Coeur sees production drop
Lower silver and gold production resulted in a net loss of US$38.9 million (or $1.61 per share) for Coeur d’Alene Mines (CDE-N) in 1999, compared with a loss of US$244.8 million ($11.81 per share) in …
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Markets anticipating Chinese trends
The recent fund-led selloff has left the base metals markets heavily dependent on fundamental support. Over the next few weeks, movements in London Metal Exchange (LME) stocks and physical premium lev…
High River Gold sets new production records
A record number of ounces was produced last year at the New Britannia and Buryatzoloto gold mines, reports High River Gold Mines (HRG-T).The New Britannia mine, situated in Snow Lake, Man., and operat…
Great Basin expands Ivanhoe (March 13, 2000)
Results from ongoing drilling at the Ivanhoe gold project in Nevada have increased the strike lengths of the Clementine and Gwenivere gold-bearing vein systems to 1,800 ft.Great Basin Gold (GBG-V) rep…
Spot Prices (March 13, 2000)
Precious MetalsPrice (US$/oz.)ChangeGold$292.75-$1.00Silver$ 5.07-$0.06…
Federal budget contains no flow-through provision
Ontario Mines Minister Tim Hudak says he is disappointed by Ottawa’s decision not to enhance federal flow-through financing in the recent budget.Currently, Canadian investors who subscribe to flow-thr…
Minera Andes hits bonanza grade
A 14-hole program of reverse-circulation drilling has intersected bonanza-grade mineralization at the Pluma/Cerro Saavadra gold property in Argentina’s Santa Cruz province.Minera Andes (MAI-V) reports…
Stroud eyes high-grade Mexican silver deposit
Though still at an early stage of exploration, the Santo Domingo II project of Stroud Resources (SDR-T) is already showing signs of hosting a high-grade epithermal silver deposit.Santo Domingo lies in…
EuroZinc outlines new targets at Aljustrel
Based on a thorough examination of geophysical data, EuroZinc Mining (EZM-V) has identified 23 discreet gravity anomalies at the Aljustrel massive sulphide project in Portugal.Many of the geophysical …
Glamis feels price pinch
Despite an increase in gold production, Glamis Gold (GLD-T) was unable to turn a profit in 1999. The company posted a loss of US$21.3 million (or US33 per share) on revenue of US$57.5 million, compar…
Metal Prices (March 05, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateFeb. 29Feb. 28Feb. 25Feb. 24…
River Gold finds new vein
Drifting by River Gold Mines (RIV-T) on the 290-metre level of its Eagle River gold mine, near Wawa, Ont., has confirmed a high-grade discovery first indicated by exploration drilling in 1999.The newl…