News

Record gold production, higher costs for Normandy

Improved performances at eight gold mines propelled Australian major Normandy Mining (NDY-T) to new production records for its recently completed fiscal year.For the year ended June 30, Normandy produ…


Mindoro to drill Agata

Mindoro Resources (MIO-A) has planned a 20-hole, 2,000-metre drilling campaign at the Agata gold project in the Philippines following the discovery of high-grade gold anomaliesDrilling of the Assmicor…


Inuit vote to settle land claims

Members of the Labrador Inuit Association (LIA) have approved a preliminary agreement for what is expected to be first land claim settlement in Newfoundland’s history.The yes vote endorses efforts of …



CORRECTION (August 02, 1999)

The web site for “GeoCanada 2000: The Millennium Geoscience Summit” is http://www.geocanada2000.com. Incorrect information appeared in our issue of June 21-27.For more information on the meeting, to b…


Falco boosts production

On a tide of higher production levels, second-quarter earnings have pushed Falconbridge (FL-T) back into the black.The company showed a profit of $30.9 million ($28 million, or 16 cents per share, aft…


US seeks alternatives to IMF gold sales

In response to congressional opposition, the U.S. government is seeking alternatives to a plan by the International Montetary Fund (IMF) to sell gold to finance debt relief.Under the IMF proposal, up …


Production down, earnings up for Stillwater

Production difficulties related to an expansion program at its namesake mine in Montana has forced Stillwater Mining (SWC-X) to record a loss for the second quarter of the year.The company intended to…


LME WHSE LEVELS (August 02, 1999)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 20/99 (change from July 13 in brackets):MetalStocks(tonnes)Change…



Companies (August 02, 1999)

Alberta EnergyApex Silver MinesAshton Mining of CanadaBarrick GoldBolidenCamphor VenturesComincoDe Beers Cons. MinesEldoradoExall ResourcesExcellon ResourcesFalconbridgeGlamis GoldGlimmer ResourcesInc…


Shutdowns cost Boliden

Mining companies usually make more money when they are mining, a truth not lost on Boliden (BOL-T). Production shutdowns at the Los Frailes and Myra Falls mines have left the company with a US$31.9-mi…


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