LME WHSE LEVELS (February 28, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 22/99 (change from Feb. 15 in brackets):Aluminium860825(+16600)…
News
EVENTS (February 28, 2000)
Feb. 29 CPM Group — “Silver Mining Investment Conference.” New York Mercantile Exchange, New York, N.Y. Tel: (212) 785-8320. Fax: (212) 785-8325. Web site: http://www.cpmgroup.comMarch 5-7…
Tiberon outlines anomaly
Surface sampling by Calgary-based junior Tiberon Minerals (TBR-V) has outlined a tungsten-bismuth-copper gold target at the Nui Phao property in northern Vietnam.Chip sampling on the southeastern slop…
River, Vencan end legal dispute (February 28, 2000)
A long-standing dispute over the profitability of the Edwards gold mine, near Wawa, Ont., has been settled.River Gold Mines (RIV-T) has paid Vencan Gold (VCG-M) $1.5 million in cash and a 3% net smelt…
Miramar to boost output
With the addition of the newly acquired Giant mine, Miramar Mining (MAE-T) expects to boost total gold production at its Yellowknife, N.W.T., division by 30% to 130,000 oz.Total cash costs at both the…
Aber’s Thomas, Falco’s Pugsley to receive PDAC honours
The evening of Thursday, March 9, will be a special one for D. Grenville Thomas, founder of Aber Resources, and Thomas Pugsley, vice-president of projects and engineering for Falconbridge. That’s when…
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…
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…