Uranium powers Cameco’s second quarter
Cameco (CCO-T) posted increased revenue and respectable earnings during the latest quarter, despite decreases in the price of its two major products: gold and uranium.During the first six months of 19…
1999
Miramar bids on Giant mine — Crosstown rival would take mine, leave mill
The final scenes of the Royal Oak Mines tragedy appear to be playing out, with a new player, Miramar Mining (MAE-T), waiting in the wings.Miramar, which operates the Con mine in Yellowknife, N.W.T., a…
Homestake settles Whitewood wrangle — Controversy over former superfund site dates back 16 years
A legal dispute that pitted the U.S. and South Dakota governments and a native band against Homestake Mining over the discharge of tailings into a local stream has been settled with a US$6-million pay…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — TSE makes gains as royalty sisters prepare to merge
Regaining half of what it lost in the previous period, the Toronto Stock Exchange 300 index rose 87.69 points during the holiday-shortened period Sept. 1-7 to end at 7,058.50.Gold continued an upward …
Companies (September 13, 1999)
AnglogoldAtna ResourcesBattle Mountain GoldBattle MountainBirim GoldfieldsBlue Lightning VenturesBotswana DiamondfieldsCambiorCamecoCanabrava DiamondComincoCorner Bay MineralsCorum Resourc…
MOST ACTIVE ISSUES, Sept 1-7
ExchgVol(000’s)HighLowCloseChangeEcuadrn MinT7115…
St Andrew still in the red
On the heels of reactivating its Hislop gold project in northern Ontario, St Andrew Goldfields (SAS-T) has reported another quarterly loss.The junior lost $365,277 in the 3-month period ended June 30,…
METAL PRICES (September 06, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateAug. 31Aug. 30Aug. 27Aug. 26…
Lac des sles posts loss
The Lac des les palladium-platinum mine near Thunder Bay, Ont., continues to keep operator North American Palladium (PDL-T) awash in red ink.The company posted a net loss of $3.8 million (42 cents pe…
Final holes at Duck Pond confirm resource
The last six holes drilled on the Duck Pond polymetallic property in central Newfoundland have confirmed the results of earlier drilling, while offering hope that the resource may be larger than earli…
PRODUCER & DEALER PRICES (September 06, 1999)
Antimony: Mid-mkt US$1,215/t.Bismuth: Mid-mkt US$3.90/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65/t.Cobalt: Recent trades US$18.60-20.00/lb.Copper: Comex Sept. US$0.777/lb.Indium: Indi…
Fancamp makes discovery
An early-stage gold discovery has Fancamp Resources (FNM-V) hopeful of the potential of its newly acquired Kourouba concession in the Kalana region of southwestern Mali, 90 km south of the capital cit…