LME WHSE LEVELS (March 13, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Mar. 7/99 (change from Feb. 29 in brackets):MetalStock(tonnes)Change…
2000
Abiting buys Hammerdown
Vancouver-based Major General Resources (MGJ-T) has completed the sale of its Hammerdown-Rumbullion gold deposit, in central Newfoundland’s Springdale-King’s Point mining district.The buyer, privately…
Kudos for Klein, Harris
The howls of outrage which greeted the recent decisions of Ontario and Alberta to fund new post-secondary programs that focus on practical skills rather than liberal arts were not unexpected. Similar …
MEETINGS (March 13, 2000)
March 14 Tapajos — annual, specialMarch 15 Flame Petro — general, extraordinaryMarch 15 Twin Gold — annualMarch 16 Blue Desert. — annual, specialMarch 16…
Teck boosts stake in San Nicolas
Teck (TEK-T) has agreed to acquire an additional 25% carried interest in the San Nicolas copper-zinc deposit in Mexico’s Zacatecas state. In return, it will pay 1.8 million of its Class B shares to th…
US draws down silver stocks
In 1999, the U.S. Mint consumed nearly 10.3 million oz. silver for coins, dramatically reducing stocks of silver from the country’s reserve of strategic metals, the National Defense Stockpile, reports…
No Headline (March 13, 2000)
Homestake boostsVeladero resource
Ongoing drilling by Homestake Mining (HM-N) on its 60%-owned Veladero property in northwestern Argentina has increased the gold resource by 39% to 7.8 million contained ounces.The increased resource i…
Aur spurns Cambior to buy Chilean mine
Spying a better opportunity in Chile, Aur Resources (AUR-T) has withdrawn its merger proposal with beleaguered Cambior (CBJ-T) to pick up a controlling stake in the Quebrada Blanca copper mine from Co…
Coeur sees production drop
Lower silver and gold production resulted in a net loss of US$38.9 million (or $1.61 per share) for Coeur d’Alene Mines (CDE-N) in 1999, compared with a loss of US$244.8 million ($11.81 per share) in …
Great Basin expands Ivanhoe (March 13, 2000)
Results from ongoing drilling at the Ivanhoe gold project in Nevada have increased the strike lengths of the Clementine and Gwenivere gold-bearing vein systems to 1,800 ft.Great Basin Gold (GBG-V) rep…
Federal budget contains no flow-through provision
Ontario Mines Minister Tim Hudak says he is disappointed by Ottawa’s decision not to enhance federal flow-through financing in the recent budget.Currently, Canadian investors who subscribe to flow-thr…