Glamis moves El Sauzal forward
Last year’s merger with Francisco Gold delivered two major gold projects that will play a key role in the future of Glamis Gold (GLG-T) as it turns its attention to a new generation of low-cost mines …
News
People (May 19, 2003)
America Mineral Fields — Gregg Sedun resigned from board of directors and as secretary.Amerigo — Klaus Zeitler appointed president; Seven Dean appointed chairman; Roger Moss appointed VP exploration…
Sao Bento returns Eldorado to black (May 19, 2003)
With production levels restored at the Sao Bento mine in Brazil, Eldorado Gold (ELD-T) turned in a tidy profit for the first three months of 2003.The company earned US$2.6 million (or a penny per shar…
Daily Metal Prices (May 19, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 13May 12May 9May 8May 7Al Alloy1405/1395…
Producer and Dealer Prices (May 19, 2003)
Antimony: Mid-mkt US$2,540/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.40-10.25/lb.Copper: Comex July US$0.7645/lb.Indium: Indium Corp., ingot, US$140/kg.Iridi…
The Northern Miner Indices (May 19, 2003)
North American Mining: 66.70 (-0.10)Small Producers: 64.03 (+0.76)(Sept. 30/98 = 100)…
Rising rand hits Gold Fields
Vancouver — Despite a US$19-million gain in equity investment sales, South Africa’s second-largest gold producer earned 6% less in the recent first quarter than in the corresponding period of 2002.Go…
Claude aims drills at Porky (May 19, 2003)
Followup drilling by Claude Resources (CRJ-T) on the Currie Rose property, 2 km north of its Seabee mine in northern Saskatchewan, has confirmed the continuity of the West Porky gold zone and also unc…
Technical sessions dominate CIM convention
Montreal, Que. — The technical sessions at the recent convention of the Canadian Institute of Mining, Metallurgy and Petroleum began with a 2-day symposium on the country’s iron ore industry, which h…
Southwestern cuts more gold at Boka (May 19, 2003)
Vancouver — Southwestern Resources (SWG-T) has tabled further encouraging results from the Boka gold project in the southern Chinese province of Yunnan.The latest drilling was focused on the area kno…
Editorial Cartoon (May 19, 2003)
Consolidation affects exploration
You don’t need hyperspectral imaging or the latest in magnetotellurics to figure out that the impact of consolidation on exploration has been substantial. The last half-decade has been one of the hars…