Placer Dome appoints new president
Jay Taylor will take the reigns as president and chief executive officer of Placer Dome (PDG-T) when John Willson steps down at the company’s next annual meeting.There has been speculation that recent…
News
HBM&S speeds up 777 schedule
A $360-million program of capital expenditures will see Hudson Bay Mining & Smelting bring its new 777 Deposit, at Flin Flon, Man., into production by 2004, and maintain mine production at Snow Lake.H…
Gabriel upgrades Rosia Montana property
Denver-based Gabriel Resources (GBU-V) says its 65%-held Rosia Montana gold-silver property in northwestern Romania contains the equivalent of 7 million oz. gold and 37 million oz. silver.The revised …
DIAMONDS — Panel asks for statement
Following a review of the mining plan, a public hearing in Brazil concluded that the Rio do Sono alluvial diamond project in Minas Gerais, Brazil, requires a full environmental impact statement.Partne…
Eastmain considers reopening Stratabound’s CNE
A deal between property holder Stratabound Minerals (AB-A) and Eastmain Resources (ER-T) could see mining resume at a small massive sulphide deposit in the Bathurst, N.B., mining camp.The agreement gi…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — TSE rises as gold producers suffer second auction
The Toronto Stock Exchange 300 index rose 79.59 points during the report period Sept. 8-14, ending at 7,138.09.Resource stocks were mixed, with base metal miners gaining ground and gold producers losi…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow edges down, metals steady
The Dow Jones industrial average slipped 123.8 points to 10,910.33 during the report period ended Sept. 14. Metal prices held steady.Gold hovered at US$256.70 per oz. on the Comex division of the New …
Hyperion begins induced polarization survey in Cuba
Armed with the proceeds of a private placement, Hyperion Resources (IIYP-V) has begun a geophysical survey at its Holguin property in Cuba.The company is following up the discovery of the Monte Rojo m…
TSE SHORTS (September 20, 1999)
Short positions outstanding at August 31, 1999Larger individual positions include:Abitibi-Consolidated 1,903,230; Alcan Aluminium 1,087,789, up 605,744; Anderson Exploration 67,772, down 213,084; Arma…
METAL PRICES (September 20, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateSept. 14Sept. 13Sept. 10Sept…
Exall ends Stock contract
Junior Exall Resources (EXL-T) has cancelled its custom-milling contract with St Andrew Goldfields (SAS-T) in favour of the Macassa mill of Kinross Gold (K-T).Exall operates and owns a major…
Time running out for EXP
Unable to raise sufficient funds or negotiate an extension on its option, EXP Resources (EXP-A) is on the verge of losing the Tin-Awati gold concession in Niger, West Africa.To gain a 60% interest in …