Cambior loses US$27m
Posting a third-quarter loss of US$27.3 million (or US39 cents per share), gold miner Cambior (CBJ-T) has bitten the bullet and recorded a US$33-million charge against earnings related to the restruct…
1999
Hedging clips Newmont
Accounting charges related to hedging pulled down earnings for Newmont Mining (NEM-N) in the third quarter.The company posted a loss of US$39 million (or 23 cents per share) after a US$41.3-million no…
PRODUCER & DEALER PRICES (November 22, 1999)
Antimony: Mid-mkt US$1,125/t.Bismuth: Mid-mkt US$4.60/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65/t.Cobalt: Recent trades US$13.75-15.50/lb.Copper: Comex Dec. US$0.7835/lb.Indium: Indi…
TVX lets out contract for Olympias project
With a green light from its final feasibility study and permit applications awaiting approval, TVX Gold (TVX-T) has awarded the principal construction management contract for its Olympias mine project…
THE NORTHERN MINER — North American Mining Index (November 22, 1999)
94.21 (+0.18)
Companies (November 22, 1999)
Archangel DiamondAsarcoAtna Res.Aur Res.Banff Res.Broken Hill Pty.CambiorCampbell Res.Canmine Res.Channel Res.Claude Res.Coeur d’Alene MinesCyprus AmaxDe Beers Cons. MinesDia Met MineralsEcho Bay Mine…
Moydow funds exploration
To finance exploration of its Ghanaian gold assets, junior Moydow Mines International (MOY-T) is raising $5 million via a private placement.The financing, brokered by Loewen, Ondaatje, McCutcheon, wil…
Manhattan to resume work at Tambo Grande project
Manhattan Minerals (MAN-T) will begin a second round of drilling at its 75%-optioned Tambo Grande polymetallic project in northwestern Peru.During the first phase, which consisted of 102 core holes (2…
GEOLOGY 101 – Skarn deposits, Part 1
Skarn deposits are significant sources of tungsten, copper, iron, gold, molybdenum, lead, zinc and tin, as well as being minor sources of silver and bismuth. Industrial minerals, including wollastonit…
PEOPLE — Solitario
John Hainey appointed director.
PEOPLE — LionOre
Colin Steyn appointed president and CEO; Donald Bailey appointed vice-chairman.
Placer boosts Zaldivar stake
Less than a year after it announced plans to divest itself of base metal assets, Placer Dome (PDG-T) has acquired full ownership of the Zaldivar open-pit copper mine in Chile.Placer shelled out US$251…