Liqhobong study nears finish
A feasibility study of the Liqhobong diamond project in Lesotho is nearing completion.MineGem (MGEM-C) (formerly Messina Diamond) is focusing on the Satellite kimberlite pipe, which hosts an indicated…
News
Russian uncertainty pushes palladium to new record
With Russian shipments in question once again, the price of palladium shot up $90 during the July 26-Aug. 1 report period to a record London morning fix of US$855 per oz. on Aug. 2. The metal had slip…
Record production at Sadiola Hill
On the strength of record production at the Sadiola Hill gold mine in western Mali, Iamgold (IMG-T) posted a profit of US$4.7 million (US6 per share) on revenue of US$17.6 million for the three month…
SPC finances Toquepala
Southern Peru Copper (PCU-N) has raised US$30 million, through the sale of bonds, to finance an expansion of the Toquepala open-pit copper mine and modifications to the Ilo smelter.The bonds, due in J…
Kisladag resource base increases
A scoping study on Eldorado Gold’s (ELD-T) Kisladag porphyry gold deposit in west-central Turkey has increased the resource in the proposed open pit to 79.1 million tonnes grading 1.33 grams gold per …
The truth about Hope Bay
With reference to Barry Smee’s interesting letter on the history of Hope Bay area of Nunavut (T.N.M., July 10-16/00), I feel it’s important to set the record straight.The initial efforts by Roberts Mi…
Noril’sk eyes large PGM deposit
By this time next year, Russian mining and smelting giant Noril’sk Nickel plans to start the commercial development of the MS-Gorizont low-sulphide platinum group metals (PGM) deposit in the Taimyr Pe…
Agnico-Eagle posts losses
When gold prices are high, Agnico-Eagle Mines (AGE-T) soars likes an eagle. But when prices are low, the unhedged producer is more earthbound than its peers and invariably pays the piper in red ink.Th…
Safety Society honours its own
Ben Sheppard, who presides over Ben W. Sheppard & Associates in Hayden Lake, Idaho, has won the Safety Professional of the Decade Award. The honour was bestowed on him by the International Society of …
KEGS distributes five scholarships
The Canadian Exploration Geophysical Society (KEGS) has awarded its first five scholarships to undergraduate students enrolled in geophysics at various universities.The scholarship program is part of …
Spot Prices Wed. August 2, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$277.15-$2.25Silver$ 4.96-$0.01…
Spot Prices, Wed. July 26, 2000Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$279.70-$2.10Silver$ 4.97-$0.02…