Imperial posts second-quarter loss
The combination of low metal prices and high costs at the Huckleberry copper-molybdenum mine caused Imperial Metals (IPM-T) to incur a loss in the second quarter.The company lost $2 million (or 3 cent…
News
Ecuadorian cuts more high-grade — 21-hole drill program tests Alejandra and Dorada zones at the Beroen property
Junior Ecuadorian Minerals (EMC-T) has intersected more high-grade gold-silver values at the Beroen property in Ecuador.The company recently completed 21 angled core holes, totalling 2,029 metres, on …
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — The major-junior dynamic
At a time when the mining industry is suffering a downturn, some Canadian majors are finding that their relationship toward juniors is remaining largely unchanged, whereas others are entering into new…
LETTER TO THE EDITOR — National geoscientists group already exists
I am writing in response to a letter by Buz Trevor (“Time for a national geoscience association,” T.N.M., Aug. 23-29/99). While the Canadian Council of Professional Geoscientists (CCPG) has no philoso…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — DiamondWorks exec beefs up holdings
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:DiamondWorks (DMW-T) — Delu Holender, director, indirectly sold 58,500 shar…
Coeur completes acquisition of Silver Valley
Coeur d’Alene Mines (CDE-N) has completed its acquisition of Silver Valley Resources and other assets from Asarco (AR-N) in a deal valued at US$33.4 million.The Idaho-based company granted Asarco 7.1 …
MINING MARKETS & INVESTMENT NEWS — Investment Commentary — Rio Tinto shareholders told it’s time to take profits
European investment houses T. Hoare Canaccord and Paribas have both rated shares of Rio Tinto (RTP-N) a “sell,” following the company’s release of mid-year production and earnings figures.London-based…
Apex tables feasibility for San Cristobal
The San Cristobal property in southwestern Bolivia will be one of the world’s largest and lowest-cost producers of silver and zinc, according to a recent feasibility study.The results of the study, co…
Partners improve Cerro San Pedro
An updated feasibility study at the Cerro San Pedro gold-silver deposit in Mexico has bumped up reserves for partners Cambior (CBJ-X) and Metallica Resources (MR-T).The study indicates that the deposi…
GREATEST VALUE TRADED, Sept. 8-14
ExchgVal($000s)HighLowCloseChangeInco LtdT449282…
Meetings (September 20, 1999)
Sept 20 Bowridge Sept 20 Cromwell Sept 20 GR Pacific Sept 20 Lorica Sept 20 Stellar Sept 20 Tres-Or Sept 20 War Eagle Sept 21 BCY Ventures Sept 21 Dumont Nickel Sept 21 El Misti Sept 21 Tri-Link Sept …
LME WHSE LEVELS (September 20, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 14/99 (change from Sept. 7 in brackets):MetalStock(tonnes)Change…