1999

Future of BC mining uncertain

This past year has been both difficult and disappointing for British Columbia’s mining industry. Two mines closed and no new ones were opened. Mineral exploration plummeted dramatically and is now exp…


CORRECTIONS (December 27, 1999)

In our issue of Dec. 20-26, 1999, we reported that Vengold (VEN-T) holds 5% of Lihir Gold (LIHRY-Q) and Nuigini Mining, worth US$40 million, as well as cash and securities valued at US$50 million.Veng…


Nord Pacific takes over Tritton

The Australian copper deposit known as Tritton, current- ly owned equally by Nord Pacific (NPF-T) and ASX-listed Straits Resources, will soon be owned entirely by the former. Nord has agreed to buy St…


Manhattan outlines sulphides at Tambo Grande

At its 75%-optioned Tambo Grande polymetallic project in northwestern Peru, Manhattan Minerals (MAN-T) has unveiled a resource model for the TG-3 deposit that pushes the overall sulphide resource to b…



MNDM confident of Treasure Hunt benefits

In a letter printed in your issue of Nov. 22-28, 1999, Jerry Roth of Stratagex raised some concerns about the Ontario government’s Operation Treasure Hunt initiative.To clarify, for the benefit of Mr….


‘Tis the season for tax loss selling

John Kilburn, retail analyst with Goepel McDermid, is looking for bargains in the junior resource sector this holiday season. Tax loss selling at this time of year typically creates a seasonal weaknes…



Stillwater improves production forecast

Emerging from a period of development glitches at its namesake operation in south-central Montana, platinum producer Stillwater Mining (SWC-X) is confident it has turned the corner and anticipates str…


Rally surprises market

Metals prices climbed sharply higher in the week ended Dec. 17 as fund buying took the market by surprise, confounding widespread expectations that prices had settled into a phase of sedate range trad…


Fipke’s Cantex among gainers on western markets

The Canadian Venture Exchange closed up 14.63 points, or 0.7%, at 2,168.71 during the report period ended Dec. 21, 1999.MacDonald Mines Exploration traded almost 2.5 million shares during the week, cl…


Indonesia outstrips competition

A survey has found that Indonesian mines achieve higher rates of return than operations elsewhere in the world.The PricewaterhouseCoopers study shows that during the period 1994-1998, companies includ…