METAL PRICES (May 29, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMay 23May 22May 19May 18…
News
LME Warehouse Levels (May 29, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 23/00 (change from May 16 in brackets):MetalStock (tonnes)Change…
Producers mixed as gold takes a tumble
Gold took the spotlight in the May 17-23 report period, slipping 95 to a London morning fix of US$273.90 per oz. on May 24. This marks the second consecutive week in which the yellow metal has tumble…
CDNX sinks in stormy seas
The Canadian Venture Exchange index sank 124.24 points, or 3.6%, to close at 3,315.33 for the report period ended May 23. Only the oil and gas index managed to stay afloat, posting modest gains, while…
MOST ACTIVE ISSUES, May 17-23
ExchgVol(000s)HighLowCloseChangeAlcoa*N 7707 66.31 61.88 61.94 – 5.00…
NovaGold cuts higher grades at Rock Creek
The first six holes of an ongoing 30-hole infill drill program on the Rock Creek property, in western Alaska, have returned better-than-expected grades for California-based NovaGold Resources (NRI-T)….
Mali enjoys gold boom
Mali has already climbed to number 17 on the list of global producers, and experts predict the West African nation could reach an even higher ranking if several new projects under development come int…
Gold
Newmont Mining (NEM-N) is following the trend of other major gold producer eager to discover multi-million-ounce deposits that have potential for turning a profit at currently low prices. The Denver, …
Summo confirms SE Extension
An ongoing 50-hole drill program by Summo Minerals (SMA-T) on the SE Extension copper oxide deposit in southeastern Utah has so far extended the deposit for at least 2,200 ft.The program covers a 2,20…
Minera Andes drills in southern Argentina
A drilling crew dispatched by Minera Andes (MAI-V) has completed a 10-hole program at the Huevos Verdes gold-silver target on the Cerro Saavedra property in southern Argentina’s Santa Cruz province.Re…
Apex snares financing for San Cristobal
Two of the world’s major lending agencies have agreed to help finance the San Cristobal silver-zinc project of Apex Silver Mines (SIL-X) in southwestern Bolivia.The agencies are International Finance …
Jericho diamond project to stand alone
A facilities-use agreement between Tahera (TAH-T) and Echo Bay Mines (ECO-T) has fallen apart, throwing a wrench into the feasibility study for the proposed Jericho diamond mine in Canada’s Nunavut Te…