African rains dampen Iamgold’s output
All in all, 2003 was a productive year for Iamgold (IMG-T), which cranked out 421,000 attributable ounces at a weighted cash cost of US$225 per oz.Still, output was 2% lower and cash costs 5% higher t…
2004
Copper Ridge funds work at Quitovac
Vancouver — Copper Ridge Explorations (KRX-V) has closed a $1.9-million short-form offering, with most of the proceeds earmarked for initial exploration of the Quitovac gold property in Mexico’s Sono…
Time to improve permitting
We begin the new year in anticipation of positive things for mining in Nevada. It appears metal prices are recovering from their years-long slump and that the overall economy of the state, despite cha…
Daily Metal Prices (February 09, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 3Feb. 2Jan. 30Jan. 29Jan. 28Al Alloy1505/1535…
Broad market recovers on buying spurt
Buyers outpaced sellers over the Jan. 28-Feb. 3 report period to push the S&P-TSX composite index up 72.55 points. The benchmark finished the week at 8,660.70.Gold had a rather bi-polar week, soaring …
Junior exchange grinds to a halt
Vancouver — Canada’s junior exchange lost ground over the week ended Feb. 3 as investors moved into tech stocks, with gold idling at US$400 per oz. The S&P-TSX Venture Exchange composite index closed…
LME Warehouse Levels (February 09, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 3 (change from Jan. 26 in brackets):MetalStock(tonnes)ChangeAluminium1442150(-98…
Lamaque drilling cuts gold
Drilling by Kalahari Resources (kla-v) at its Lamaque project in northwestern Quebec has returned more gold intersections. The company tested two magnetic anomalies, T-06 and T-03, on the property. At…
Apex raises US$161m
The report period Jan. 28-Feb. 3 may have been more remarkable for what didn’t happen than for what did. Reaction to the U.S. Federal Reserve’s Open Market Committee dominated the U.S. equity markets …
Sunridge explores in Eritrea (February 09, 2004)
Two drills are testing the Debarwa copper-gold deposit in Eritrea. The near-surface, volcanogenic massive sulphide deposit is part of the 1,400-sq.-km Asmara project held by partners Sunridge Gold (SG…
Cumberland expands Meadowbank (February 09, 2004)
Convinced that the Meadowbank gold deposit is rich enough to support an open-pit mine and mill in the High Arctic region of Nunavut, Cumberland Resources (CBD-T) is advancing the project through the f…
The markets stand corrected
The shock in the bullion markets at the end of January left some people wondering if the long-awaited gold bull had met a sudden end.What caused the US$10 drop was an announcement from the Federal Ope…