Battle Mountain drills to boost Phoenix
Houston, Tex.-based Battle Mountain Gold (BMG-N) has launched a major drilling campaign at its namesake complex in northern Nevada in preparation for a draft environmental impact statement.The program…
Lihir Gold Limited
Companies (May 03, 1999)
AnglogoldArgentina GoldArgosy MiningAsarcoAshanti GoldfieldsAshton MiningAtna ResourcesB.Y.G. Natural ResourcesBarrick GoldBattle Mountain GoldBolidenBroken Hill ProprietaryCaldera ResourcesCalliope M…
Lihir mine underperforms in first quarter
Vengold (VEN-T) says first-quarter gold production at its Lihir mine in Papua New Guinea proved lower than expected. The cause is attributed to unplanned downtime.The company holds an 18.5% interest i…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow eyes 11,000 mark
The Dow Jones industrial average rose 383.16 points, or 3.7%, in the report period ended April 27 to finish at a new high of 10,831.71, closing in on the 11,000 mark.Mining issues were mixed as gold a…
MINING MARKET & INVESTMENT NEWS — U.S. MARKETS — Dow closes above 10K mark
In the report period ended April 13, the Dow Jones industrial average finally closed above the 10,000 mark, finishing the week at 10,395.01, up 433.52 points, or 4.3%.Strength in the gold and copper m…
U.S. MARKETS — Dow soars as gold falls
The Dow Jones industrial average climbed 236.71 points, or 2.4%, during the report period ended March 16, briefly touching 10,000, before closing at 9930.47 points.However, it was bad news for miners …
Companies (March 22, 1999)
Aber ResourcesAlcan AluminumAnglo AmericanAnglogoldArgentina GoldBarrick GoldBattle Mountain GoldBillitonBroken Hill ProprietaryCambiorCancor MinesClaude ResourcesEuro-Nevada MiningFalconbridgeFarallo…
Vengold reduces interest in Lihir — Sale enables company to shed US$11m in outstanding debt.
Shaky year-end results and a US$178.1-million debt load prodded Vengold (VEN-T) to cut its interest in the Lihir gold mine in Papua New Guinea.Vengold sold 5.9 million shares of Australian-based Niugi…
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…
Battle Mountain writes off stake in Lihir — More gold produced at Golden Giant, Kori Kollo
To fund development projects in the U.S., Battle Mountain Gold (BMG-N) will dispose of its interest in the Lihir gold mine in Papua New Guinea.The company holds an 8.65% interest in the mine’s owner, …
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Low copper pounds producers
The Dow Jones industrial average gained 164 points, or 1.8%, during the report period ended Feb. 16, to close at 9,297.03.Mining issues were mixed throughout the week, though copper producers were hit…
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — New Year trading lifts miners (January 11, 1999)
With traders slowly coming back from the New Year’s holiday, the Dow Jones industrial average dropped 9.79 points to close at 9,311.19 for the report period Dec. 29-Jan. 5.Although metal prices langui…