IMA celebrates Navidad discovery
More than halfway through an 8,500-metre drilling campaign, IMA Exploration (IMR-V) is demonstrating some size potential to the Navidad silver discovery in Argentina’s Patagonia region.Drilling at Gal…
News
Dutch courage
“No money disappeared, [there were] just non-existent assets.” — Michele Ributti, lawyer for Callisto Tanzi, former CEO of scandal-plagued Italian company Parmalat.How reassuring to know that the eur…
Mining resumes at LaRonde
Agnico-Eagle Mines has resumed full-scale underground mining at its LaRonde gold mine in northwestern Quebec following a fatality.Mining had been scaled back by about 30% to 5,000 tons per day after a…
Tahera’s Jericho inches closer to development
The environmental impact statement for the Jericho diamond project of Tahera (TAH-T) has won conditional approval from the Nunavut Impact Review Board. The board’s findings have been forwarded to the …
Pipeline powers Royal Gold
A sliding-scale royalty at the Pipeline gold project in Nevada jumped to a higher rate late last year, enabling Royal Gold (RGL-T) to boost fourth-quarter earnings by 85%.The Denver-based company’s ne…
Producer and Dealer Prices (February 16, 2004)
Antimony: Mid-mkt US$2,600/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.55/lb.Cobalt: Recent trades US$27-29/lb.Copper: Comex Mar. US$1.1860/lb.Indium: Indium Corp., ingot, US$375/kg.Iridium: M…
Market moves with gold
Vancouver — Canada’s junior exchange made a big comeback over the week ended Feb. 10, as gold stocks started making positive gains. The S&P/TSX Venture Exchange composite index closed at 1866.18, up …
Strong rand clips AngloGold’s profits
Most export-oriented South African gold companies saw their 2003 earnings hampered by a strong rand, and AngloGold (AU-N) was no exception.Higher currencies in most other operating regions also affect…
The outlook for precious, base metals
Profit-taking is undermining the precious metals markets and, from a technical point of view, we expect gold, silver and platinum to remain subdued over the coming months. In a reversal of last year’s…
Throne speech good harbinger
The Mining Association of Canada (MAC) sees good signs in Ottawa’s recent throne speech.MAC President Gordon Peeling says it is the first throne speech in a long time that clearly recognizes the value…
It’s all in the US dollar: Scotia Capital
A forecast for a continued decline in the greenback, outlined in the research booklet Focus 2004: Outperformers and Underperformers for 2004, underpins much of Scotia Capital’s predictions for the glo…
Sunridge explores in Eritrea (February 16, 2004)
Two drills are testing the Debarwa copper-gold deposit in Eritrea. The near-surface, volcanogenic massive sulphide deposit is part of the 1,400-sq.-km Asmara project held by partners Sunridge Gold (SG…