EVENTS (January 03, 2000)
Jan. 25-28 BC & Yukon Chamber of Mines — “Cordilleran Geology and Exploration Roundup.” Hotel Vancouver, Vancouver, B.C. Tel: (604) 681 5328.Jan. 30-Feb 2 American Zinc Association — “International …
News
Noranda may drop Caber
Low metal prices are forcing Noranda (NOR-T) to reconsider its participation in the Caber zinc-copper-silver project near Matagami, Que.The major can earn up to 70% interest in the property from South…
Wheaton River nabs Red Mountain
North American Metals (NAM-V), which is 89%-owned by Wheaton River Minerals (WRM-T), has agreed to buy the Red Mountain gold project of defunct Royal Oak Mines for $413,360.Situated in northwestern Br…
GREATEST VALUE TRADED, DEC. 15-21
Val($000s)HighLowCloseChangeAlcoa*N 839180 80.88 74.50 76.06 + 1.37…
METAL PRICES (December 27, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateDec. 21Dec. 20Dec. 17Dec. 16…
Grupo Mexico plans asset sale to pay off debt
Having borrowed US$817 million from Chase Manhattan Bank to acquire Asarco, Groupo Mexico is liquidating non-core assets to cover that debt and beef up its bottom line.As a first step, the Mexican cop…
David Lowell, Catherine McLeod-Seltzer share 1999 ‘Mining Man of the Year’ award
At first glance, it seems an unlikely partnership. Yet the weathered, laconic geologist with several major discoveries under his belt and the down-to-earth, female stockbroker with a keen eye for oppo…
From the treetops . . . to the court room
David Anderson’s newly unveiled strategy to save endangered species has been given a warm welcome by some powerful supporters, including one of Canada’s national newspapers, which wasted no time prais…
What about gold?
Gold sales by central banks were back in the news this past year. The Dutch central bank announced plans to sell 300 tons, thus reducing its total holdings to 752 tons. Britain has greatly reduced its…
Resource stocks climb on backs of stronger Metal Prices
Ending three consecutive weeks of losses, gold jumped $7.15 during the Dec. 15-21 report period to land at a London morning fix of US$287 per oz. on Dec. 22. The yellow metal had been suffering a bout…
Miramar Mining buys half of Hope Bay gold project
Miramar Mining (MAE-T) has gained a half-interest in the Hope Bay gold project in Nunavut from Cambiex Exploration (CBX-T).Miramar will act as operator during the feasibility and development phase, wh…
Laguna expands holdings
Laguna Gold (LGC-T) will issue 35 million shares and 4.9 million 3-year share purchase warrants (priced at US4 each) to acquire 2,550 sq. km in Mexico from Monrovia and 6,270 sq. km in Colombia from …