Gold Funds (June 17, 2002)
Gold Funds as at June 6, 2002DundeePrecious MetalsCentral FundNet Value$25.34$6.01Price…
News
Exchange Rates (June 17, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 11June 10June 7June 6June 5US$ in C$1.53821.53801.53231.5325…
Namibian Minerals trims losses as output rises
Although still deep in the red, Namibian Minerals (NMR-T) is making headway at increasing alluvial diamond production off the coast of Namibia.In early 2001, two years after its spectacular debut, the…
Spot Prices Wed. June 12, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$319.55-$4.95Silver$ 4.88-$0.17Platinum$558.00+$…
Mano turns up diamonds on Kono ground
Following a reconnaissance stream-sediment survey and geological mapping, West African specialist Mano River Resources (MNO-V) has retrieved macrodiamonds from a newly discovered kimberlite dyke in th…
Making the grade: Diamonds take forever
Finding a kimberlite pipe, the peculiar rock type and formation that hosts most of the world’s significant diamond deposits, is a tall order; finding one that actually contains diamonds, even more so….
SouthernEra posts wider loss (June 17, 2002)
Faced with lower diamond production, SouthernEra Resources (SUF-T) has posted a first-quarter net loss totalling $1.4 million.The loss translates into 4 per share and compares with a year-ago loss of…
Fort la Corne play takes shape
Saskatchewan is the Rodney Dangerfield of diamond plays: it gets no respect.After a decade of lethargic exploration and mundane results, which were eclipsed by the more exciting discoveries in the Lac…
Slave Craton district still hot as market awaits results
Although recent exploration by Ashton Mining of Canada (ACA-T) in Nunavut resulted in the discovery of two new kimberlites, the market’s focus is chiefly on the Artemisia and Potentilla pipes, from wh…
Monroe eyes production in South Africa
Resistivity surveys on the London alluvial diamond project in the Northwest Province of South Africa support owner Monroe Minerals’ (MMX-V) expectations that it can drill off a resource.The survey cov…
The Northern Miner — Small Producers Index (June 17, 2002)
94.25 (-7.84)(Sept. 30/98 = 100)…
Correction (June 17, 2002)
The photo accompanying the story “Newmont unfazed by first-quarter loss” (T.N.M., May 27/02) carried the caption “Construction of the Sage mill in Nevada during the mid-1990s.”The photo printed in the…