SPOT PRICES (November 22, 1999)
Precious MetalsPrice (US$/oz.)ChangeGold$295.45+$3.60Silver$ 5.17+$0.06…
News
LME WHSE LEVELS (November 22, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 16/99 (change from Nov. 9 in brackets):MetalStock(tonnes)Change…
THE NORTHERN MINER — Small Producers Index (November 22, 1999)
64.25 (+2.6)
THE NORTHERN MINER — North American Mining Index (November 22, 1999)
94.21 (+0.18)
Companies (November 22, 1999)
Archangel DiamondAsarcoAtna Res.Aur Res.Banff Res.Broken Hill Pty.CambiorCampbell Res.Canmine Res.Channel Res.Claude Res.Coeur d’Alene MinesCyprus AmaxDe Beers Cons. MinesDia Met MineralsEcho Bay Mine…
Moydow funds exploration
To finance exploration of its Ghanaian gold assets, junior Moydow Mines International (MOY-T) is raising $5 million via a private placement.The financing, brokered by Loewen, Ondaatje, McCutcheon, wil…
Campbell tackles costs
Excess dilution has prompted Campbell Resources (CCH-T) to switch mining methods at its Joe Mann gold mine, near Chibougamau, Que.Since September, production has been restricted to upper levels, with …
Niocan lines up customers
Montreal-based Niocan (NIO-M) will distribute at least 25% of its ferroniobium in Europe, possibly begining at the end of 2001.The company, which has signed an agreement with a leading ferro-alloy pro…
Grupo Mexico completes Asarco merger
After extending the deadline for its offer, Grupo Mexico completed its tender for the outstanding shares of New York, N.Y.-based Asarco (AR-N).The Mexican conglomerate captured 32.6 million shares of …
Greatest Value Traded, NOV. 10-16
ExchgVal($000s)HighLowCloseChangeAlcoa*N357086…
MOST ACTIVE ISSUES, NOV. 10-16
ExchgVol(000s)HighLowCloseChangePlacer DomeT9980…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Gold lifted by rate hike
The Dow Jones industrial average climbed 315.01 points, or 3%, to 10,932.33, late in the report period ended Nov. 16, spurred by an interest rate hike by the U.S. Federal Reserve.The rate hike helped …