MOST ACTIVE ISSUES, July 19-25
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Articles by Northern Miner Staff
Peruvian tax changes could hurt miners
The Peruvian congress has passed a bill aimed at removing many of the existing financial incentives for mining.The bill, presented by President Alberto Fujimori, who was recently re-elected to a third…
Trivalence tests K-23 at depth
With a positive audit in hand, Trivalence Mining (TMI-V) is proceeding to test the K-23 kimberlite at depth.The pipe is on the 85%-held Aredor concession in Guinea, 1.1 km upstream from the BAI-4 allu…
Wheaton River profits from early spring
An early start at its seasonal Golden Bear mine translated into record production and profits for Wheaton River Minerals (WRM-T) in the first half of the year.Earnings for the six months ended June 30…
Freeport reports drop in sales
Freeport-McMoRan Copper & Gold (FCX-N) incurred a loss in the second quarter, owing to lower metal sales.For the three months ended June 30, Freeport posted a loss of US$19 million (12 per share), co…
Gammon Lake cuts high grades
Drilling at the Ocampo gold-silver project in Mexico’s Chihuahua state continues to return heartening results for Gammon Lake Resources (GAM-T).Hole 110 cut 44.2 metres (between 98.1 and 142.3 metres)…
Gold slips gently into a coma, again
Gold prices continued to weaken during the July 12-18 report period, shedding another US$1 on thin volume to reach a London morning fix of US$281.80 per oz. on July 19. By presstime, the yellow metal …
Venture exchange stalls in summer doldrums
The Canadian Venture Exchange lost a bit of ground during the report period ended July 18, dropping 13.1 points, or 0.4%, to close at 3,359.89. The Mining index followed suit, losing 12.51 points, or …
Shareholders ponder De Beers proposal
Armed with an updated scoping study that puts the net present value of its undisputed interest in the promising Snap Lake kimberlite at $1.35 billion, the directors of Winspear Diamonds (WSP-T) have r…
AMF advances projects
Though hamstrung by the chronic political instability of central Africa, London-based America Mineral Fields (AMZ-T) is nonetheless making progress at its copper-cobalt and zinc projects in the region…
PGM markets in transition: survey
High prices for platinum group metals (PGMs) will continue in the short term, according to Platinum Group Metals Survey 2000, published by New York, N.Y.-based CPM Group.The survey, which summarizes d…
On-line market seeks vendor
The Los Angeles-based Mining and Metals On-line Procurement Marketplace has narrowed its search for an e-commerce vendor down to three candidates: Ariba, Commerce One and Oracle.The companies, each of…