Drills hit at Machacala
The first eight holes drilled by Gold Hawk Resources (CGK-M) at the Machacala property in northwestern Peru have returned encouraging results.One hole drilled on the 2-km-long Casa de Fuerza vein inte…
News
Kelsey Lake resumes production
McKenzie Bay International (MKBY-O) has resumed diamond production at the Kelsey Lake mine, a past producer straddling the border between Colorado and Wyoming.The company recently completed final adju…
Pacific Cascade takes bulk sample
Pacific Cascade Resources (YOG-V) is gearing up to begin small-scale mining at the Yogo sapphire property in central Montana.The company expects to mine 10,000 tons in order to produce a grade and ton…
Diamond Fields seeks funding for marine project
Armed with a positive feasibility study, Diamond Fields International (DFI-T) is seeking funding to bring its Namibian marine diamond project into production.The company is in discussions with banks a…
Stillwater plans to boost output
A new 3-year operating plan is expected to help Stillwater Mining (SWC-X) expand production at its namesake platinum-palladium mine in southwestern Montana.The plan is designed to boost throughput fro…
Spot Prices Wed. September 20, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$271.10-$1.70Silver$ 4.86-$0.02…
Diamond forums promise to be real gems
Diamond enthusiasts in Toronto and Vancouver will be treated to industry forums in their respective cities during October.The Toronto Geological Discussion Group has a full slate of speakers scheduled…
Metal Prices (September 25, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 19Sept. 18Sep. 15Sept.
Coeur stakes new ground
Coeur d’Alene Mines (CDE-N) will explore the Wonder silver-gold property in north-central Nevada.The company is required to spend at least US$1.25 million on the property over five years, and it can b…
Harper gets year, $4m fine
Former Golden Rule Resources (GNU-T) president Glen Harper, convicted in mid-July of two counts of insider trading in the company, has been sentenced to a year in jail and a fine just under $4 million…
F.P.O. Trans Hex launches global search for gems
Alluvial and marine diamond projects may not garner as much attention as primary ones, but their promise of higher quality gems has attracted a devout few, including Trans Hex International (THI-V).Si…
Miner toys with retirement
Some men never grow up, and retired miners are no exception. They grow older, their hair recedes, and bellies often hang over their belts, but inside these men is a playfulness that never goes away.Th…