Diamonds deliver for London’s Rio Tinto
The diamond group of Rio Tinto (RTP-N) performed strongly in the first half of 2003, driven by higher prices and the selloff from inventories that had built up at the Argyle operation in the latter pa…
News
Canadian Stock Exchange Indices (August 18, 2003)
DateAug. 12Aug. 11Aug. 8Aug. 7Aug. 6HighLowTSX Composite7354.027251.967317.817180.27…
Monterrico puts number on Henry’s Hill
London-listed Monterrico Metals has received its first independent resource estimate for the Henry’s Hill copper deposit, part of the Rio Blanco project in northern Peru.The estimate, by Snowden Minin…
Metallic finds new shoot at Esmeralda
Drilling at the Esmeralda gold propery in southwestern Nevada has revealed a new high-grade mineralized shoot in the Prospectus vein structure.The 8-hole array, part of an underground exploration prog…
Canico expands Ona-Puma project
Canico Resource (CNI-T) has dramatically boosted the inferred resource estimate for its Ona and Puma nickel laterite deposits in Brazil’s Para state.Based on a cutoff grade of 1.5% nickel over a mini…
Wheaton bags $80m
Wheaton River Minerals (WRM-T) has entered into an $80-million bought-deal financing.Griffiths McBurney & Partners is leading a syndicate of underwriters, including BMO Nesbitt Burns, Canaccord Capita…
Spot Prices Wednesday August 13, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$356.00+3.35Silver$4.87-0.06Platinum$688.00+4.00P…
Obituary: Robert William Boyle
Robert William Boyle, a renowned geochemist, author, lecturer, and member of the Canadian Mining Hall of Fame, has died. He was 83.Boyle was born on a farm near Wallaceburg, a small town in southweste…
Producer and Dealer Prices (August 18, 2003)
Antimony: Mid-mkt US$2,300/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$9.95-10.30/lb.Copper: Comex Sept. US$0.7890/lb.Indium: Indium Corp., ingot, US$180/kg.Irid…
Ivanhoe looks to China to unlock Gobi treasure
The ever-growing Turquoise Hill copper-gold discovery, deep in Mongolia’s South Gobi desert, is on the doorstep of a country that now consumes more copper and more steel than any other region in the w…
Cobalt ftes centenary of silver discovery
More than 5,000 visitors recently converged on Cobalt, Ont., to celebrate the centenary of the discovery of silver there.As part of the celebrations, the Cobalt mining district was declared a national…
Castleworth drills Pan gold project
Vancouver — The first drill results from an ongoing program indicate an expansion of the resource at the Pan gold project in Nevada.Castleworth Ventures (WTH-V) has intersected encouraging values in …