Aber reports delay, higher mine costs
A final feasibility study indicates that the development of Canada’s second diamond mine will cost $405 million more than expected and require an additional year to complete.In anticipation of a decis…
News
Exchange Rates (August 30, 1999)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 24Aug. 23Aug. 20Aug. 19Aug. 18…
Grades still consistent at Red Lake
Delineation drilling at the Red Lake mine in northwestern Ontario continues to confirm the grades and widths measured in earlier drilling.Goldcorp (G-T) has been delineating mineralization below the m…
Low gold prices take toll on Glamis
Low gold prices caused Glamis Gold (GLG-N) to rack up a US$2.7-million loss in the recent second quarter (or 3 cents per share), compared with a loss of US$131,000 (nil per share) in the corresponding…
Viceroy buys gold mine Down Under
Viceroy Resource (VOY-T) is acquiring the Bounty gold mine and related tenements in Australia from Forrestania Gold, a wholly owned subsidiary of Toronto-based LionOre Mining International (LIM-T).The…
Pelangio, Franco size up Detour Lake
Junior Pelangio-Larder Mines (PLLM-C) and joint-venture partner Franco-Nevada Mining (FN-T) have released a 1.8-million-oz. resource estimate for their Detour Lake gold project, north of Timmins, Ont….
COMMENTARY – The cause of gold’s demise
Prominent Wall Street firms, influential news columnists and central bankers have been slamming gold as dead, a relic of the past, a stupid investment, and worse. In recent weeks, long-standing expect…
EDITORIAL — The nickel gauntlet — Oz dust
To hear the Aussies talk, the Northern Hemisphere is yesterday’s news in the nickel business. It’s all happening Down Under, where laterite producers are pushing hard to leave their northern competito…
Convention seeks ministers
Mining Millennium 2000, to be held March 5-10 in Toronto, will feature a forum in which foreign mining ministers and senior government officials meet to discuss globalization of the mining industry.Th…
GOLD FUNDS (August 23, 1999)
Gold Funds as of August 12, 1999BGRCentralNet Value$13.605.61Price$9.05$5…
PRODUCER & DEALER PRICES (August 23, 1999)
Antimony: Mid-mkt US$1,210/t.Bismuth: Mid-mkt US$3.60/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Recent trades US$60.00-90.00/t.Cobalt: Recent trades US$18.00-20.20/lb.Copper: Comex Sept. US$0.7705/lb.I…
METAL PRICES (August 23, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateAug. 17Aug. 16Aug. 13Aug. 12…