluminum, which gained 1.8%. Both markets were …
Idaho Consolidated active at Stillwater complex
Denver — Idaho Consolidated Metals (IDO-V) expects to begin its first round of drilling on the Stillwater complex in southwestern Montana.The junior, which owns 110 sq. km adjacent to the platinum pa…
PEOPLE (April 23, 2001)
Azimut — Andr Gaumond appointed interim president.GGL Diamond — John Auston appointed director.Gold Canyon — Nathan Tewalt appointed geological consultant.Ivernia West…
WGC promotes gold mining in Latin America
Acting as lobbyist for some of the world’s biggest gold miners, the World Gold Council has sponsored the publication of a study titled The New El Dorado: The Importance of Gold Mining to Latin America…
Golden Temple encouraged at Yagul project in Mexico
Initial exploration by Golden Temple Mining (GTM-V) has confirmed the potential for stratiform copper and Mississippi Valley-type lead-zinc mineralization at the Yagul property, in the Monclava distri…
Anglo American sizes up Arex deposit in Brazil
Anglo American (AAUK-Q) has tabled an independent resource estimate for the Arex deposit in Brazil’s Mato Grosso del Norte state.Based on 74 drill holes, consultant ACA Howe International estimates th…
El Tesoro mine aims for spring startup
Beginning in May, London-listed Antofagasta expects to produce 75,000 tonnes of cathode copper per year at the newly completed El Tesoro heap-leach mine. Antofagasta holds a 61% interest in the US$296…
Rockwell starts drilling at Pedra Branca
Vancouver — Rockwell Ventures (RCW-V) and its Denver-based partner, Solitario Resources (SLR-T), have commenced drilling at the Pedra Branca platinum-palladium-rhodium project in northeastern Brazil….
Tiberon puts project on fast track
Hanoi, Vietnam — With its sights set on delineating a viable skarn tungsten polymetallic deposit, Tiberon Minerals (TBR-V) is engaged in aggressive drilling at its Nui Phao property in northern Vietn…