Tighter market squeezes PCS
Declining fertilizer demand and increased domestic competition took a bite out of Potash Corp. of Saskatchewan’s (POT-T) bottom line during the second quarter.For the quarter ended June 30, Potash Cor…
News
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Improving metals help producers
The Dow Jones industrial average slipped 22.16 points, or 0.2%, to finish the report period Aug. 4-11 at 10,655.15.Mining issues inched upward on improving commodity prices. Gold was up to US$258.70 p…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Rising prices keep nickel miners buoyant
Nickel continued to lead the revived base metal market during the Aug. 4-10 report period, with prices climbing 12 cents to US$2.91 per lb. thanks to a combination of growing demand, shrinking stocks …
Meetings (August 16, 1999)
Aug 16 Alpha Gold Aug 16 Gran Columbia Aug 16 Mango Aug 16 Rupert Aug 16 Telkwa Gold Aug 17 Bice Ventures Aug 17 Breckenridge Aug 17 Int’l Calneva Aug 17 Oromin Aug 17 Planet Expl. Aug 17 Redhawk Aug …
Noranda improves bottom line
Lower operating costs and higher metal production translated into higher income for Noranda (NOR-T) in the first half of the year.Earnings during the six months ended June 30 topped $34 million (or 10…
Maya, Billiton in Honduras
Maya Gold (MAY-A) and the Canadian subsidiary of London-based Billiton will explore for the yellow metal on the Triunfo concession in southern Honduras.To acquire an option on the property, Billiton h…
Placer reports solid quarter, continues cost-cutting efforts
North America’s third-largest gold mining company turned a profit in the second quarter, demonstrating an ability to adapt to lower gold prices by increasing efficiency and maintaining solid hedging p…
Homestake makes $100,000
Higher production pushed Homestake Mining (HM-N) into the black during the second quarter of 1999, despite poor gold prices.The company earned US$100,000 in the 3-month period, compared with a loss of…
NA Palladium ups Lac des les resource
The world’s largest open-pit palladium deposit, and Canada’s only primary producer of the metal, just got bigger.The Lac des les mine of North American Palladium (PDL-T) is situated near Thunder Bay,…
Afriore, Iamgold to test for gold
Afriore (AFO-V) and Iamgold (IMG-T) have signed a tentative joint agreement to test an area in South Africa with the potential to host extensive Witwatersrand-type gold mineralization.The area contain…
SUPPLIERS NEWS ROUNDUP — BLM awards minerals educators
Golden, Colo.-based Mineral Information Institute (MII) has received an award from the U.S. government for its efforts to educate U.S. school children about mining and minerals.The Excellence in Educa…
SPOT PRICES (August 16, 1999)
Precious MetalsPrice (US$/oz.)ChangeGold$256.90-$0.60Silver$ 5.34+$0.14…