A hole in the ground with a buyer on top
Mark Twain is credited with having defined a mine as a “hole in the ground with a liar on top.” But when it comes to the diamond business, it’s a “hole in the ground with a buyer on top.”Diamonds trav…
2002
Corrections (November 04, 2002)
Southern Star Resources is a wholly owned subsidiary of Colorado-based Golden Star Resources (GSC-T). Shares of publicly listed Southern Star Resources (YSO-V) trade on the Toronto Stock Exchange with…
NovaGold hits high grade at Donlin Creek
Ongoing drilling by NovaGold Resources (NRI-T) at the Donlin Creek gold deposit in Alaska has cut high-grade gold mineralization within the modeled confines of the Acma pit.Initial results from the st…
Canadian Stock Exchange Indices (November 04, 2002)
DateOct. 29Oct. 28Oct. 25Oct. 24Oct. 23HighLowTSX Composite6294.816419.376405.876336.86…
High Arctic zinc mine closures signal end of era
Nanisivik, Nunavut — The final zinc and lead concentrate shipments from the High Arctic departed for Europe’s smelters in September, signaling the end of an era for Canadian mining.For more than two …
Wolfden outlines depth potential at High Lake
Vancouver — Wolfden Resources (YWO-V) continues to intersect high-grade copper mineralization at depth and down-plunge in the B zone of its High Lake property, in the Kitikmeot region of Nunavut, abo…
Financing in hand for Samira Hill project (November 04, 2002)
The African Development Bank (ADB) has approved a US$12.5-million loan to La Socit des Mines du Liptako (SML) to finance the Samira Hill-Libiri gold mining project in Niger.SML is 80%-held by Africa…
OM in freefall
After dropping from US$40 to US$30 in the previous week, the shares of cobalt refiner OM Group collapsed further during the report period, falling 71% on Oct. 29 to US$8.95 and closing at US$7.49 on t…
Ariane confirms French Guiana grades
Vancouver — Initial results from ongoing drilling by Ariane Gold (AGD-T) have confirmed that high-grade zones occur in a broad gold resource at the Camp Caiman project in French Guiana.The infill pro…
St. Jude drills for gold in Ghana
Vancouver — St. Jude Resources (SJD-V) has launched a drilling campaign designed to trace the strike and downdip extension of high-grade zones at the Subriso and Hwini-Butre prospects in Ghana, West …
NAME CHANGES (November 04, 2002)
Redstar Resources (RST-V) has changed its name to Redstar Gold (RGC-V) on a 1-new-for-6-old-share basis.Seine River (SRO-V) has changed its name to Trinity Plumas Capital…
Ashanti ends profitable quarter (November 04, 2002)
Ghanaian gold producer Ashanti Goldfields (ASL-N) maintained its profitability in the third quarter, while the pressure of near-term debt continued to subside. Ashanti made US$22.5 million (or US18 p…