News


LME WHSE LEVELS (November 16, 1998)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov. 10/98 (change from Nov. 3 in brackets):MetalStocks (tonnes)Change…


Richmont boasts record production

Thanks to record gold production and reduced cash costs, Richmont Mines (RIC-T) has enjoyed yet another strong quarter.For the three months ended Sept. 30, 1998, gold production reached a record high …





Monywa copper project reaches production stage

Indochina Goldfields (ING-T) has begun producing copper cathode at the Monywa heap-leach copper project in west-central Myanmar.Construction of the first-phase project is essentially complete, with co…


Echo Bay Mines posts quarterly loss

Echo Bay Mines (ECO-T) suffered a loss in the third quarter even as it tried to distance itself from last year’s massive writedowns which totalled US$300 million.The company recorded a loss of US$6 mi…



Canadian miners lend hand in hurricane clean-up

Mining companies operating in Honduras and Nicaragua escaped Hurricane Mitch with little damage and are now helping victims in those devastated countries cope with the aftermath.In Nicaragua, the stor…


Merks a betting man

The interim report of the TSE-OSC mining standards task force refers to the additive property of variances, but the president of the CIM geological society, Marcel Vallee, objects to applied statistic…


Low prices push Breakwater into red

Base metal companies are not having an easy time staying in the black in these days of low metal prices, and Breakwater Resources (BWR-T) is no exception.The company posted a net loss of $10.9 million…


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