Silver stocks take flight
With silver spot prices soaring US20, to US$5.86 per lb., all the U.S.-listed silver stocks enjoyed strong gains during the 4-day period ended Dec. 29.Leading the way was Idaho-based Coeur d’Alene Mi…
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Gympie’s Southland colliery evacuated (January 05, 2004)
Abnormally high methane concentrations at the Southland colliery in New South Wales, Australia, have forced operator Gympie Gold (GGD-L) to evacuate the mine.A mined-out area near an actively producin…
Seeking specialization
Economic diversification makes rural communities less vulnerable to economic variability, according to the latest edition of Rural and Small Town Canada Analysis Bulletin.The authors, Marjorie Page an…
Canadian Stock Exchange Indices (January 05, 2004)
DateDec. 29Dec. 26Dec. 25Dec. 24Dec. 23HighLowTSX Composite8260.54…
MacMillan eyes private placement (January 05, 2004)
Junior MacMillan Gold (MMG-V) is trying to raise $1 million to fund an ongoing drill program at its Cerro de Oro gold-silver project near Zacatecas, Mexico.In early December, MacMillan renewed drillin…
Mongolia gives licences to Ivanhoe
Government officials in Mongolia have issued four 60-year mining licences to Ivanhoe Mines (IVN-T).The licences, which are renewable for an additional 40 years, cover 238 sq. km, including the company…
Verena dusts off Bonfim (January 05, 2004)
With $1.8 million in hand from a private placement, Verena Minerals (VML-V) is preparing to dewater and refurbish underground workings at the Bonfim gold-tungsten-bismuth project, 120 km west of Natal…
Kinross drops Pac Rim shares
Kinross Gold (K-T) has sold its entire stake in junior Pacific Rim Mining (PMU-T); the 17.6 million shares sold represent 22% of the latter’s share base.Toronto-based GMP Securities says institutional…
CIM adopts guidelines for mineral estimation
The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) has adopted best-practice guidelines for the estimation of mineral resources and mineral reserves, as recommended in a report released …
Majestic disappointed in Slovakia
Vancouver — Results from Majestic Gold’s (MJS-V) recently completed 4-hole drilling program at the Ceske Brezovo prospect in Slovakia failed to return any significant gold mineralization.Majestic was…
Orezone tests Bondi project
The first seven infill holes drilled on the Bondi gold property in Burkina Faso have returned encouraging results for Orezone Resources (ORZ-T).The reverse-circulation (RC) program focused on the Main…
Daily Metal Prices (January 05, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 29Dec. 26Dec. 25Dec. 24Dec. 23Al Alloy1456/149…