GOLD FUNDS (July 26, 1999)
Gold Funds as of July 21, 1999BGRCentralNet Value$12.805.35Price$9.00$5.1…
News
Teck takes over Minco’s White Silver Mtn.
The exercise by Teck (TEK-T) of 125,000 warrants of Minco Mining and Metals (MMM-T) will enable it to become operator of the White Silver Mountain base metal project in Gansu province, China.Minco is …
EDITORIAL & OPINION — NEW HORIZONS — Platinum keeps prototypes rolling
Zero-emmission power generation has long been the Holy Grail for environmentalists, industrialists and legislators. Increasingly tough pollution standards are the product of enormous pressure for chan…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Summer doldrums dog western markets
The Vancouver Stock Exchange composite index lost 5.87 points, or 1.37%, closing the week ended July 20 at 423.74. The mining index lost 8.55 points to close at 279.43.The combined value of the Albert…
William Resources warms up printing press
On July 30, debenture-holders of William Resources (WIM-T) will vote on whether or not to convert their notes into 245 million shares and thus assume 70% of the company’s resulting equity.The proposal…
Newmont boosts output
Newmont Mining (NEM-N) has upped its production forecast at South America’s largest gold mine.The Denver-based company now estimates that the Yanacocha mine in northern Peru will produce 1.6 million o…
Kennecott eyes Alaskan properties
Kennecott Canada Exploration has signed separate deals with NovaGold Resources (NRI-T) to earn majority interests in the Caribouand Anvil Creek gold projects in Alaska’s Fairbanks and Nome districts, …
Pan American secures Dukat financing — Silver mine in far eastern Russia poised to re-enter production
Pan American Silver (PAA-T) has arranged a financing package to restart the Dukat silver mine in the Magadan region of far eastern Russia, and taken steps to increase its interest to 90%.A syndicate o…
EDITORIAL & OPINION — Gold’s survival not in doubt — Living on the hedge
Numbers don’t lie, they say, unless politicians perform some sort of black magic on them first. That being the case, the numbers underpinning the gold mining industry tell a grim story that may get a …
PEOPLE — Polymet (July 19, 1999)
Leslie Landefeld appointed director of investor relations.
Falco closes Kidd smelter — 750 workers walk off the job
Falconbridge has shutdown its Kidd Creek smelter and refinery in Timmins, Ont., following a breakdown in union negotiations that prompted the plant’s 750 workers to walk off the job.Workers at the bas…
Romarco hits high-grade at Red Rock
Drilling by Romarco Minerals (R-T) continues to intersect high-grade gold mineralization at the Red Rock property in western Nevada.Thirteen angle holes drilled into the discovery area extended known …