Freeport lowest-cost copper producer
In the fourth quarter of 1999, Freeport-McMoRan Copper & Gold (FCX-N) held on to its position as the world’s lowest-cost producer of the red metal.At the company’s chief operating asset — the Grasber…
News
Bulls run in metals markets
Metals markets are looking increasingly bullish: copper and aluminum have both achieved new highs in the current cycle; nickel and zinc are trading at just below their recent highs; and even gold has …
Campbell’s production bounces back
The fortunes of Campbell Resources (CCH-T) are set to turn as production resumes at its two gold mines. Two new pits are operating at the Santa Gertrudis mine in Sonora state, Mexico, and a developmen…
Goldcorp boosts reserves
Underground delineation drilling by Goldcorp (G-T) has resulted in a 17% increase in reserves at the Red Lake mine in northwestern Ontario.Reserves in the High Grade zone now stand at 1.5 million tonn…
PRODUCER AND DEALER PRICES (January 24, 2000)
Antimony: Mid-mkt US$1,200/t.Bismuth: Mid-mkt US$4.05/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.70-15.60/lb.Copper: Comex Mar. US$0.866/lb.Indium: In…
Miners mixed despite gold’s rise
The Dow Jones industrial average rose to a new high above 11,700 points during the report period ended Jan. 18, only to fall back to 11,560.72, a gain of only 49.64 points, or 0.4%.Spot gold on the Co…
Manatial Espejo yields more bonanza silver
Drilling at the Manantial Espejo project in southern Argentina has intersected bonanza silver grades for partners Silver Standard Resources (SSO-V) and Black Hawk Mining (BHK-T).Silver Standard can ea…
CDNX surges on high-tech trading
The Canadian Venture Exchange continued to defy gravity during the report period ended Jan. 18, as internet and high-tech stocks dominated the most active list. The index surged 131.47 points, or 5%, …
Eldorado issues special warrants for Turkish projects
To fund exploration of its projects in Turkey and elsewhere, Eldorado Gold (ELD-T) has arranged an $8.5-million financing.National Bank Financial will place up to 9.5 million special warrants of Eldor…
Corner Bay forges ahead
A third phase of reverse-circulation (RC) drilling is to begin at the Alamo Dorado silver-gold project of Corner Bay Minerals (BAY-T).Situated in Mexico’s Sonora state, the property hosts an independe…
Ashton Mining launches winter exploration work
Ashton Mining of Canada (ACA-T) is gearing up for ground geophysical work at the Star, Roundrock and Cross properties in the Far North.The company, which holds varying interests in some 2,200 sq. km o…
MEETINGS (January 24, 2000)
Jan 26 Montello — annual, generalJan 27 Excellon — annual, generalJan 27 Int’l Skyline — annual, generalJan 28 Mount Hope — annual, specialJan 28 Ni…