News

New minerals legislation in sight for South Africa

Since the African National Congress (ANC) came to power more than five years ago, South Africa’s mining industry has been nervous about proposed changes to the country’s mineral policy, including a ma…


The South Africans are coming! (February 07, 2000)

Vancouver-based St. Jude Resources (SJD-V) has intersected more gold at its Hwini-Butre property in Ghana.The latest round of infill and stepout holes focused on the Adoikrom, Father Brown and Dabokro…


Resource base soars at Sigma mine

A re-thinking of the style of mineralization at McWatters Mining’s (MCW-T) Sigma-Lamaque open-pit gold operations in Val d’Or, Que., has resulted in a swelling of the resource base to at least 1.8 mil…


Newmont posts record production in latest quarter

An improved gold price and record gold production helped Newmont Mining (NEM-N) earn US$46.8 million, or 28 per share, in the quarter ended Dec. 31, 1999.Newmont posted record production of 1.22 mill…


Sulliden cuts narrow gold

A 10-hole drill program by Sulliden Exploration (SUE-M) has failed to replicate previous promising surface results from the Santo Toribio project in west-central Peru. The company will now target a si…


Wheaton posts record profits

Higher grades and recovery rates at the Golden Bear heap-leach mine in northern British Columbia have translated into record earnings for Wheaton River Minerals (WRM-T).In 1999, the company turned a p…


METAL PRICES (January 31, 2000)

BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJan. 25Jan. 24Jan. 21Jan. 20…


CMHF adds six members

At first glance, the six men inducted into the Canadian Mining Hall of Fame during a recent ceremony at Toronto’s Royal York Hotel seem to have little in common.Their accomplishments are diverse, incl…


Banks force Ashanti’s hand

Strapped for cash and with now place left to turn, beleaguered Ashanti Goldfields (ASL-N) has agreed to share its prized Geita gold project in Tanzania in an attempt to raise US$100 million in a separ…


Sins of the past

Few mining projects have had to carry as many social expectations as the Voisey’s Bay nickel-copper-cobalt project in Labrador. So heavy is the load that the project remains undeveloped, caught betwee…


TSE Shorts (January 31, 2000)

Short positions outstanding at January 15, 2000Larger individual positions include:Abitibi-Consolidated 1,293,672 up 288,552; Alcan Aluminum 1,417,558 up 374,821; Barrick Gold 4,623,810, up…


TSE Indices

— 2000 –DateJan. 25Jan. 24Jan. 21Jan. 20Jan. 19High…


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