Mixed bag for metals markets
The report period Feb. 7-11 was a mixed one for metals markets as nickel rallied to a 6-year high, gold hit a 4-month high and copper staged a technical rally. Also, zinc prices appear to be bottoming…
Articles by Northern Miner Staff
SPOT PRICES Wed. February 16, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$300.50-$5.50Silver$ 5.23-$0.13…
Carosue Dam gets nod
A positive bankable feasibility study on the Carosue Dam gold project in Australia paves the way for Teck’s (TEK-T) 79%-owned subsidiary, PacMin Mining, to begin development.Situated 110 km northeast …
Wheaton advances Bellavista mine
Toronto-based Wheaton River Minerals (WRM-T) has moved one step closer to commercial production at its wholly owned Bellavista gold project in Costa Rica.The company recently received what it describe…
Life at the Emerald camp
The Emerald mine camp, on the southwest slope of British Columbia’s Iron Mountain, was at an elevation of 3,600 ft. and at the mercy of the weather. However, during the Second World War, Cominco built…
GREATEST VALUE TRADED, Feb. 9-15
ExchgVal($000s)HighLowCloseChangeAlcoa*N 1009040 74.19 64.44 73.69 + 7.75…
GOLD FUNDS (February 21, 2000)
Gold Funds as of Feb 10, 2000Dynamic MutualCentral FundNet Value$14.48$5.90Price$9.25…
Dayton plans to diversify
In a bid to diversify beyond its Chilean gold mine, Dayton Mining (DAY-T) has agreed to buy Kinross Gold’s (K-T) 49% stake in the Denton-Rawhide gold-silver mine, 190 km southeast of Reno, Nev.Kenneco…
Silver demand still exceeds supply
Global silver production during 1999 is expected to have reached 552 million oz., a 3% increase over final figures reported a year earlier, according to the Silver Institute of Washington, D.C.Mexico …
Juniors struggle to find favour with investors
Junior companies are facing the struggle of their lives during this prolonged industry downturn, and the general view is that only the brightest and the best will survive. But even juniors with compet…
MM2000 Issues Forums to explore problems facing industry
The Millennium Kids will be performing, along with Bobby D and the Swing Cats. Monte Hummel of the World Wildlife Fund will be there, as will most of the mines ministers of the world. David Goldman of…
El Peon mine up and running
In the span of only 10 months and at the relatively low capital cost of US$77 million, Meridian Gold (MDG-N) has succeeded in developing its El Peon mine, 160 km southeast of this coastal city. The r…