Eldorado Gold squeaks out profit
Vancouver — Despite lower production and higher costs, Eldorado Gold (ELD-T) turned a small profit in 2000.Earnings amounted to US$1.1 million (or US1 per share) on revenue of US$53.4 million, compa…
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GQ find yields high micro count for Band-Ore
A new discovery area on Band-Ore Resources’ (BAN-T) GQ property, 20 km west of Wawa, Ont., has returned high microdiamond counts from boulders consisting of diatreme breccia.Four new samples, each wei…
Producer and Dealer Prices (March 26, 2001)
Antimony: Mid-mkt US$1,320/t.Bismuth: Mid-mkt US$4.05/lb.Cadmium: Mid-mkt US$0.22/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.20-14.75/lb.Copper: Comex May US$0.801/lb.Indium: Ind…
Saskatchewan kimberlites yield low grade
Bulk sampling has confirmed the low grade of two promising kimberlites at the Fort la Corne joint venture in Saskatchewan.Pipes 122 and 141 were targeted for additional sampling, the objective being…
Marum seeks Manitoba diamonds
Marum Resources (MMU-V) and Consolidated Oasis Resources (CSI-M) are among the juniors to have picked up ground in the heart of Manitoba’s diamond play.Marum struck a deal with Indicator Explorations …
De Beers hires AMEC to help with Snap Lake
De Beers Canada, a subsidiary of De Beers Consolidated Mines, has selected Toronto-based engineering firm AMEC as its construction management partner at the $300-million Snap Lake diamond project in t…
Spot Prices Wed. March 14, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$267.45+$5.90Silver$ 4.45+$0.03Platinum$592.00+$6.00…
Vueltas del Rio pours first gold
Denver — Geomaque Explorations (GEO-T) has poured its first gold bar at the Vueltas del Rio mine in Honduras. Since mining began in December 2000, the company found fewer tonnes at higher grades in t…
PEOPLE (March 19, 2001)
Alcan Aluminium — Travis Engen appointed president and CEO.Ashton — Alfonso Grau appointed director.Canabrava — George Read appointed VP of exploration.Cominco –…
Gold Funds (March 19, 2001)
Gold Funds as of March 8, 2001Dundee Precious MetalsCentral FundNet Value$12.81$5.28Price$7.80$4.75…
Nickel shows signs of resilience
Base metal prices on the London Metal Exchange (LME) were fairly stable during the report period March 5-9, the only exceptions being copper, which saw a gain in the weekly average cash price of 2.4%,…
Harrods launches program in Mongolia
Denver — With the backing of Egyptian financier Mohamed Al Fayed, Harrods Minerals is getting back to the basics, with a focus on grassroots exploration.The privately owned, Denver-based company has …