PEOPLE — EuroZinc (October 25, 1999)
J.E. Fletcher appointed director.
1999
PEOPLE — Eldorado (October 25, 1999)
P.N. Wright appointed president and CEO.
Northgate buys Kemess
The Kemess gold mine in northern British Columbia, the last remaining asset of defunct Royal Oak Mines, has been sold at last.Northgate Exploration (NGX-T) has agreed to take on the mine and keep it o…
Glamis sees higher production in 2000
By fully integrating the three mines it acquired from its recent merger with Rayrock Resources, as well as additional production from the new San Martin mine in Honduras, Glamis Gold (GLG-N) expects t…
PRODUCER & DEALER PRICES (October 25, 1999)
Antimony: Mid-mkt US$1,165/t.Bismuth: Mid-mkt US$4.65/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65/t.Cobalt: Recent trades US$14.95-17.00/lb.Copper: Comex Dec. US$0.791/lb.Indium: Indiu…
METAL PRICES (October 25, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 19Oct. 18Oct. 15Oct. 14…
Hedge books worry Ashanti, Cambior
The well-publicized troubles of Ashanti Goldfields (ASL-N), whose hedge book reached a negative paper value of US$450 million early this month, appear to be easing as the potential loss shrinks. Ashan…
Union rejects Goldcorp offer
Workers at the Red Lake mine in northern Ontario have rejected Goldcorp’s (G-T) latest offer, prolonging a strike that is now in its third year.The company had offered a termination provision, includi…
MOST ACTIVE ISSUES, OCTOBER 13-19
ExchgVol(000s)HighLowCloseChangeKinross GldT17130…
LATIN AMERICA — Full speed ahead as Antamina’s partners dip into treasury — Huge polymetallic mine in northwestern Peru moves closer to production
Special to The Northern MinerConstruction at the Antamina project in northwestern Peru has moved into high gear since its Canadian owners secured more than US$1.3 billion in debt financing to develop …
LATIN AMERICA — Noranda options Chilean copper-gold prospect
Noranda (NOR-T) and Metallica Resources (MR-T) has signed an agreement to explore the Morro copper-gold property in north-central Chile.The major can earn a 70% interest in the 185-sq. km property by …
LATIN AMERICA — Meridian drills Venturina
An exploration progam by Meridian Gold (MNG-T) is aimed at defining drill targets at the Venturina gold-silver property in Mexico’s Chihuahua state and investigating a surrounding land package.Under a…