Full steam ahead at Diavik mine
Construction of what will be Canada’s second diamond mine is in full swing at a time when the nation’s diamond industry is marking the 10th anniversary of Chuck Fipke’s monumental discovery.London-bas…
News
Homestake books new reserve at Veladero
Further drilling by operator and 60% owner Homestake Mining (HM-N) at the Veladero property in the Argentine Andes has nearly doubled gold reserves and upped silver reserves by 60%. But engineering wo…
Halmahera project put on the shelf
Vancouver — Political uncertainty in Indonesia has come home to roost for prospective nickel laterite miner Weda Bay Minerals (WDA-T).The company has suspended work on its nickel and cobalt project o…
Hedging boosts Placer Dome’s results
Helped by a hedging program that generated a US$50-premium for every ounce of gold produced at its international stable of mines, Placer Dome (PDG-T) posted a US$49-million profit for the first six mo…
Mindoro permit withdrawn
The cancellation of a key permit by a branch of the Philippine government has forced Crew Development (CRU-T) to suspend development at its nickel laterite project on the island of Mindoro.The licence…
Archon unsuccessful at drilling targets in NWT
Dentonia Resources (DTA-V), a one-third owner of DHK Diamonds, reports that the first four of five airborne “Falcon” targets to be drill-tested by Archon Minerals (ACS-V) on the DHK and WI joint-ventu…
Newmont on track for production targets
Despite a disappointing second quarter, Newmont Mining (NEW-N) says it is on track to meet this year’s targets of 5.4 million oz. gold produced at a total cash cost of US$180 per oz.Production in the …
Expo-Ungava yields more PGMs
Having taken another look at some assay pulps from four holes collared by a previous operator on the Expo-Ungava copper-nickel deposit in 1997, Canadian Royalties (CZZ-V) is reporting more platinum an…
Spot Prices Wed. July 25, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$269.25+$1.15Silver$ 4.26+$0.02Platinum$502.00-$…
Exchange Rates (July 30, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 24July 23July 20July 19July 18US$ in C$1.53811.54461.54481.5…
Grades holding up at Sultan’s Gold Mountain
Vancouver — Results from the first hole in a second round of drilling on the Kena gold property, near Nelson, B.C., have enhanced the bulk-tonnage potential of the Silver King porphyry.Sultan Mineral…
Gold Funds (July 30, 2001)
Gold Funds as of July 19, 2001Dundee Precious MetalsCentral FundNet Value$13.64$5.21Price$9.75$4.70…