Spot Prices, Wed. June 7, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$286.95+$14.70Silver$ 5.05+$0.15…
News
LME Warehouse Levels (June 12, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 6/00 (change from May 30 in brackets):MetalStock(tonnes)Change…
Gregg River to close
Luscar has announced that the Gregg River coal mine, near Hinton, Alta., will close by September.Low coal prices, high production costs and, more recently, unfavourable geological conditions are respo…
Dayton enters Nevada scene with Denton-Rawhide purchase
As a latecomer to the Great Basin, Dayton Mining (DAY-X) missed the heady days of exploration in Nevada. However, with its newly acquired 49% interest in the Denton-Rawhide gold-silver mine, the compa…
Low prices hurt Arizona
Copper mining contributed US$6.2 billion in personal, business and government income to Arizona in 1999, down from nearly US$10 billion in the previous year.The decrease is attributed to low copper pr…
Aurogin, Globex plan program
Rouyn-Noranda-based Globex Mining Enterprises (GMX-T) and its new joint-venture partner, Aurogin Resources (AUQ-V), will explore a large land package in northwestern Quebec.The 40-sq.-km property, in …
Pan American gets political push
With an election looming, the governor of the Magadan district of eastern Russia has sent a letter to Pan American Silver (PAA-T) urging the company to start development of the large Dukat silver mine…
Kinross expands Wheaton River’s Goose Lake
An ongoing 40-hole, 11,000-metre drilling program by Kinross Gold (K-T) at the George Lake project in Nunavut is significantly extending the project’s Goose Lake deposit. The property is held by Wheat…
EXCHANGE RATES (June 05, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 30May 29May 26May 25May 24…
Celebration marks opening of two mines
Ambassadors from France and Japan and representatives from Asian, European and North American electrical utilities joined officials of Cameco (CCO-T) and Cogema and local residents for celebrations ma…
Kvaerner lost in Boliden
I look forward to reading The Northern Miner each week, as you produce an excellent publication that is filled with remarkably up-to-date information.However, I was disappointed that the site-visit re…
The Northern Miner — Small Producers Index (June 05, 2000)
49.28 (-2.08)(Sept. 30/98 = 100)…