Gov’t expands underground lab
The Canada Foundation for Innovation will invest $38.9 million in the expansion of a laboratory for underground science in Sudbury, Ont.The money will be used to transform the existing Sudbury Neutrin…
News
Fifty Years Ago / December 1953
Kluane Lake deposits biggerRecent drill results have caused officials at Hudson Bay Mining & Smelting to revise their estimate of the deposits being developed at Kluane Lake in the Yukon. They were in…
Ontario engineers salute Seeley
Ontario engineers have honoured Lawrence (Larry) Seeley for transforming Lakefield Research into one of the largest commercial metallurgical testing and research firms in the world.Seeley received the…
Head grades fall at Orvana’s Don Mario (December 15, 2003)
Junior Orvana Minerals (ORV-T) reports disappointing head grades at the Don Mario gold mine in eastern Bolivia.In October and November, the mine processed 40,230 tonnes of ore with a head grade of 5.3…
Cashin gets thumbs-up
An independent study has concluded that the Cashin copper deposit of Constellation Copper (CCU-T) could be economically mined by trucking run-of-mine ore to the nearby Lisbon Valley property in Utah.T…
New life for Lucky Friday
Hecla Mining (HL-N) will proceed with major underground development at its wholly owned Lucky Friday silver mine in northern Idaho’s Coeur d’Alene camp, ensuring that the struggling operation will rem…
Daily Metal Prices (December 15, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 9Dec. 8Dec. 5Dec. 4Dec. 3Al Alloy1426/1457…
People (December 15, 2003)
Alamos — John McCluskey appointed president; John Van De Beuken appointed VP and COO; Leonard Harris appointed director; Chester Millar and Stephen Stine resigned as directors.Becker — John Berezowe…
Price squeeze has base metal issues jumping
Toronto equities were little-changed over the report period Dec. 3-9, a modest gain of 48.34 points putting the TSX Composite index at 7,975.94. The base metal and gold stocks headed in opposite direc…
Gold keeps lustre on junior exchange
Vancouver — Canada’s junior exchange continued to post positive gains as gold held its ground above US$400 per oz. over the week ended Dec. 9. The S&P-TSX Venture Exchange composite index tacked on 9…
Editorial Cartoon (December 15, 2003)
Spot Prices Tuesday, Dec. 9, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$408.25+7.20Silver$5.54 +0.08Platinum$799.00+21.00…