Writedown cuts into earnings at Cameco
Uranium and gold producer Cameco (CCO-T) salvaged a quarterly profit despite having taken a $45.5-million charge against the value of its properties.For the three months ended Sept. 30, the Saskatoon-…
News
Bema, Ecuadorian swap shares
As a means to advance its South American projects, Ecuadorian Minerals (EMC-T) is exchanging 3.8 million of its shares for 3.3 million shares of Bema Gold (BGO-T).The trade, which is subject to regula…
Companies (November 15, 1999)
Aber ResourcesAfrioreAnaconda NickelAnglo AmericanAnglogoldApex Silver MinesAshanti GoldfieldsAtna ResourcesAurizon MinesBarrick GoldBattle MountainBema GoldBlack Hawk MiningCambiorCamecoCanarc Resour…
DIAMOND PAGE — Diamond Fields sells more gems
Vancouver-based Diamond Fields International (DFI-V) has sold a 6,475-carat parcel of diamonds from its Luderitz ocean concessions, off the coast of Namibia.The US$164-per-carat sale was preceded by t…
Tulawaka reveals more gold
Partners Pangea Goldfields (PGD-T) and Minires du Nord (MDN-M) continue to report high gold values from their Tulawaka property in Tanzania’s Lake Victoria Goldfields district.Results from 15 holes i…
NEWS ROUNDUP — KEGS starts scholarship fund
The Canadian Exploration Geophysicists Society (KEGS) has established a scholarship fund for students interested in pursuing studies in geophysics.The KEGS Foundation is currently raising funds for bo…
NEWS ROUNDUP — Nuinsco resumes work at Lac Rocher
Drilling at the Lac Rocher property in northwestern Quebec is following up on a nickel discovery by Nuinsco Resources (NWI-T).The initial target of the current program is Anomaly A, an untested mafic-…
NEWS ROUNDUP — Antofagasta hits commissioning stage
Commissioning of the US$1.4-billion Los Pelambres mine in Chile is under way.British-based owner Antofagasta Holdings reports that ore is being fed into the concentrator, and copper concentrate is exp…
US coal miner slapped with fine for wastewater leak
Lone Mountain Processing has been fined US$1.6 million after pleading guilty in U.S. federal court for twice discharging water contaminated with waste from coal processing into Virginia waterways.The …
Junior options Wyoming platinum property
Trend Mining (TRDM-O) has optioned the Lake Owens platinum property in southeastern Wyoming from General Minerals (GNM-T).Trend can earn a 100% interest in 104 claims in Albany Cty. by spending US$750…
METAL PRICES, Daily Metal Prices (November 15, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateNov. 9Nov. 8Nov. 5Nov. 4…
Hebron Fjord finds anomalies
An airborne magnetic survey has identifed several anomalies at Hebron Fjord’s (HEF-M) gold-copper property in southern Peru.The anomalies occur along a northeasterly trending fault and cut across the …