2004

Koidu sells initial production (February 16, 2004)

Partners DiamondWorks (DMW-T) and privately held Magma Diamond Resources have sold the first lot of stones from the recently revived Koidu project in Sierra Leone.In January, 8,099 carats of diamond w…


Broad market rises as golds and base metals heat up

With strong support from the resource sector, the S&P/TSX composite index jumped 90.81 points over the Feb. 4-10 report period to end the week at 8,751.51.Gold rose US$6.60 in overseas trading to sett…


IMA celebrates Navidad discovery

More than halfway through an 8,500-metre drilling campaign, IMA Exploration (IMR-V) is demonstrating some size potential to the Navidad silver discovery in Argentina’s Patagonia region.Drilling at Gal…


Pipeline powers Royal Gold

A sliding-scale royalty at the Pipeline gold project in Nevada jumped to a higher rate late last year, enabling Royal Gold (RGL-T) to boost fourth-quarter earnings by 85%.The Denver-based company’s ne…


Producer and Dealer Prices (February 16, 2004)

Antimony: Mid-mkt US$2,600/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.55/lb.Cobalt: Recent trades US$27-29/lb.Copper: Comex Mar. US$1.1860/lb.Indium: Indium Corp., ingot, US$375/kg.Iridium: M…


Market moves with gold

Vancouver — Canada’s junior exchange made a big comeback over the week ended Feb. 10, as gold stocks started making positive gains. The S&P/TSX Venture Exchange composite index closed at 1866.18, up …


Strong rand clips AngloGold’s profits

Most export-oriented South African gold companies saw their 2003 earnings hampered by a strong rand, and AngloGold (AU-N) was no exception.Higher currencies in most other operating regions also affect…


Gold-Ore eyes targets at Yuscaran

Vancouver — Gold-Ore Resources (GOZ-T) is preparing to drill its Yuscaran gold-silver project in eastern Honduras.The company can acquire the property from Breakwater Resources (BWR-T) by spending US…


Continental heads to Tibet

Continental Minerals (KMK-V) intends to drill-test an early-stage copper-gold discovery at the Xietongmen project, 240 km southwest of Lhasa in Tibet. The Vancouver-based junior, part of the Hunter-Di…


Everton, Globestar advance Bayaguana

Vancouver — Everton Resources (EVR-V) and partner Globestar Mining (GMI-V) have tabled new copper-in-soil results and completed a first phase of drilling at the Bayaguana group of properties in the D…


People (February 16, 2004)

Argosy — Peter Lloyd retired as president and CEO but remains non-executive chairman; Cecil Bond appointed interim CEO and will serve as CFO and CEO.Banro — Peter Cowley appointed director.Bullio…


Philippines to appeal court decision

The Philippine government will challenge a Supreme Court ruling that threatens millions of dollars in foreign investment in the mining industry.The Natural Resources Department, the presidential palac…


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