TSE INDICES (November 08, 1999)
1999Nov. 2Nov. 1Oct. 29Oct. 28Oct. 27HighLowCompo…
News
MINING MARKETS & INVESTMENT NEWS — U.S MARKETS — Miners mixed on gold’s rise
The Dow Jones industrial average climbed 279.71 points to 10,581.84 during the report period ended Nov. 2.While gold recovered a bit of its shine, climbing to US$291.30 on the Comex division of the Ne…
Powderhorn reveals more showings
Junior Copper Hill (CUHL-C) has found new showings at the Powderhorn property in Newfoundland’s central mineral belt.The discoveries, exposed by a new logging road excavated 1 km north of the Lake Zon…
Companies (November 08, 1999)
Agnico-Eagle MinesAltoro GoldBreakwater ResourcesBroken Hill ProprietaryBuryatzolotoCambiorConsolidated Norsemont VenturesConsolidated Pine Channel GoldCopper HillEcho Bay MinesEcuadorian Mi…
Cambior to lose US$33 million from hedging
Trying to repair the damage caused by its failed hedging program, Cambior (CBJ-T) has reduced its position by 1.3 million oz. gold.The company bought 1 million oz. through the bullion markets at an av…
Glamis sells Ivan copper mine
Glamis Gold (GLG-T) has sold its Ivan copper mine near Antofagasta, Chile, to Minera Milpo of Lima, Peru.Glamis acquired the small underground operation through its February 1999 merger with Rayrock R…
Namco nabs Ocean Diamond Mining
The world’s second-largest producer of marine diamonds just got bigger. Namibian Minerals (NMR-T), or Namco, has acquired a 92% interest in Ocean Diamond Mining, a fellow marine producer based in Sout…
Meetings (November 08, 1999)
Nov 8 Camflo Nov 8 Capco Nov 8 Prophet Minerals Nov 8 Tertiary Nov 9 Agau Nov 10 Destiny Nov 10 Hayden Nov 10 KWG Res. Nov 10 Mustang Nov 10 Naneco Nov 10 Pacific Cons. Nov 12 Banro Nov 12 KRL Res. No…
Index (November 08, 1999)
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Breakwater moves into the black
[Editor’s note: A previous article, also entitled “Breakwater moves into the black,” was published in our Nov. 1-7/99 issue. It contained numerous errors, including the reporting of silver grades as g…
PRODUCER & DEALER PRICES (November 08, 1999)
Antimony: Mid-mkt US$1,150/t.Bismuth: Mid-mkt US$4.65/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65/t.Cobalt: Recent trades US$13.95-16.00/lb.Copper: Comex Dec. US$0.814/lb.Indium: Indiu…
Laguna picks up ground in Panama
Laguna Gold (LGC-T) has signed an exploration agreement with Australia’s Broken Hill Proprietary (BHP-N) to explore three properties in Panama.The junior can earn a 70% interest in the properties by s…