Meetings (August 02, 1999)
Aug. 3, Golden SitkaAug. 3, Redbird GoldAug. 4, BarraAug. 4, AquestAug. 5, Flame Petro-MineralsAug. 5, Int’l DunlapAug. 5, IrianaAug. 6, Cons BeaconAug. 6, Oliver GoldAug. 6, TrincanaAug. 6, Northern …
News
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold continues its mid-summer slumber
During the July 21-27 report, gold took a baby step back from oblivion, gaining $1.10 to hit US$254 per oz. on the London morning fix of July 28.Each of Canada’s three biggest gold producers posted ga…
Glamis boosts underground reserves at Dee
Thanks to a US$3.4-million development program, Glamis Gold (GLG-N) has increased minable reserves at the Dee underground project in Nevada’s Carlin trend.Underground drilling into the first zone has …
Rio cuts costs, increases production
Second-quarter profits were down for Rio Algom (ROM-T), but the company continued to boost copper production and reduce mining costs.For the three months ended June 30, the Toronto-based major recorde…
St Andrew reactivates Hislop gold project
St Andrew Goldfields (SAS-T) is one step closer to rejoining the ranks of producers, following the start of test mining at its Hislop gold project in the Matheson area of northern Ontario.Hislop is on…
Snap Lake still sparkles
Test results from the second half of a 5,986-tonne kimberlite sample collected last winter from the NW dyke, owned by Winspear Resources (WSP-V) at Snap Lake in the Northwest Territories, have proven …
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Aber-Tiffany deal adds sparkle to dim market
Gold dropped to yet another 20-year low during the quiet report period ended July 20, losing $2.70 to hit US$252.90 per oz. on the London morning fix of July 21.Most of Canada’s major gold producers s…
Annual contest turns Greenlanders into rockhounds
The onset of summer in Greenland brings with it ujarassiorita, a state-sponsored competition in which residents are encouraged to send rocks to the government to be tested for minerals.Ujarassiorita, …
Companies (July 26, 1999)
Abcourt MinesAber ResourcesAsarcoBarrick GoldBlack Hawk MiningBroken Hill Pty.CambiorCamecoCampbell ResourcesCanabrava DiamondComincoCumberland ResourcesCyprus AmaxDe Beers Cons. MinesEldorado GoldEur…
METAL PRICES (July 26, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJuly 20July 19July 16July 15…
LME WHSE LEVELS (July 26, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 20/99 (change from July 13 in brackets):MetalStocks (tonnes)Change…
NEWS ROUNDUP — Abcourt completes study of deposits
Abcourt Mines (ABI-M) has wrapped up a prefeasibility study of the Abcourt-Barvue and Vendome base metal properties northeast of Val d’Or, Que.The study is based on a 2-phase plan consisting of open-p…