Hope for depressed prices
A strong afternoon’s trading on Friday saw prices for aluminum, copper, zinc and lead all finish the week of Nov. 20 with encouraging gains. Indeed, some analysts are of the opinion that the period of…
News
AngloGold eyes asset sales in South Africa
Denver — The world’s largest gold producer, AngloGold (AU-N), is considering selling the Elandsrand and Deelkraal gold mines and some of its Free State operations in South Africa.The company says it …
Claude squeezes costs, maintains earnings
Gold producer Claude Resources (CRJ-T) finished the third quarter of 2000 with net earnings of $1 million and is on-track to turn a modest profit at year-end.Claude earned 3 per share on revenue of $…
Spot Prices Wed. November 29, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$269.00+$2.55Silver$ 4.70+$0.08Platinum$600.00+$12.00…
CDNX slips under 3,000 mark
Vancouver — The blood-letting continued on Canada’s junior exchange as all indices lost ground over the report period ended Nov. 28. The Canadian Venture Exchange composite index slipped below the 3,…
External stakeholders
As the mining industry grows globally, companies are being forced to become more accountable to a wider array of stakeholders, according to a global survey by Amsterdam-based KPMG International.Forty-…
Metal Prices (December 04, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 28Nov. 27Nov. 24Nov. 23Nov. 22Aluminium1512.50…
Int’l Wayside updates Cariboo project
International Wayside Gold Mines (IWA-V) is exploring its Cariboo gold project, in north-central British Columbia, in a comprehensive program of geological mapping, soil geochemistry, ground geophysic…
Producer and Dealer Prices (December 04, 2000)
Antimony: Mid-mkt US$1,510/t.Bismuth: Mid-mkt US$3.85/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US…
Gitennes to drill massive sulphide showing in BC
Vancouver-based Gitennes Exploration (GIT-T) has arranged a brokered $300,000 private placement financing to fund further exploration of the Fox massive sulphide showing in southern British Columbia.I…
Northair tables Lobos trench results
Results from mechanized trenching indicate that the Lobos gold project, in Mexico’s Sinaloa state, has bulk-tonnage potential, according to International Northair Mines (INM-V).The property lies along…
Shareholders approve sale
Denver — Shareholders of Ashanti Goldfields (ASL-N) have approved the sale of half of the Geita mine to AngloGold (AU-N). The mine is in the Lake Victoria region of Tanzania.Ashanti’s two principal s…