NEWS ROUNDUP — Denison reports modest loss
Toronto-based Denison Mines (DEN-T) has posted a loss of $3.3 million (or 1 cents per share) on revenue of $52.4 million for 1988, compared with earnings of $25.7 million on revenue of $73.1 million i…
News
EDITORIAL & OPINION — COMMENTARY — Resource estimation and geological constraints, Part 1
The orebody supports the mine; a mine cannot create an orebody. But we see, and everybody reads about, mines that start up based on assumptions of grade, geometry and continuity, only to find that tho…
METAL PRICES (March 08, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMar. 2Mar. 1Feb. 26Feb. 25…
PRODUCER & DEALER PRICES (March 08, 1999)
Antimony: Representative mid-market US$1,390 per tonne (Mar. 2/99).Bismuth: Representative mid-market US$3.25 per lb. (Mar. 2/99).Cadmium: Representative mid-market US$0.28 per lb. (Mar. 2/99).Chromiu…
Newmont readies Trenton Canyon mine
Newmont Mining (NEM-N) will soon begin pulling gold from its Trenton Canyon open-pit project, southwest of Battle Mountain, Nev.Plans call for the ore to be placed directly on to heap-leach pads, uncr…
NEWS ROUNDUP — Aussie firm to close Beenup mine
Ongoing technical problems and production shortfalls have prompted Broken Hill Proprietary (BHP-N) to close its Beenup titanium mine in Western Australia.The company tried, unsuccessfully, to solve th…
MINING MARKETS & INVESTMENT NEWS — Dayton continues to rebuild
A proposal to reorganize its capital structure marks a final step in a re-building process that Dayton Mining (DAY-T) started more than eight months ago.The beleaguered gold producer intends to conver…
SPOT PRICES (March 08, 1999)
Wednesday, March 3, 1999Precious MetalsPrice (US)ChangeGold286.65+$0.55Silver$ 5.3…
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Dow wipes out last week’s gains
The Dow Jones industrial average dropped 246.81 points for the report period ended March 2, to close at 9,297.61.Mining issues were mixed in modest trading, as metals prices held steady. New York Stoc…
NEWS ROUNDUP — Minto drills in Yukon
Drilling by Minto Explorations (MXO-V) will test newly generated targets outside known areas of mineralization at its polymetallic project 240 km northwest of Whitehorse, Y.T.The company and partner A…
Canyon considers suit against Montana — Prohibition on cyanide use deemed unconstitutional
Canyon Resources (CAU-X) is considering challenging a controversial new law in Montana that prohibits the use of cyanide in new mining projects.The fifth amendment of the U.S. constitution provides th…
Meetings (March 08, 1999)
March 9, Intertech March 9, Lakewood March 9, Mustang March 9, Ramarro March 10, Harvey Creek March 10, MacMillan March 10, Madrona March 10, Nora March 10, Stookum March 11, Braiden March 11, Enertec…