Gold stocks down as bullion rises
This was a week of mainly sideways motion in the U.S. equity markets, with the Dow Jones Industrial Average rising 69.78 points to 9,923.42, as the Standard & Poor’s 500 Index fell 6.44 points to 1,06…
News
Stornoway reports strong microdiamond count
Summer drilling on the AV-1 kimberlite showing on the Melville Peninsula in eastern Nunavut has returned highly significant microdiamond counts showing good potential for larger, commercial-size stone…
Nevsun hits new zone at Bisha (December 15, 2003)
Drilling at the Bisha project in Eritrea has led to the discovery of a new massive sulphide zone, reports Nevsun Resources (NSU-T).The so-called NW zone was intersected in six holes collared on three …
BHP Billiton to sell stake in Highland Valley
Vancouver — BHP Billiton (BHP-N) has inked a deal with privately owned Quadra Mining to sell its 33.6% stake in the Highland Valley Copper mine, in British Columbia, as well as its 100% interest in t…
The Big Smoke
Plans for a hazardous-waste incinerator in Belledune, northwest of Bathurst, N.B., have run foul of two New Brunswick environmental groups: the Conservation Council and Environnement-Vie.The project p…
The Big Bang
Also in the Maritimes, we see that fishermen are protesting against offshore seismic testing being done by a contractor for junior hydrocarbon explorer Corridor Resources.Corridor holds an offshore ex…
Gold online Down Under
The Australian Gold Council (AGC) has launched the first Australian gold investment web site, at www.australiangoldinvestment.comThe site is useful for anyone wanting information on investment…
Gov’t expands underground lab
The Canada Foundation for Innovation will invest $38.9 million in the expansion of a laboratory for underground science in Sudbury, Ont.The money will be used to transform the existing Sudbury Neutrin…
Ontario engineers salute Seeley
Ontario engineers have honoured Lawrence (Larry) Seeley for transforming Lakefield Research into one of the largest commercial metallurgical testing and research firms in the world.Seeley received the…
Head grades fall at Orvana’s Don Mario (December 15, 2003)
Junior Orvana Minerals (ORV-T) reports disappointing head grades at the Don Mario gold mine in eastern Bolivia.In October and November, the mine processed 40,230 tonnes of ore with a head grade of 5.3…
Daily Metal Prices (December 15, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 9Dec. 8Dec. 5Dec. 4Dec. 3Al Alloy1426/1457…
Price squeeze has base metal issues jumping
Toronto equities were little-changed over the report period Dec. 3-9, a modest gain of 48.34 points putting the TSX Composite index at 7,975.94. The base metal and gold stocks headed in opposite direc…