Bill could level playing field
A bill introduced in the U.S. House of Representatives would give investors who hold gold, silver and platinum bullion the same capital gains treatment enjoyed by those who hold stocks and bonds.Curre…
2001
Rock garden to open in Haileybury
A rock garden designed to illustrate Canada’s geological diversity will open this month in Haileybury, Ont.Haileybury Mayor Thomas Wells and local Member of Parliament Ben Serre will be on hand for th…
Exchange Rates (July 16, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 10July 9July 6July 5July 4US$ in C$1.52111.52111.51981.5099…
Edwards mine hits a dry spell (July 16, 2001)
Low gold prices and dwindling reserves have put the kibosh on the Edwards gold mine in north-central Ontario, though River Gold Mines (RIV-T) says it may resume deep exploration once prices improve.In…
South Africa examines surface mining
The South African Institute of Mining & Metallurgy will host a conference on open-pit and surface mining, slated for Aug. 29, 2002, in Randburg.The conference is accepting abstracts on such topics as …
DiamondWorks resumes work
In Sierra Leone, DiamondWorks (DMW-T) has resumed exploring the two kimberlite pipes that make up the Koidu project.As a first step, the Vancouver-based company met with government officials to re-con…
UK gold auction gives producers a lift
Hammered by poor showings in the industrial products sector, the Toronto Stock Exchange 300 index tumbled 189.63 points over the five trading days to end the July 4-10 period at 7,558.69.Gold dropped …
Antamina ships first concentrate (July 16, 2001)
The massive new copper mine at Antamina in north-central Peru has shipped its first load of concentrate, putting the project ahead of its scheduled start of commercial production.The Antamina mill, de…
Gold hangs on as market teeters
Denver — The Dow Jones industrial average fell 472.36 points, or 4.4%, to 10,175.64 in the U.S. holiday-shortened report period ended July 10, amid warnings of poor second-quarter earnings. The Nasda…
CDNX continues summer slump
Vancouver — Only the mining index was able to post a small gain over the report period July 4-10 as all other indices slumped. The Canadian Venture Exchange composite index slid 54.74 points, or 1.7%…
Eldorado revises mine forecast
A Brazilian government decree limiting the use of electricity has forced Eldorado Gold (ELD-T) to modify its production forecast at the Sao Bento mine.Situated in Minas Gerais state, the mine is now e…
Producer and Dealer Prices (July 16, 2001)
Antimony: Mid-mkt US$1,080/t.Bismuth: Mid-mkt US$3.75/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.00-10.50/lb.Copper: Comex Sept. US$0.718/lb.Indium: In…