Lac des sles posts loss
The Lac des les palladium-platinum mine near Thunder Bay, Ont., continues to keep operator North American Palladium (PDL-T) awash in red ink.The company posted a net loss of $3.8 million (42 cents pe…
News
Production steady for High River
Revenue for High River Gold Mines (HRG-T) dropped about 50% between the second quarters of 1998 and 1999, as lower cash costs at its mines failed to offset the effect of expired hedging contracts.Howe…
Final holes at Duck Pond confirm resource
The last six holes drilled on the Duck Pond polymetallic property in central Newfoundland have confirmed the results of earlier drilling, while offering hope that the resource may be larger than earli…
Mixed results for partners
Despite decreased production at the Sleeping Giant and Beaufor gold mines in Quebec and lower realized gold prices, Aurizon Mines (ARZ-T) stayed in the black during the second quarter.The company earn…
PRODUCER & DEALER PRICES (September 06, 1999)
Antimony: Mid-mkt US$1,215/t.Bismuth: Mid-mkt US$3.90/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65/t.Cobalt: Recent trades US$18.60-20.00/lb.Copper: Comex Sept. US$0.777/lb.Indium: Indi…
Fancamp makes discovery
An early-stage gold discovery has Fancamp Resources (FNM-V) hopeful of the potential of its newly acquired Kourouba concession in the Kalana region of southwestern Mali, 90 km south of the capital cit…
Ambrex, Anglo American team in Brazil
Ambrex Mining (AMBX-C) has signed a letter-of-intent regarding its Aripuana base metal property in southwestern Brazil with Anglo American Brasil, a subsidiary of U.K.-based Anglo American (ANGLY-Q).T…
OBITUARIES (September 06, 1999)
Mervyn Arthur UphamMervyn Upham, who earned a place in the Canadian Mining Hall of Fame for his part in developing 22 mines in this country, has died following a lengthy illness. He was 82.Born in Bay…
MINING MARKETS & INVESTMENT NEWS — QUERY — Int’l Uranium out of the game
My friend from China called me a couple of days ago and told me that he found a certificate, belonging to his grandfather, for shares in International Uranium Mining Company, Limited. His grandfather …
SPOT PRICES Wednesday September 1, 1999
Precious MetalsPrice (US$/oz.)ChangeGold$255.45+$2.25Silver$ 5.20+$0.09…
EuroZinc discovers new zone at Feitais
EuroZinc Mining (EZM-V) has intersected a shallow, high-grade zinc zone in the Feitais massive sulphide deposit at the formerly producing Aljustrel property in southern Portugal.The first two holes of…
Newmont launches bio-leach project
In a move aimed at upgrading its processing capabilities at a time of prolonged low gold prices, Newmont Mining (NEM-N) has started an US$8-million bio-leaching and milling project at its Carlin opera…