Spot Prices, Wed. June 7, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$286.95+$14.70Silver$ 5.05+$0.15…
News
LME Warehouse Levels (June 12, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 6/00 (change from May 30 in brackets):MetalStock(tonnes)Change…
Falco, Opawica drill Whitestar
In Ontario’s Timmins camp, a deep hole is testing for volcanogenic massive sulphide deposits on strike with the similar-type Kidd Creek deposit.The 2,200-metre hole is being sunk on the Whitestar Sout…
Newmont’s Gold Quarry gets new lease on life
The Gold Quarry pit, situated in Nevada’s Carlin trend, faced a shutdown in the second quarter. However, higher-than-anticipated drill assays and the startup of the bio-milling circuit have increased …
Claude at break-even in first quarter
Unlike some of its competitors, Claude Resources (CRJ-T) managed to stay out of the red during the quarter ended March 31 . . . but only by a hair.The company’s Seabee gold mine in Saskatchewan’s La R…
Mid-North, Cypress expand ground
Partners Cypress Development (CVP-V) and Mid-North Resources (MNU-V) have staked an additional 25 claims to cover prospective ground adjacent to their existing Gunman property in Whitepine Cty., Nev.R…
Nevada showcase for Barrick’s exploration prowess
While conventional wisdom has it that senior companies don’t find mines, those perpetuating this notion sometimes forget to take into account the deposits found by producers in sight of their existing…
Bonanza plans drill program
A drill program by Bonanza Silver (BZS-V) will test the Cornucopia Caldera project, northwest of Elko, Nev. As the company’s name implies, the program is aimed at finding “bonanza-grade epithermal sil…
Golden Phoenix evaluates gold resource
Having completed a resource estimate of the six main deposits at its Borealis project in western Nevada, Golden Phoenix Minerals (GPXM-O) is one step closer to beginning a feasibility study.The most r…
Placer Dome takes its lumps for Getchell merger
After shelling out US$1.1 billion to acquire Getchell Gold, Placer Dome (PDG-T) was on its way to increasing gold production from operations in Nevada. However, falling gold prices during the summer o…
Kalahari active in Silver Bell Morenci Grange finds local interest in Wenatchee
Buoyed by improved prices for base metals, Kalahari Resources (KLA-V) is planning a program of summer drilling designed to test a newly assembled land package in the world-famous Silver Bell Morenci m…
Jesuit mission time capsule for Silver Valley
A Jesuit mission built in 1848 on the banks of the Coeur d’Alene River in northern Idaho is helping scientists understand what the natural levels of lead and zinc were prior to mining.The discovery of…