News
Bendigo eyes Victorian revival
Bendigo, Australia — Bendigo Mining is looking to extract up to 25 million oz. gold from the historic goldfield after which it is named, here in central Victoria state.Making a bit of history itself,…
Microbes and mining
Noise is anathema to the modern mining industry, as it generally means wasted energy. In looking for better, less-loud ways of winning metals, the industry is increasingly turning to techniques that i…
Yamana expands in Brazil
Spokane-based Yamana Resources (YRI-T) has paid US$20.9 million for the Fazenda Brasileiro gold mine in northeastern Brazil. The vendor is Companhia Vale do Rio Doce (RIO-N).The funds were made possib…
De Beers nabs diamond thieves
An ongoing investigation east of Pretoria, South Africa, has led to 20 arrests and the recovery of 590 stolen diamonds. Nineteen more people are being held for questioning.De Beers has been working wi…
People (August 25, 2003)
Barker — Trygve Hoy hired as a consultant in the Cariboo mining district of B.C.Barrick Gold — Peter Kinver appointed executive VP of operations.Dumont Nickel — David Constable appoint…
First Point trenches Rio Luna (August 25, 2003)
Preliminary trenching at the Rio Luna gold project in Nicaragua has returned tantalizing results for First Point Minerals (FPX-V).Situated 10 km north of the town of Boaco, the 126-sq.-km property hos…
Gammon Lake raises funds (August 25, 2003)
Gammon Lake Resources (GAM-T) has raised $17.25 million in a private placement, with proceeds earmarked for the Northeast Ocampo gold-silver project in Mexico.The Dartmouth, N.S.-based company issued …
Kinross pulls plug on Lupin
Soaring costs have forced Kinross Gold (K-T) to suspend operations at its Lupin mine in Nunavut, 400 km northeast of Yellowknife.Despite a restructuring plan that improved costs, the stronger Canadian…
Redcorp hits new zone at Tulsequah Chief
Vancouver — At the Tulsequah Chief massive sulphide property in northwestern British Columbia, an ongoing 8,000-metre drill program has intersected a gold-rich zone 90 metres west of the current reso…
US traders eye producers
The Aug. 13-19 report period was a good time to be a metal producer south of the border, with gold, copper and diversified miners all moving ahead.Among the more notable issues in the gold sector was …
Spot Prices Wednesday August 20, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$362.20+6.20Silver$5.00+0.13Platinum$704.00+16.00…