News

De Beers’ Winspear takeover ignites diamond sector

Activity in Canada’s junior diamond scene heated up during the Aug. 9-15 report period, with the sector helping to drive up the Toronto Stock Exchange’s gold and precious minerals sub-index by 4.6% to…


Producer and Dealer Prices (August 21, 2000)

Antimony: Mid-mkt US$1,650/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.90-14.60/lb.Copper: Comex Sept. US$0.8705/lb.Indium: …


CDNX fails to follow Toronto’s lead

Canada’s junior exchange lost ground over the report period ended Aug. 15. The Canadian Venture Exchange composite index dropped 28.67 points, or 0.9%, to finish the week at 3,318.74, and the market’s…


LME Warehouse Levels (August 21, 2000)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 15/00 (change from Aug. 8 in brackets):Aluminium426800(-17275)…




Macraes profits up, costs down

Gold Resources & Development, based in Perth, Australia, says results from the quarter ended March 31 indicate record-low mine costs and increased output at its Macraes gold operation, near Palmerston…


Falco restarts smelter

In the midst of a strike by 1,250 workers, Falconbridge (FL-T) has restarted its nickel smelter in Sudbury, Ont., at reduced capacity.The smelter normally produces 5,400 tonnes of nickel anode per mon…


Glamis advances San Martin mine

A progressive approach to community relations and the technical ability to operate low-cost mines have allowed Glamis Gold (GLG-T) to fast-track development of the San Martin gold mine, some 55 km nor…




PEOPLE (August 14, 2000)

Mountain Province — David Siegel appointed director.Tiberon — Raymond Morley appointed director.Weda Bay — Stephen Redmond appointed project manager.


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