Ashanti posts strong second quarter
Low operating costs triumphed over weak gold prices for Ashanti Goldfields (ASL-N), propelling the company to a profitable second quarter.The Ghana-based producer earned US$16.4 million (or 15 cents p…
News
Rubicon tables results from Palmer drilling
Rubicon Minerals (RMX-V) has released more encouraging drill results from the newly discovered RW sulphide zone on the Palmer property, near Haines, Alaska.Hole 11 returned an average grade of 4.9% zi…
Rio Narcea drills record hole
Drilling by Rio Narcea Gold Mines (RNG-T) at its El Valle mine in northern Spain has uncovered what appears to be a shallow, high-grade zone of mineralization. The 10-hole program is testing a previou…
LETTERS TO THE EDITOR — BC amendment fails prospector
Last year, British Columbia’s Ministry of Energy and Mines, under Dan Miller, enacted two pieces of legislation purported to encourage mining activity in the province and facilitate the process for ob…
PEOPLE — Battle Mountain (September 06, 1999)
Karl Elers appointed CEO; John Keyes appointed president and COO.
PEOPLE — Altoro
Steve Swatton appointed director.
PEOPLE — Aber
Wanda Costuros appointed CFO.
Hollinger history
Your story on Great Basin Gold’s Ivanhoe area play in the Investment Commentary of Aug. 30 overlooked two interesting historical points about the Hollinger mine.The operators put sulphide ore on the l…
GOLD FUNDS (September 06, 1999)
Gold Funds as of August 26, 1999BGRCentralNet Value$13.255.42Price$8.95$5…
Meetings (September 06, 1999)
Sept 7 Gossan Sept 8 Blackpool Sept 8 Cons. Interstat Sept 8 Stratabound Sept 8 Tikal Sept 9 Gold Summit Sept 9 Trans Hex Sept 10 Ascot Sept 10 Golden Band Sept 13 Grace , specialSept 13 Int’l Taurus …
LME WHSE LEVELS (September 06, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug. 31/99 (change from Aug. 24 in brackets):MetalStock (tonnes)Change…
METAL PRICES (September 06, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateAug. 31Aug. 30Aug. 27Aug. 26…