Companies (November 01, 1999)
Achieva DevelopmentAlmaden ResourcesAnooraq ResourcesAsarcoAshanti GoldfieldsAtna ResourcesBarrick GoldBlackstone ResourcesBlue Desert MiningBreakwater ResourcesCambiorCamflo ResourcesCamnor Resources…
News
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Majors sag as gold sinks below US$300 per oz.
The party came to an abrupt end during the Oct. 20-26 report period as gold nosedived US$19.35 to hit US$290.40 per oz. on the London morning fix of Oct. 27.During the last week of October, most of th…
ALASKA & THE YUKON — Greens Creek cranks out silver for Kennecott, Hecla
With improving production costs and the discovery of new mineralized zones, the revived Greens Creek mine in Alaska is securing its position as one of the largest silver mines in the U.S.Situated on A…
Cows, pigs and beavers — Government follies
“Pssst, mister miner, wanna buy some bovine belching credits?”Some what?”Methane emissions from cows. Haven’t you heard? They contribute to global warming. I’ve got some farmers willing to stop raisin…
ALASKA & THE YUKON — Copper Ridge hot on Scheelite Dome — Drilling aimed at proving up gold target in Yukon
Increasingly, Copper Ridge Explorations (KRX-V) is of the opinion that its Scheelite Dome property represents one of the better mineralized plutonic-related gold targets in north-central Yukon. The co…
ALASKA & THE YUKON — Cominco hot on Red Dog target — Latest results warrant follow-up drilling in 2000
Based on drill results from a new target 6 miles north of its Red Dog zinc-lead mine in northern Alaska, Cominco (CLT-T) has decided to proceed with an extensive follow-up program next summer.Highligh…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Miners tarnish as gold falls
The Dow Jones industrial average slipped 97.2 points, or 0.01%, during the report period ended Oct. 26 to close at 10,302.13.Mining issues tumbled as gold continued its fall to US$288.90 on the Comex …
Anooraq gains Bushveld platinum project
Junior Anooraq Resources (ARQ-V), part of the Dickinson-Hunter group, has acquired the rights to a 74-sq.-km land package prospective for platinum group metals. The properties are on the northeastern …
METAL PRICES (November 01, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 26Oct. 25Oct. 22Oct. 21…
PEOPLE — Golden Peaks
Kieran Downes appointed president and CEO.
Inmet posts profits
Inmet Mining (IMN-T) is on track for a profitable year following a third quarter that saw the copper and gold producer earn $8.4 million on revenue of $32.1 million (or 22 cents per share).After $3.4 …
WMC advances Meliadine West project
Infill drilling by Australian-based Western Mining Corp. (WMC-N) has confirmed resources previously inferred at the Meliadine West property near Rankin Inlet, Nunavut.The infill program, consisting of…