PEOPLE — Orion (May 03, 1999)
Peter Workum appointed president and director; Theo Henning, Robert McPherson and Douglas Street appointed directors.
News
PEOPLE — Cabo (May 03, 1999)
Paul Dumas and Leroy Wolbaum appointed directors.
HMINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — AG settles following Homestake deal
The Vancouver Stock Exchange composite index edged up 1.03 points, or 0.02%, to finish the week ended April 27 at 436.51. The mining index lost 1.95 points, or 0.6%, and ended at 310.56.Meanwhile, the…
Lihir mine underperforms in first quarter
Vengold (VEN-T) says first-quarter gold production at its Lihir mine in Papua New Guinea proved lower than expected. The cause is attributed to unplanned downtime.The company holds an 18.5% interest i…
CIM cruise set
The Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum will host its annual cruise on the evening of June 23, 1999.The cruise through Toronto Harbour aboard The Northern Spir…
LME WHSE LEVELS (May 03, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 27/99 (change from April 20 in brackets):MetalStocks(tonnes)Change…
METAL PRICES (May 03, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateApril 27April 26April 23Apri…
Euro bows out of Golden Cycle deal — IRR too low to justify purchase price
Euro-Nevada Mining (EN-T) has decided against acquiring a 54% stake in Golden Cycle Gold (GCC-P), which owns a 33% interest in the Cresson gold mine near Colorado Springs, Colo.After a thorough due di…
EDITORIAL & OPINION — Crown Jewel owners vow to fight back — Blind as a Babbitt
With an election imminent in the United States, miners and other resource developers south of the 49th Parallel are hoping the winds of change will be strong enough to blow their long-time nemesis, In…
GREATEST VALUE TRADED, April 21-27
ExchgVal($000s)HighLowCloseChangePlacer DomeT2481…
Meetings (May 03, 1999)
May 3, First PointMay 3, Quest Int’lMay 4, BarrickMay 4, McWattersMay 4, MillstreamMay 4, NorcalMay 5, Beau CanadaMay 5, EcstallMay 5, Golden QueenMay 5, Lebon GoldMay 6, CaesarsMay 7, CambiexMay 7, C…
HMINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Markets react to TVX-Normandy deal
The biggest story of the April 21-27 report period was the new partnership between Australia’s largest gold producer, Normandy Mining, and chronic underperformer TVX Gold.In a complex deal, Normandy i…