Opawica, Barrick revise Argentine deal
A 1999 agreement, under which Barrick Gold (ABX-T) was earning a 70% interest in properties held by Opawica Explorations (OPW-T) in Argentina, has been revised.As a result, Opawica is now freed from h…
News
METAL PRICES (May 29, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMay 23May 22May 19May 18…
LME Warehouse Levels (May 29, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 23/00 (change from May 16 in brackets):MetalStock (tonnes)Change…
Despinassy drilling suggests long shear zone
Winter drilling at the Despinassy property, 80 km northeast of Val d’Or, Que., suggests the presence of a large deformation corridor with multiple zones of mineralization.A 24-hole, 8,700-metre drill …
Eldorado keen on advancing Kisladag
With its site selection permit approved and government support secured, Eldorado Gold (ELD-T) is accelerating its development of the Kisladag porphyry gold deposit, 40 km southwest of this town in wes…
Boliden base metal camp proves its durability
The company that sprung from the Fagelmyren swamp near the Skellefte River in 1924 still mines base metals in the camp that grew around its first ore deposit.Five mines are operated by Boliden (BOL-T)…
Demand strong for most base metals
Rallies in aluminum, nickel, zinc and copper took base metal prices back to the top of their recent trading ranges during the report period May 15-19.Although prices fell back during the latter part o…
Quiruvilca drives Pan American in first quarter
Higher production at its Quiruvilca silver mine in northern Peru combined with lower exploration expenditures enabled Pan American Silver (PAA-T) to reduce the size of its net loss in the first quarte…
NovaGold cuts higher grades at Rock Creek
The first six holes of an ongoing 30-hole infill drill program on the Rock Creek property, in western Alaska, have returned better-than-expected grades for California-based NovaGold Resources (NRI-T)….
Mali enjoys gold boom
Mali has already climbed to number 17 on the list of global producers, and experts predict the West African nation could reach an even higher ranking if several new projects under development come int…
Gold
Newmont Mining (NEM-N) is following the trend of other major gold producer eager to discover multi-million-ounce deposits that have potential for turning a profit at currently low prices. The Denver, …
Inmet, Tri Origin team up in Australia
An electromagnetic survey by Inmet Mining (IMN-T) and Tri Origin Exploration (TOE-T) is probing Australia’s Woodlawn mining district for massive sulphide deposits.Inmet can earn 60% of Tri Origin’s in…