Lower grades hamper Claude’s performance
A dramatic drop in production at the Seabee gold mine in Saskatchewan pushed Claude Resources (CRJ-T) $1.2 million into the hole in the first half of 2001.The 3-per-share loss comes on revenue of $15…
News
Lakota picks up claims west of Bulyanhulu mine
CDNX-listed Lakota Resources (YLA-V) has concluded two agreements that give it conditional control over 12 mining claims just west of the Bulyanhulu gold mine in northern Tanzania.The claims are insid…
Doing, and not doing
Having funded and reviewed an “independent investigative impact assessment report,” the International Fund for Animal Welfare (IFAW) is urging the government of Kenya to block the Kwale titanium proje…
Pt prices hurt dental sector
Last year it was the dental sector in which high palladium prices had their most significant negative impact. Demand was down by 26% to 820,000 oz., the lowest figure in 17 years.The use of palladium …
Survival in September
Survival 2001, a conference on how to cut costs and increase productivity at mining operations, is slated for Sept. 10-11 at the Airport Hilton Hotel in Toronto.Speakers will present case studies, amo…
Decline in oil and gas pulls down CDNX
Vancouver — Canada’s junior exchange lost ground over the week ended Aug. 28. Oil-and-gas-related issues led the way with a 3.7% plunge in the sector. The Canadian Venture Exchange composite index fe…
General Minerals eyes prospects
Denver — General Minerals (gnm-t) is scouring Bolivia for tantalum prospects, having already amassed 244 km northeast of Santa Cruz.To date, most of the work has concentrated on tantalite-bearing peg…
Cumberland eyes placement
Subject to regulatory approval, Cumberland Resources (CBD-T) will offer 1 million units at $1.10 apiece to finance its exploration efforts in Nunavut.Cumberland has three gold projects in the area: Me…
Rate cuts power Toronto rise
Strong gains among the interest-sensitive sectors helped move the Toronto Stock Exchange up over the period Aug. 22-28. The Bank of Canada took advantage of recent easing by the Federal Reserve Bank t…
Banff takes US$71m Kasese writeoff
Following a review of the carrying value of the Kasese Cobalt operation in western Uganda, Banff Resources (BFF-V) has decided to write off the remaining book value of the project’s capital assets.Des…
River Valley yields PGEs
A reconnaissance exploration program has led to the discovery of more platinum-group-metal mineralization at the River Valley mafic intrusion in the Sudbury region of northern Ontario.Pacific North We…
Eagle River lifts River Gold off ground
With higher-grade development ore coming from the no. 6 zone at the Eagle River mine, 50 km west of Wawa, Ont., River Gold Mines (RIV-T) managed to climb back into the black during the second quarter….