Teck tenders offer for Cominco shares
Seeing robust growth in its 45.1% equity stake in base metal major Cominco (CLT-T), Teck (TEK-T) has tendered an offer to buy an additional 4 million shares at $25 per share.The $100-million bid repre…
Articles by Northern Miner Staff
Exchange Rates (June 26, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 20June 19June 16June 15June 14…
Vista aims to restart Hycroft
With a capital infusion of US$11.9 million, Vista Gold (VGZ-T) believes it can restart production at the Hycroft mine in northeastern Nevada.A run-of-mine, heap-leach operation could produce 350,000 o…
Conference good for BC
On May 11, the Mining Association of British Columbia and the province’s Ministry of Energy and Mines co-hosted a unique conference that focused on mining in British Columbia.I would like to thank the…
John C. Doyle
One of Canada’s most famous fugitives has died from leukemia at his home in Panama. He was 85.John C. Doyle, who was once called an “evil genius” by former federal and provincial cabinet minister John…
Trade moratorium an intrusion
The cease trading of International Wayside Mines (IWA) shares, followed by the intrusion of the CDNX security compliance department into the corporate affairs of a public company, has stunned and disg…
Northern Miner Indices (June 19, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick Gold…
Dow, gold off
The Dow Jones industrial average slipped 113.73 points (1%) to close at 10,621.84 in light trading as the market waited for clearer news concerning a possible interest rate hike.Spot gold on the Comex…
LME Warehouse Levels (June 19, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 13/00 (change from June 6 in brackets):MetalStock(tonnes)Change…
METAL PRICES (June 19, 2000)
Daily Metal PricesDateJune 13June 12June 9…
Optimism for base metals
There are signs that the base metals complex is starting to recover following the recent volatility in nickel prices. Copper, aluminum and zinc prices all rallied in the second half of the report peri…
Hecla to mine Saladillo
Hecla Mining (HL-N) is preparing to process surface material from the Francine vein at the Saladillo property in north-central Mexico.The Idaho-based company expects to crank out 325,000 oz. silver an…