Few bright spots in down market
Denver — The Dow Jones industrial average climbed 136.70 points, or 1.2%, to 11,175.84 during the report period ended June 5, while spot gold slumped to US$265.70 on the Comex division of the New Yor…
News
LME Warehouse Levels (June 11, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 5/01 (change from May 29 in brackets):MetalStock (tonnes)ChangeAluminium588150(+…
AngloGold expands Cresson mine
Denver — The Cresson gold mine, part of the Cripple Creek & Victor joint venture, southwest of Colorado’s Pikes Peak, is producing ore at greater than its design capacity.Originally designed to crush…
Buttress supports mining at Newmont’s Deep Post
Denver — In northern Nevada’s Carlin trend, Newmont Mining (NEM-N) has erected a buttress to support the south highwall at the Betze-Post mine, allowing underground miners at the Deep Post mine to ge…
Power problems mount for U.S. miners
Denver — The dramatic rise in electricity costs for mining operations in the western U.S. continues to threaten the industry. Blackouts are again keeping Californians in the dark, and deregulation go…
Goldstrike exceeds 2m oz. for sixth straight year
Goldstrike in Nevada’s Carlin trend is much more than Barrick Gold’s (ABX-T) flagship gold operation; it’s a world-renowned mining camp that has produced more than 18.6 million oz. since operations be…
Noranda drills Nfld copper prospect
Toronto-based Noranda (NOR-T) has begun a first phase of drilling at the Blue Point copper prospect, part of the Red Cliff project in eastern Newfoundland.Blue Point is a gently dipping, coastal expos…
MOST ACTIVE ISSUES, MAY 30-JUNE 5
ExchgVol(000s)HighLowCloseChangeAlcoa*N 1361144.9842.1244.84+1.38…
Drilling expands Hope Bay deposit
Vancouver — Drilling by partners Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) at the Hope Bay project in Nunavut has expanded the Boston South, Naartok, P112 and Suluk zones.At the newly discover…
Sudbury Contact drills Tonkin Springs
Denver — Drilling at the Tonkin Springs gold project in central Nevada is about to resume, in preparation for a new resource estimate.Toronto-based Sudbury Contact Mines (SUD-T), a 57%-held subsidiar…
GREATEST VALUE TRADED, MAY 30-JUNE 5
ExchgVal($000s)HighLowCloseChangeAlcoa*N61034444.9842.1244.84+1.38…
Newmont resumes search at Limousine Butte
In preparation for a third round of drilling on the Limousine Butte gold property in east-central Nevada, a field crew from Newmont Mining (NEM-N) has begun soil sampling and ground geophysics prior t…