LME WHSE LEVELS (June 21, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 15/99 (change from June 8 in brackets):MetalStock(tonnes)Change…
News
METAL PRICES (June 21, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJune 15June 14June 11June 10…
NEWS ROUNDUP — Hornby Bay launches program
Having closed a $450,000 private placement to fund exploration, Hornby Bay Exploration (HBBY-C) has set up a 16-man camp and mobilized drilling equipment and supplies to the Mouse Lake camp near Kuglu…
Romarco drills Goldfield
Having spent three years compiling a controlling land position in this historic district, Romarco Minerals (R-T) is now engaged in a drilling program aimed at outlining high-grade gold mineralization….
Bema looks to Russia for growth — Project financing plans geared toward Julietta gold mine
Undeterred by historic low gold prices, Bema Gold (BGO-T) remains committed to developing the high-grade Julietta gold-silver project in far eastern Russia.The company has completed an in-house re-eva…
EDITORIAL & OPINION — Regulators and cyberspace — Dot-com mania
When you’re hot, you’re hot, and when you’re an ugly duckling, you might as well transform yourself into a beautiful swan.That seems to be the rationale behind the flurry of mining companies trying to…
Meetings (June 21, 1999)
June 21 CamfloJune 21 Canadian ArrowJune 21 CarlinJune 21 ComaplexJune 21 ComstateJune 21 Currie RoseJune 21 General MnrlsJune 21 GeologixJune 21 KaieteurJune 21 LinkJune 21 PalmerJune 21 ParamaxJune …
Kinross throws in towel at Macassa
The Macassa mine in Kirkland Lake, long Canada’s deepest mine and still the country’s deepest gold mine, has closed its doors at the ripe age of 66.The mine’s operator, Kinross Gold (K-T), will contin…
Court ruling clears way for appeal in Karpa Springs fraud convictions
Based on new technical evidence brought forward by a Perth mining engineer, three West Australian prospectors have been granted the right to appeal their convictions in the Karpa Springs salting scand…
All that glisters is gold in new Imax film — Canadian production spans globe exploring allure of yellow metal
An Imax film that will have its world premier this month at Science North, in Sudbury, Ont., explores the cultural, economic and historical significance the yellow metal has played in societies throug…
NEWS ROUNDUP — Altavista to drill Philibert property
In mid-June, Altavista Mines (AIA-M) began the first phase of a 5,000-metre drilling program at the Philibert gold property, 50 km southwest of Chibougamau in northern Quebec.The initial phase of 2,30…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Gold’s tumble slows
The Dow Jones industrial average slipped 170.65 points, or 1.6%, for the week ended June 15, to close at 10,594.99.Gold companies held steady while the metal briefly sunk below US$260 per oz. It finis…