Glamis posts resource
Based on results from recent exploration drilling, Glamis Gold (GLG-N) has concluded that the existing resource at the Cerro Blanco gold-silver project must be expanded before it can be advanced to th…
News
Band-Ore ties up discovery
Three northern Ontario prospectors have dealt a new diamond discovery east of Wawa, Ont., to Band-Ore Resources (BAN-T), and work on the property is scheduled to start shortly.Band-Ore is issuing 1.5 …
Writedowns erase Rio’s otherwise profitable year
A healthy combination of stronger copper prices, higher production and lower cash costs allowed Rio Algom (RIO-T) to end an otherwise mixed year on a high note.In 1999, Rio chalked up $184 million in …
Patricia aims to restart Island Gold
Junior Patricia Mining (PAT-V) is studying the feasibility of restarting production at the Island Gold project, 50 km northeast of Wawa, Ont.Island Gold comprises the Kremzar, Lochalsh and Goudreau pr…
Underground sampling begins at Snap Lake
In hopes of starting production as early as 2002, Winspear Resources (WSP-V) has launched an exploration program that will form the backbone of a feasibility study for the Snap Lake diamond project, 2…
Dayton plans to diversify
In a bid to diversify beyond its Chilean gold mine, Dayton Mining (DAY-T) has agreed to buy Kinross Gold’s (K-T) 49% stake in the Denton-Rawhide gold-silver mine, 190 km southeast of Reno, Nev.Kenneco…
EXCHANGE RATES (February 21, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 15Feb. 14Feb. 11Feb. 10Feb. 9…
PRODUCER AND DEALER PRICES (February 21, 2000)
Antimony: Mid-mkt US$1,170/t.Bismuth: Mid-mkt US$3.85/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.80-15.10/lb.Copper: Comex Mar. US$0.827/lb.Indium: In…
MOST ACTIVE ISSUES, Feb. 9-15
ExchgVol(000s)HighLowCloseChangeWilliam ResT 209860 0.31 0.11 0.19 + 0.08…
Manhattan outlines new gold zones
Drilling by Manhattan Minerals (MAN-T) at its 75%-optioned Tambo Grande polymetallic property in northwestern Peru continues to outline gold zones near the main depositThe Southwest zone, outlined dur…
Gold hangs tough
The Dow Jones industrial average fell 239.51 points, or 2.2%, during the report period ended Feb. 15 to close at 10,718.09.Spot gold climbed slightly to US$301.70 per oz. on the Comex division of the …
Summo awaits feasibility
Solvent extraction techniques are proving increasingly attractive to conventional copper mining companies as they struggle against historically low prices.One such company, Denver-based Summo Minerals…