SPOT PRICES (February 15, 1999)
Precious MetalsPrice (US/oz)ChangeGold$287.10-$0.45Silver$ 5.53-$0.01…
News
LME WHSE LEVELS (February 15, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb. 9/99 (change from Feb. 2 in brackets):MetalStocks(tonnes)Change…
Strong quarter buoys Cominco
Despite strong fourth-quarter operating results, Cominco Ltd. (CLT-T) ended 1998 in the red. The chief obstacles to profitability were low metal prices and the operating performance of the Kivcet lead…
PRODUCER & DEALER PRICES (February 15, 1999)
Antimony: Representative mid-market US$1,390 per tonne (Feb. 9/99).Bismuth: Representative mid-market US$3.05 per lb. (Feb. 9/99).Cadmium: Representative mid-market US$0.23 per lb. (Feb. 9/99).Chromiu…
Diavik partners alter proposed plan
Ongoing feasibility and optimization studies at the Diavik diamond project in the Northwest Territories have led to a change in the proposed mining sequence of the kimberlite pipes.Situated 300 km nor…
Plug pulled on Pinson
Homestake Mining (HM-N) has closed the Pinson gold mine, near Winnemucca, Nev., after it failed to reach production targets.Pinson is a 50-50 joint venture with Barrick Gold (ABX-T). The mine was expe…
PGEs found near Sudbury
Pacific Northwest Capital (PFN-A) continues to receive encouraging grades from its grassroots platinum and palladium project near Sudbury, Ont.Channel samples from sulphide-bearing gabbro returned 23….
EDITORIAL & OPINION — ODDS ‘N’ SODS — A good deal gone bad
During the mid-1950s, I did a lot of mining exploration work in a farming area a few miles west of Senneterre, in northwestern QuebecHowever, our story starts years earlier, when a geology professor a…
Diamonds steal the show at Cordilleran Roundup
The pervasive mood at this year’s annual Cordilleran Roundup was cautious optimism, perhaps because many delegates felt that there was nowhere to go but up. However, if attendance is any indication of…
SME meeting set for Colorado
The minerals-processing division of the Society for Mining, Metallurgy & Exploration will hold its annual meeting May 21-22 at the Broadmoor Springs Hotel in Colorado Springs, Colo.Entitled “Operating…
Staking rush heats up
Dozens of staking crews are busy blazing claim lines through the spruce stands of the Lac Evans area, east of the James Bay highway in northwestern Quebec, on the heels of the recent nickel discovery …
CORRECTION (February 08, 1999)
A report in our Jan. 25-31 issue incorrectly placed the Rosia Montana property in Bulgaria. The gold-silver project is in Romania.