TVX takes writedown
Toronto-based TVX Gold (TVX-T) will take a $64-million, one-time, non-cash charge against its 1999 earnings, reflecting the original purchase price of the Stratoni lead-zinc operation in Greece.The wr…
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EVENTS (March 13, 2000)
March 16-17 American Association of Professional Landmen — “16th Annual Meeting.” Peppermill Hotel & Casino, Reno, Nev. Tel: (817) 847-7700. Web site: http://www.nvlandman.org/malri.ht…
Ruben Fast
Ruben Fast, transportation manager at the Eskay Creek mine in British Columbia, has died. He was 64.Born in Hepburn, Sask., in 1936, Fast began his mining career in British Columbia’s Highland Valley …
PEOPLE (March 13, 2000)
Cornerstone — Timothy Froude appointed manager of exploration.Niko — John Koch appointed vp operations.Ontex — Charles Harnick, Peter Clute and Laurence Marsland appointed directors.
Improved price buoys SPC
Higher copper prices lifted fourth-quarter earnings for Southern Peru Copper (PCU-N) in 1999.The company posted net earnings of US$9.7 million (or 12 per share), compared with earnings of US$3.4 mill…
Partners bullish on Barra Grande potential
A second phase of drilling by Trans Hex International (THI-T) suggests that the Barra Grande property in eastern Brazil may host millions of cubic metres of diamond-bearing gravels.Barra Grande compri…
LME WHSE LEVELS (March 13, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Mar. 7/99 (change from Feb. 29 in brackets):MetalStock(tonnes)Change…
Abiting buys Hammerdown
Vancouver-based Major General Resources (MGJ-T) has completed the sale of its Hammerdown-Rumbullion gold deposit, in central Newfoundland’s Springdale-King’s Point mining district.The buyer, privately…
Kudos for Klein, Harris
The howls of outrage which greeted the recent decisions of Ontario and Alberta to fund new post-secondary programs that focus on practical skills rather than liberal arts were not unexpected. Similar …
MEETINGS (March 13, 2000)
March 14 Tapajos — annual, specialMarch 15 Flame Petro — general, extraordinaryMarch 15 Twin Gold — annualMarch 16 Blue Desert. — annual, specialMarch 16…
Teck boosts stake in San Nicolas
Teck (TEK-T) has agreed to acquire an additional 25% carried interest in the San Nicolas copper-zinc deposit in Mexico’s Zacatecas state. In return, it will pay 1.8 million of its Class B shares to th…
US draws down silver stocks
In 1999, the U.S. Mint consumed nearly 10.3 million oz. silver for coins, dramatically reducing stocks of silver from the country’s reserve of strategic metals, the National Defense Stockpile, reports…