Coeur trims exploration costs
Although the price of silver is north of US$5 per oz., Coeur d’Alene Mines (CDE-N) has decided to cut exploration and administrative expenses to the tune of US$6.5 million per year.The Idaho-based com…
News
Manhattan enhances Tambo Grande (July 12, 1999)
Drilling on the previously untested TG-3 geophysical gravity anomaly at the Tambo Grande project in northern Peru has intersected massive sulphides.Manhattan Minerals (MAN-T) reports that the first dr…
Boliden restarts milling at Los Frailes mine
Two months after mining resumed, Boliden (BOL-T) has restarted milling operations at its Los Frailes open-pit zinc mine near Seville, Spain.The company says its plant has achieved a steady state of op…
Viceroy continues to advance Gualcamayo
Viceroy Resource (VOY-T) is nearing completion of its exploration program at the Gualcamayo gold project in the Argentine province of San Juan.The company can earn a 60% interest in the project from M…
EDITORIAL & OPINION — COMMENTARY — Understanding TRI
Beginning July 1, the metal mining industry in the United States was required to file reports according to the federal Toxics Release Inventory (TRI) program. The biggest challenge for the industry, h…
North American Palladium extends Roby zone
Drilling by North American Palladium (PDL-T) has extended mineralization at the Lac des les platinum group elements (PGE) mine, situated 85 km north of Thunder Bay, Ont.Potentially economic grades ar…
Blasting course set for Nevada
A 2-day course on blasting will be held from Sept. 30 to Oct. 1 at the Hilton Hotel in Reno, Nev.Entitled “Blast Design and Assessment for Surface and Underground Mines,” the course emphasizes blast d…
GOLD FUNDS (July 12, 1999)
Gold Funds as of June 30, 1999BGRCentralNet Value$13.205.49Price$9.00$5.2…
SPOT PRICES, Tues. July 6, 1999
Precious MetalsPrice (US$/oz.)ChangeGold$256.20-$4.60Silver$ 5.18+$0.03…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Winspear adds fuel to hot diamond market
The Vancouver Stock Exchange composite index rose 7.99 points, or 1.8%, during the report period ended July 6, to close at 440.26. The mining index was up 6.21 points, or 2.1%, at 296.94. The combined…
Production steady throughout March
Canadian production of primary copper, gold, silver, lead and refined zinc was up between March 1998 and March 1999.However, output of refined copper, nickel and primary zinc was down slightly over th…
LME WHSE LEVELS (July 12, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 6/99 (change from June 29 in brackets):MetalStocks (tonnes)Change…