Producer and Dealer Prices (August 14, 2000)
Antimony: Mid-mkt US$1,615/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.90-14.20/lb.Copper: Comex Sept. US$0.8615/lb.Indium: …
2000
Franco-Nevada boosts earnings
Gold-royalty company Franco-Nevada Mining (FN-T) is heading into its merger with Gold Fields (GOLD-Q) with higher revenue and earnings. In the three months ended June 30, Franco-Nevada earned $29.4 mi…
Solitario, Altoro show urge to merge
Solitario Resources (SLR-T) has replaced its takeover bid for Altoro Gold (ATG-V) with an agreement unanimously approved by both boards of directors.Under the plan, shareholders of Altoro will exchang…
EVENTS (August 14, 2000)
Aug. 17-21 Environmental Geotechnology and Global Sustainable Development — 5th Int’l Symposium. Belo Horizonte, Brazil. Tel: +55 31 238-1742. Fax: +55 31 238-1793.Aug. 21-23, — Strategic Mine Plann…
Partners renew search for Nunavut gold
With several targets left to test, partners Hope Bay Gold (HGC-T) and Miramar Mining (MAE-T) have renewed exploration at their Hope Bay gold property in Nunavut.The Hope Bay property covers nearly the…
Kinross cuts more gold at Goose Lake in Nunavut Geita
Drilling by Kinross Gold (K-T) at Wheaton River Minerals’ (WRM-T) George Lake project in Nunavut continues to extend the project’s Goose Lake deposit.The highlight of the most recent batch of assays i…
Goldcorp restarts Red Lake mine
After a 4-year production hiatus, the Red Lake mine in northwestern Ontario is once again producing gold.In early August, Goldcorp (G-T) poured 1,090 oz. from the High Grade zone. Another 63,000 oz. a…
Royal’s Greek project hits snag
The Greek government has pulled the plug on exploration at the Midas gold project on Milos island. The country’s environment ministry rejected the environmental impact study for the project, on the gr…
Copper, aluminum take a tumble
Trading data from the Commodity Futures Trading Commission indicate that speculative interest in copper is at its highest level in the past six months, so markets could be vulnerable to long liquidati…
Stillwater viewed as possible takeover target Investment Commentary
The expansion program that was supposed to boost the fortunes of Stillwater Mining (SWC-A) is 18 months behind schedule and still not free of problems, prompting some analysts to speculate that the wi…
Teck buoyed by Cominco
Cominco’s (CLT-T) solid financial performance helped support Teck (TEK-T) during the recent second quarter.Teck tabled earnings of $11 million (or 10 per share) on revenue of $158 million, compared w…
Tahera completes financing
Diamond explorer Tahera (TAH-T) will get a $13-million cash infusion from Australian mining financier Joseph Gutnick, pursuant to an equity deal announced in early June.Edensor Nominees, trustee of a …