Demand strong for most base metals
Rallies in aluminum, nickel, zinc and copper took base metal prices back to the top of their recent trading ranges during the report period May 15-19.Although prices fell back during the latter part o…
News
Quiruvilca drives Pan American in first quarter
Higher production at its Quiruvilca silver mine in northern Peru combined with lower exploration expenditures enabled Pan American Silver (PAA-T) to reduce the size of its net loss in the first quarte…
NovaGold cuts higher grades at Rock Creek
The first six holes of an ongoing 30-hole infill drill program on the Rock Creek property, in western Alaska, have returned better-than-expected grades for California-based NovaGold Resources (NRI-T)….
Mali enjoys gold boom
Mali has already climbed to number 17 on the list of global producers, and experts predict the West African nation could reach an even higher ranking if several new projects under development come int…
Gold
Newmont Mining (NEM-N) is following the trend of other major gold producer eager to discover multi-million-ounce deposits that have potential for turning a profit at currently low prices. The Denver, …
Inmet, Tri Origin team up in Australia
An electromagnetic survey by Inmet Mining (IMN-T) and Tri Origin Exploration (TOE-T) is probing Australia’s Woodlawn mining district for massive sulphide deposits.Inmet can earn 60% of Tri Origin’s in…
Market woes fail to spark gold
The overall market took a beating as the Dow Jones industrial average plunged 512.30 points, or 4.7%, during the report period ended May 23 to close at 10,422.27. The Nasdaq also continued its losing …
Jericho diamond project to stand alone
A facilities-use agreement between Tahera (TAH-T) and Echo Bay Mines (ECO-T) has fallen apart, throwing a wrench into the feasibility study for the proposed Jericho diamond mine in Canada’s Nunavut Te…
South Malartic tables Croinor prefeasibility
Junior South Malartic Exploration (MSU-M) has released the results of a prefeasibility study on the Croinor gold project, 75 km from Val d’Or, Que.The study, conducted by MRB & Associates, was based o…
Wayside undergoes operational audit
Shareholders have finally learned why trading in International Wayside Gold Mines (IWA-V) has been halted since May 11.Officials of the Canadian Ventures Exchange cite the need for an operational audi…
Drilling reveals new zone at Hope Bay
Infill drilling at the Hope Bay gold project, in Nunavut, has discovered a new zone of mineralization for equal partners Miramar Mining (MAE-T) and Cambiex Exploration (CBX-T).Dubbed Stringer, the zon…
Taror prefeasibility nears completion
Depressed gold prices and lower production translated into a 1999 loss for Nelson Gold (NLG-T).Net losses totalled US$1.5 million on revenue of US$13 million, compared with US$66.64 million on US$18 m…