Kubaka helps Russian production
Gold production in Russia between January and October was more than 250,000 oz. higher than in the comparable period of 1998, according to figures released by the country’s Ministry of Economics.About…
News
Gold tumbles again as producers follow suit
Gold fell for a third consecutive week, slipping $3.45 during the Dec. 8-14 report period to a London fix of US$279.85 on the morning of Dec. 15. The Toronto Stock Exchange’s gold and precious metals …
Appeals court favours Freeport-McMoRan
A U.S. Court of Appeal has upheld an earlier ruling against an opponent of the giant Grasberg copper-gold mine in Irian Jaya, Indonesia, stating that the plaintiff, Thomas Beanal, failed to show that …
Writedowns take toll on Northern Orion
Northern Orion Explorations (NNO-T), further in the red following a series of writedowns attributed to its Mantua gold operation in Cuba, has arranged a refinancing with parent Miramar Mining (MAE-T)….
Canadian Venture Exchange rides bullish trend
The Canadian Venture Exchange posted an impressive gain of 122.1 points, or 5.7%, and closed the week ended Dec. 14 at 2,154.08. The bullish trend marks the largest one-week gain since the market’s in…
LME WHSE LEVELS (December 20, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 14/99 (change from Dec. 7 in brackets):Aluminium767550(-5400)…
TSE Indices (December 20, 1999)
— 1999 –DateDec. 14Dec. 13Dec. 10Dec. 9Dec. 8High…
TSE Shorts (December 20, 1999)
Short positions outstanding at December 6, 1999Larger individual positions include:Abitibi-Consolidated 2,035,398, down 287,271; Alcan Aluminum 1,474,367, down 70,176; Anderson Exploration 1…
Maude Lake finds gold
Maude Lake Exploration (MAU-M) has drilled several gold-bearing intersections during a 3,741-metre program recently completed at the Comtois prospect, 15 km west of Lebel-sur-Quvillon, Que.The junior…
Aussie producer eyes Nevada
An Australian gold producer has joined with Franc-Or Resources (FOR-T) and its privately owned partner to explore five properties in Nevada.To earn a 40% interest, Ranger Minerals (listed on the Austr…
Drill holes cut copper at Magistral property in Peru
Results from the first three holes of an 8-hole drill program on the Magistral copper skarn property in north-central Peru have intersected significant copper mineralization for partners Inca Pacific …
Boliden sells stake in Saudi mine.
For US$6.9 million in cash, base metal major Boliden (BOL-T) has sold its half-interest in the Saudi Company for Precious Metals (SCPM) to the Saudi Arabian Mining Company (Ma’aden). Prior to the sale…