Conference focuses on hedging
With gold prices bouncing off 20-year lows, the hedging strategies of the world’s major producers were front and centre at the Denver Gold Group’s Mining Investment Forum held here in mid-October. Del…
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THE NORTHERN MINER — Small Producers Index (November 01, 1999)
64.55 (-3.12)(Sept. 30/98 = 100)…
THE NORTHERN MINER — North American Mining Index (November 01, 1999)
96.18 (-3.83)(Sept. 30/98 = 100)…
MOST ACTIVE ISSUES, OCTOBER 20-26
ExchgVol(000s)HighLowCloseChangePlacer DomeT15427…
GOLD FUNDS (November 01, 1999)
Gold Funds as of October 21, 1999BGRCentralNet Value$14.355.92Price$9.55$…
LME WHSE LEVELS (November 01, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 26/99 (change from Oct. 19 in brackets):MetalStock(tonnes)Change…
Greatest Value Traded, OCTOBER 20-26
ExchgVal($000s)HighLowCloseChangeBarrick GoldT285…
U.S. copper demand on the rise
Copper consumption in the U.S. was 2.6% higher in the first seven months of 1999, compared with the corresponding period last year.The U.S., the world’s chief consumer of copper, is expected to use 8….
China restructures mining laws for Western players — ‘Friendly’ revisions fail to address concerns over preset gold prices
The Chinese government has upgraded its Mining Code in an attempt to lure more foreign investors, but mining firms remain critical of a component that prohibits gold hedging.The changes allow foreign …
SPOT PRICES (November 01, 1999)
Wednesday October 27, 1999Precious MetalsPrice (US$/oz.)ChangeGold$290.40-$19.35Silver…
CORRECTION (November 01, 1999)
The Cerro Colorado mine, owned by Rio Algom (ROM-T) in Chile, is producing 100,000 tonnes of electrowon copper per year. Incorrect information appeared in our issue of Oct 18-24.
ALASKA & THE YUKON — Companies still high on Alaskan base metals
While most coveted gold, a handful of the companies that scoured Alaska’s countryside this past season were focused on base metals. Topping the list was Cominco (CLT-V), owner and operator of the Red …