De Beers to bring Gahcho Kue to feasibility (December 01, 2003)
Budgets have been approved for a full feasibility study at the Gahcho Kue (Kennady Lake) diamond project in the Nor…
News
Gabriel adds 1.5m oz. to Rosia Montana
An updated resource estimate by Gabriel Resources (GBU-T) at its advanced 80%-owned Rosia Montana gold project in R…
Nevsun hits new zone at Bisha (December 01, 2003)
Drilling at the Bisha project in Eritrea has led to the discovery of a new massive sulphide zone, reports Nevsun Re…
Hot holes in Romania for European Goldfields
A resumption of drilling in early November at European Goldfields’ (EGU-V) 80%-owned Certej and Sacaramb gold proje…
Trading Summary (December 01, 2003)
Gold finally topped US$400 per oz. in trading on Monday, with the London afternoon fix at US$400.25 and the closing…
Daily Metal Prices (December 01, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 25Nov. 24Nov. 21Nov. 20Nov. 19Al Alloy1390/141…
First Quantum takes fresh look at Kansanshi
Solwezi, Zambia — Zambia’s Northwestern province has a reputation as a rural backwater, away from the more industrialized and urbanized Copperbelt. Remote and generally ignored through the colonial p…
Barrick to stop gold hedging: Munk
The godfather of gold hedging, Barrick Gold (ABX-T) Chairman Peter Munk, has declared that his company, the world’s largest hedger, will discontinue entering into hedging contracts for the next 10 yea…
Weda Bay eyes $6m
A private placement is expected to raise enough funds for Weda Bay Minerals (WDA-T) to complete a feasibility study at its Halmahera nickel-cobalt laterite property in Indonesia.Haywood Securities and…
Junior exchange loses ground as bullion slips
Vancouver — Canada’s junior exchange ended the trading week in the red as a lower bullion price took its toll on speculative gold issues. The S&P-TSX Venture Exchange composite index lost 3.25 points…
Davidson to talk base metals
David Davidson, base metals analyst for Paradigm Capital, will speak at the next meeting of Toronto branch of the Mineral Economics Discussion Group of the Canadian Institute of Mining, Metallurgy and…
Spot Prices Tuesday, Nov. 25, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$391.50-0.92Silver$5.210.00Platinum$758.00-4.00Pa…