Stillwater plans to boost output
A new 3-year operating plan is expected to help Stillwater Mining (SWC-X) expand production at its namesake platinum-palladium mine in southwestern Montana.The plan is designed to boost throughput fro…
News
Spot Prices Wed. September 20, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$271.10-$1.70Silver$ 4.86-$0.02…
Northern Miner Indices (September 25, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T22.7…
Diamond forums promise to be real gems
Diamond enthusiasts in Toronto and Vancouver will be treated to industry forums in their respective cities during October.The Toronto Geological Discussion Group has a full slate of speakers scheduled…
Drills hit at Machacala
The first eight holes drilled by Gold Hawk Resources (CGK-M) at the Machacala property in northwestern Peru have returned encouraging results.One hole drilled on the 2-km-long Casa de Fuerza vein inte…
Metal Prices (September 25, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 19Sept. 18Sep. 15Sept.
Coeur stakes new ground
Coeur d’Alene Mines (CDE-N) will explore the Wonder silver-gold property in north-central Nevada.The company is required to spend at least US$1.25 million on the property over five years, and it can b…
Harper gets year, $4m fine
Former Golden Rule Resources (GNU-T) president Glen Harper, convicted in mid-July of two counts of insider trading in the company, has been sentenced to a year in jail and a fine just under $4 million…
Yellow metal battered by British auction
The Sept. 13-19 report period saw another 25 tonnes of gold pour into the market from the Bank of England. The anticipated auction was oversubscribed by a rate of 2.6 times; however, this had little a…
Canadian contingent shines at world diamond conference
The World Diamond Conference, held earlier this year at Toronto’s Four Seasons Hotel, attracted delegates from a broad cross-section of the global diamond industry, including a large Canadian continge…
Ashton discovers kimberlite in Mauritania
Australia’s Ashton Mining has discovered what it believes is the first fully-documented diamond-bearing kimberlite pipe in Mauritania, northern Africa.Selected reverse-circulation drill samples totall…
Producers meet nickel’s high demand
The strong demand for nickel continues and Canada’s two producers, Inco and Falconbridge, are registering record levels of peacetime production.Production levels from Inco in the last half of 1950 sho…