Greenland to get its first gold mine
London-based Crew Development (CRU-T) is just months away from opening its high-grade Nalunaq mine, which will rank as Greenland’s first-ever gold mine and the first new mine on the island in 25 years…
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Goldcorp cashes in on gold rally
Higher gold prices and a slew of encouraging earnings reports augured well for Canadian producers over the Oct. 21-28 report period. The Toronto Stock Exchange’s gold sub-group climbed 10.71 points to…
DRD gains 20% of Porgera
South African-based Durban Roodepoort Deep (DROOY-Q) has agreed to acquire Australian-listed Oil Search’s 20% interest in the 760,000-oz.-per-year Porgera gold mine in Papua New Guinea, for US$73.8 mi…
LME Warehouse Levels (November 03, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 27 (change from Oct. 20 in brackets):MetalStock(tonnes)ChangeAluminium1371775(+3…
Northern Miner Indices (November 03, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T17.1%CamecoCCO-T3.3%FalconbridgeFL-T5.0%Freeport McM BFCX-N8.2%GoldcorpG-T4.3%IncoN-T8.7%Kinross GoldK-T4.3%Newmont MiningNEM…
Committee Bay seals deal with Gold Fields
Vancouver — With the results from a 1,477-metre drill program in hand, Gold Fields (GFI-N) has elected to proceed with a joint venture agreement at Committee Bay Resources’ (CBR-V) flagship gold prop…
Producer and Dealer Prices (November 03, 2003)
Antimony: Mid-mkt US$2,100/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$10.00-11.10/lb.Copper: Comex Dec. US$0.904/lb.Indium: Indium Corp., ingot, US$180/k…
Diamonds North finds more stones at Blue Ice
Having completed a second season of exploration field work on the Victoria Island diamond projects in the High Arctic region of both Nunavut and the Northwest Territories, Diamonds North Resources (DD…
Anglo, Philex hit second porphyry
Vancouver — Perseverance and a good-sized exploration budget have enabled partners Anglo American (AAUK-Q) and Philex Gold (PGI-V) to find a second mineralized copper-gold porphyry body near the high…
New kimberlite discoveries in Quebec
Ashton Mining of Canada (ACA-T) and Soquem have discovered two new small kimberlites while wrapping up a fall drilling program on their Foxtrot property in the Otish Mountains region of northern Quebe…
Met tests augur well for Cerro de Maimon
Results from metallurgical tests point to higher recovery rates at the advanced Cerro de Maimon copper-gold project in the Dominican Republic.In July, a resource update prepared for Globestar Mining (…
Suppliers Roundup (November 03, 2003)
China eyes HIsmelt technologyAustralia-based HIsmelt, a wholly owned subsidiary of Rio Tinto, has signed a licensing agreement with the Laiwu Steel Group of China to develop an iron-making plant using…