Depleting reserves and a lack of development capital are creating a crisis in the Russian mineral sector, according to representatives of the Russian Ministry of Economics.At a conference in Moscow, t…
The troubled life of the Colomac gold mine in the Northwest Territories will soon come to an end.Owner Royal Oak Mines (ryo-t) has decided to shut down the mine in October, citing a feeble gold price …
For the eighth consecutive year, silver demand has exceeded supply from mine production and scrap, according to a survey released by the Washington, D.C.-based Silver Institute.The increased demand in…
The Diavik diamond project near Lac de Gras in the Northwest Territories just got a little larger, but by analysis rather than drilling.Ongoing resource modelling work has increased the level of confi…
A month or so ago, western markets were hit by the double whammy of low gold prices and the post-Bre-X blues. But over our report period ended Aug.5, a pulse and a heartbeat could be heard on both the…
1997Aug 5Aug 4Aug 1July 31July 30HighLowComposite…
Aluminium: LME settlements US$1,723.50 per tonne, alloy $1,490 per tonne (Aug. 5/97).Antimony: Composite free market, US$1,900 per tonne (Aug. 5/97).Bismuth: Composite free market US$3.70 per lb. (Aug…
Recent drilling has confirmed the presence of a wide zone of copper mineralization within a known massive sulphide deposit at the Estaco base metal project in the Aljustrel area of southern Portugal.F…
Despite a generally positive feasibility study for the Amayapampa gold project in Bolivia, Vista Gold (vgz-x) says mining would be uneconomic unless gold prices rise above US$350 per oz.The study call…
Rio Tinto (rtp-n) has farmed out a minority interest in the Wafi copper-gold porphyry in Papua New Guinea to an Australian firm.The British giant has given Provincial Gold Fields the opportunity to ac…
Toronto-based junior Golden Goose Resources (ggr-t) has revised the resource estimate for its Magino gold mine property, 45 km northeast of Wawa, Ont.The company is hoping to revive the former undergr…
High River Gold Mines (hrg-t) has upgraded to 1 million oz. its gold resource estimate for three deposits on the Taparko Shear zone in Burkina Faso.The indicated and inferred resource for the three zo…
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