Ashanti posts record quarter
West Africa’s largest gold miner, Ashanti Goldfields (ASL-T), achieved record production in the first quarter, while, at the same time, reducing cash costs to below what they were a year ago.The 402,1…
News
SUPPLIERS NEWS ROUNDUP — US coal miners reap benefits
Miners in North Dakota are the best-paid in the U.S. coal industry, according to a study by a Spokane, Wash.-based engineering firm.Western Mine Engineering found that miners at the state’s four large…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Falling gold wipes out gains
The Dow Jones industrial average climbed 140.04 points, or 1.3%, to 11,026.15 during the report period ended May 11.Heavy trading marked the week as the bottom fell out of the gold price after the Bri…
Debt-free Aur persists with exploration — Production gains at Louvicourt, Andacollo
With $88 million in working capital and no debt, Aur Resources (AUR-T) is well-positioned to expand through mergers and property acquisitions, company president James Gill told shareholders at the com…
NAME CHANGE (May 17, 1999)
Athlone Resources (AT-V) has changed its name to Athlone Minerals (ATH-V) on a 1-new-for-1-old-share basis.
Anzex Resources mired in litigation problems
A rift in management has mired Anzex Resources (AZX-V) in litigation, hindering its efforts to advance the Longwoods platinum-palladium property on the South Island of New Zealand.In late November 199…
Restructuring leaves Inmet lean, profitable
The comprehensive restructuring of Inmet Mining (IMN-T) is now complete, management told shareholders at the annual meeting in Toronto.The once-diversified producer has narrowed its focus to copper an…
EDITORIAL & OPINION — EPA targets essential nutrient — Rethinking zinc
Two missives in less than a month might appear excessive, but the United States government’s Environmental Protection Agency (EPA) just won’t stop displaying its scientific ignorance and incompetence….
PEOPLE — Sunstate
Donald Berkey and Michael Laidlaw appointed directors.
TSE INDICES (May 17, 1999)
1999May 11May 10May 7May 6May 5HighLowComposite “…
PEOPLE — Cdn. Golden Dragon
Elliot Strashin appointed director.
SUPPLIERS NEWS ROUNDUP — Toronto firm to supply lime to Chile
South American Copper & Gold (SACG) will partner with a private local firm to build a US$6-million lime kiln processing plant in Chile.The project will launch Toronto-based SAGC into the lime supply b…