Cygnus bombs
Ashton Mining of Canada (ACA-T) has recovered low diamond counts from a recent kimberlite discovery in the Northwest Territories and from additional mini-bulk sampling on an Alberta kimberlite.The Cyg…
News
Sunshine seeks debt relief
Yet again, Sunshine Mining & Refining (SSC-N) has pushed back the maturity date for its 8% senior exchangeable notes until June 30.The Idaho-based silver company does not have the resources to pay the…
PEOPLE (July 03, 2000)
Boliden — Thomas Cederborg appointed executive vp and chief operating officer.Cabo — Stanley Feinerman appointed director.Cathedral — Mark Bentsen, Herman Hartley, Donald Sabo appointe…
Teck tenders offer for Cominco shares
Seeing robust growth in its 45.1% equity stake in base metal major Cominco (CLT-T), Teck (TEK-T) has tendered an offer to buy an additional 4 million shares at $25 per share.The $100-million bid repre…
Spot Prices – Wed. June 21, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$286.60+$0.55Silver$ 5.02+$0.02…
Exchange Rates (June 26, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 20June 19June 16June 15June 14…
MOST ACTIVE ISSUES, June 14-20
ExchgVol(000s)HighLowCloseChangeAlcoa*N 19520 32.00 28.44 30.06 +2.00…
Franco-Nevada rebounds as merger news sinks in
With the arrival of summer, gold decided to take a breather from its steady 2-month climb, easing up just US55 to reach a London morning fix at US$286.60 per oz. on June 21, after pulling back from t…
Grupo Mexico sells aggregates unit
Grupo Mexico has agreed to sell its aggregates division, American Limestone, to CSR America, a division of the CSR Group, for US$211 million.American Limestone is the second division of Asarco to be s…
Mining index posts gains on Venture Exchange
The Canadian Venture Exchange index ended the report period June 14-20 up a meager 5.93 points, or 0.2%, at 3,470.43. The mining index led all indices, rising 160.83 points, or 3.9%. to finish at 4,30…
De Beers calls for action
De Beers Consolidated Mines has sent a letter to diamond associations and exchanges, urging them to prohibit the use of “conflict diamonds” in Africa.The term refers to diamonds that are stolen from l…
Vista aims to restart Hycroft
With a capital infusion of US$11.9 million, Vista Gold (VGZ-T) believes it can restart production at the Hycroft mine in northeastern Nevada.A run-of-mine, heap-leach operation could produce 350,000 o…