High River gets record production, lower costs
Approaching the end of its fourth year as a producer of the yellow metal, High River Gold (HRG-T) has reported record output at reduced cash costs from both its major operations.The New Britannia mine…
News
Costs plummet for Homestake
Enjoying its lowest cash costs of the past 30 years, Homestake Mining (HM-N) reported substantial earnings for the third quarter.The company turned a profit of US$1.7 million (or 1 cents per share) du…
Writedown erodes Rio Algom’s bottom line
A writedown of four assets has closed the door to what would have been a profitable third quarter for diversified base metal producer Rio Algom (ROM-T).During the three months ended Sept. 30, the majo…
Agnico-Eagle extends Laronde at depth
Drilling by Agnico-Eagle Mines (AGE-T) has extended Zone 20 North some 2,700 ft. below the deepest known occurrence of mineralization at the Laronde mine in northwestern Quebec.President Sean Boyd say…
Miners slam policy changes
Representatives of the Colorado mining industry recently convened at Golden to voice their opposition to proposed changes to federal mining and milling policy. The complaints were heard by the House S…
SPOT PRICES, Wednesday November 3, 1999
Precious MetalsPrice (US$/oz.)ChangeGold$291.75+$1.35Silver$ 5.22+$0.03…
LME WHSE LEVELS (November 08, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 2/99 (change from Oct. 26 in brackets):MetalStock(tonnes)Change…
GREATEST VALUE TRADED (November 08, 1999)
ExchgVol(000s)HighLowCloseChangeAlcoa*N559765…
MINING MARKETS & INVESTMENT NEWS — U.S MARKETS — Miners mixed on gold’s rise
The Dow Jones industrial average climbed 279.71 points to 10,581.84 during the report period ended Nov. 2.While gold recovered a bit of its shine, climbing to US$291.30 on the Comex division of the Ne…
Powderhorn reveals more showings
Junior Copper Hill (CUHL-C) has found new showings at the Powderhorn property in Newfoundland’s central mineral belt.The discoveries, exposed by a new logging road excavated 1 km north of the Lake Zon…
Companies (November 08, 1999)
Agnico-Eagle MinesAltoro GoldBreakwater ResourcesBroken Hill ProprietaryBuryatzolotoCambiorConsolidated Norsemont VenturesConsolidated Pine Channel GoldCopper HillEcho Bay MinesEcuadorian Mi…
Namco nabs Ocean Diamond Mining
The world’s second-largest producer of marine diamonds just got bigger. Namibian Minerals (NMR-T), or Namco, has acquired a 92% interest in Ocean Diamond Mining, a fellow marine producer based in Sout…