Ashanti posts record quarter
West Africa’s largest gold miner, Ashanti Goldfields (ASL-T), achieved record production in the first quarter, while, at the same time, reducing cash costs to below what they were a year ago.The 402,1…
News
EDITORIAL & OPINION — ODDS ‘N’ SODS — Drawn out days
The following is the fourth in a series of articles in which the author, an exploration geologist based in Delta, B.C., recounts his experiences working in the jungles of Venezuela in the late 1980s a…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — UK gold sales scuttle month-long rally
Britain’s central bankers added to gold’s woes during the May 5-11 report period by announcing that they would sell 125 tonnes (4 million oz.) of the country’s 715-tonne gold stockpile during fiscal 1…
METAL PRICES (May 17, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMay 11May 10May 7May 6…
Richmont posts modest quarterly loss
Low gold prices are taking their toll on Richmont Mines (RIC-T), a Montreal-based gold miner with operations in Quebec and Newfoundland.The company posted a loss of $517,685 (or 3 cents per share) on …
Kennecott reports Rocking Horse winner
Kennecott Canada Exploration has discovered a new kimberlite body on the Rocking Horse property, northwest of the Jericho region in the Nunavut Territory.Rocking Horse is one of three properties in wh…
Newmont’s Batu Hijau nears completion
The huge Batu Hijau copper-gold mine on the Indonesian island of Sumbawa is 90% complete and due to enter production in the fourth quarter. Commercial production is expected to follow in the first qua…
Gold Funds (May 10, 1999)
Gold Funds as of April 29, 1999BGRCentralNet Value$14.395.72Price$9.90$5.
America Mineral Fields hangs tough in DRC
With political instability continuing to cripple foreign mining ventures in the Democratic Republic of Congo (DRC), America Mineral Fields (AMZ-T) has battened down the hatches and is now waiting to r…
THE NORTHERN MINER — Small Producers Index (May 10, 1999)
70.93 (+1.85)
THE NORTHERN MINER — North American Mining Index (May 10, 1999)
107.17 (+6.51)
Index (May 10, 1999)
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