Spot Prices, Wed. May 17, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$274.85-$2.95Silver$ 5.04+$0.01…
2000
TSE INDICES (May 22, 2000)
Prices current May 16, 2000DateMay 16May 15May 12May 11May 10High…
Ashanti produces more, earns less
Higher gold production was not sufficient to offset the effect of low gold prices for Ashanti Goldfields (ASL-N) during the first quarter.The Ghana-based company posted earnings of US$6.9 million (or …
Aur posts quarterly loss
Toronto-based Aur Resources (AUR-T) posted a net loss of $1.7 million on revenue of $26 million for its latest quarter ended March 31, compared with earnings of $526,000 on revenue of $23.6 million a …
Claude expands discovery at Seabee
Small-but-steady about sums up the production history of Claude Resources’ (CRJ-T) Seabee gold mine in northern Saskatchewan.In continuous production since 1991, the underground mine has produced an a…
EVENTS (May 22, 2000)
May 24-25 Cobalt Development Institute — “Cobalt Conference 2000.” Hotel Okura, Tokyo, Japan. Tel: +44 1483 578877. Fax: +44 1483 573873.E-mail: 101637.2106@compuserve.comMay 29-June 2 PanCanadian Pe…
Exall sinks into the red
Depressed prices and lower output translated into a 1999 loss for Exall Resources (EXL-T).Exall reported a loss of $1.1 million (or 4 per share) on revenue of $20.5 million, compared with earnings of…
Alcan closes Koralu deal
Alcan Aluminum has completed its acquisition of Aluminium of Korea (Koralu).The price tag was US$200 million in cash, with the understanding that Alcan will assume Koralu’s US$95-million debt.Koralu w…
BC rewards safety records
British Columbia Mines Minister Dan Miller recently presented safety awards to 16 mines at the 38th annual Safety Awards Banquet, held in Vancouver during Mining Week.For the second consecutive year, …
Nickel springs back as Inco strike nears
The May 10-16 report ended with a shadow being cast over the nickel market after workers at Inco’s Sudbury workers voted overwhelmingly in favour of a strike mandate.On May 16, union members handed th…
REGULAR DEPARTMENTS (May 22, 2000)
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Aber unveils bankable study
Canada’s fledgling diamond industry took another step forward with the release of a bankable feasibility study for the Diavik project in the Lac de Gras region of the Northwest Territories.The study s…