LME WHSE LEVELS (February 28, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 22/99 (change from Feb. 15 in brackets):Aluminium860825(+16600)…
Articles by Northern Miner Staff
Writedowns erase Rio’s otherwise profitable year
A healthy combination of stronger copper prices, higher production and lower cash costs allowed Rio Algom (RIO-T) to end an otherwise mixed year on a high note.In 1999, Rio chalked up $184 million in …
Rubicon drilling in Newfoundland
A 2,000-metre, 8-hole drill program on the Point Leamington massive sulphide project in north-central Newfoundland is following up on a base metal target recently discovered by Rubicon Minerals (RMX-V…
Gold demand hits new high
Gold demand in 1999 rose more than one-fifth to a record level, buoyed by strong demand in India, Pakistan and the U.S., according to a year-end report by New York-based World Gold Council (WGC).In th…
The Emerald mine remembered
With its open location atop Iron Mountain, the Emerald mine, near Salmo, B.C., was subject to the area’s severe weather and frequent storms.A tramline connected the mine on the mountain with the mill …
Metal Prices (February 28, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateFeb. 22Feb. 21Feb. 18Feb. 17…
MM2000 opening day to be a family affair
The organizers of Mining Millennium 2000 are inviting delegates to bring their families and friends to take part in the special events planned for “Opening Sunday,” March 5, on the floor of the Toront…
TSE Short Positions (February 28, 2000)
Larger individual positions include:Abitibi-Consolidated 2,817,508 up 1,052,995; Agnico-Eagle 1,961,000 up 1,951,000; Alcan Aluminum 1,636,783 up 530,170; Anderson Exploration…
Winspear, Gammon Lake graduate to senior board
North Atlantic Nickel (NANC-C) recently began trading on the Canadian Dealing Network — soon to be part of the Canadian Venture Exchange — while Winspear Resources (WSP-T) and Gammon Lake Resources…
Francisco gains ground in Guatemala
Junior Francisco Gold (FGX-V) has acquired more than 5,000 sq. km of exploration concessions, including the prospective Marlin gold-silver property, in Guatemala.Situated 30 km west of Huehuetenango, …
Profit-takers derail TSE after record highs
Profit-taking took hold of the Toronto stock market during the Feb. 16-22 report period, with the TSE 300 composite index falling sharply after reaching an all-time high of 9,463.54 on Feb. 17. The co…
Partners test nickel laterite in Guatemala
First discovered by a subsidiary of Inco in the early 1970s, the Buena Vista nickel project in Guatemala has been revived by Chesbar Resources (CBI-T) and Intrepid Minerals (IAU-V). The partners are e…