LETTER TO THE EDITOR — Junk dealers
You referred to the US$427-million issue of Anaconda Nickel in 1997 as being the first junk bond issue in U.S. capital markets for a large-scale mining project (“Anglo American buys into Aussie nickel…
News
Geomaque posts mixed quarter
Despite higher gold output, Geomaque Explorations (GEO-T) chalked up a second-quarter loss.During the 3-month period ended June 30, the junior lost $596,000 (or 1 cents per share) on revenue of $5.44 …
Russian diamond miners head deep underground
Technology supplied by South Africa’s De Beers Consolidated Mines has enabled Russia to open its first underground diamond mine, in the Siberian region of Sakha.The technology will allow miners to pen…
Pentland tests Montclerg
An 8-hole drilling program on the Pipestone Lake fault, northeast of Timmins, has returned results that operator Pentland Firth Ventures (PFO-T) describes as “encouraging.”The drill program, mounted o…
PRODUCER & DEALER PRICES (September 13, 1999)
Antimony: Mid-mkt US$1,210/t.Bismuth: Mid-mkt US$4.05/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65/t.Cobalt: Recent trades US$18.60-20.50/lb.Copper: Comex Dec. US$0.8265/lb.Indium: Indi…
LME WHSE LEVELS (September 13, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 7/99 (change from Aug. 31 in brackets):MetalStocks(tonnes)Change…
GOLD FUNDS (September 13, 1999)
Gold Funds as of September 2, 1999BGRCentralNet Value$13.175.44Price$9.00…
PEOPLE — Battle Mountain (September 13, 1999)
Ian Atkinson appointed vp operations and exploration.
Careers (September 13, 1999)
CambiorExploring New Horizons…Cambior is an international diversified gold metal producer with operations and projects throughout the Americas. Despite weak gold and metal markets, Cambior’s growth …
Index (September 13, 1999)
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Downhill for Hillsborough
Past losses have caught up to Hillsborough Resources (HLB-T) and its 63%-owned Quinsam Coal division, both of which recently filed for bankruptcy protection.Hillsborough lost $700,000 (4 cents per sha…
MINING MARKETS & INVESTMENT NEWS — Nelson hit with quarterly loss
Low gold prices are taking their toll on Nelson Gold (NLG-T), a London-based company that produces the yellow metal through a 44% stake in the Jilau mine in Tajikistan.In the 3-month period ended June…