Gold hangs tough
The Dow Jones industrial average fell 239.51 points, or 2.2%, during the report period ended Feb. 15 to close at 10,718.09.Spot gold climbed slightly to US$301.70 per oz. on the Comex division of the …
Articles by Northern Miner Staff
Manhattan outlines new gold zones
Drilling by Manhattan Minerals (MAN-T) at its 75%-optioned Tambo Grande polymetallic property in northwestern Peru continues to outline gold zones near the main depositThe Southwest zone, outlined dur…
PRODUCER AND DEALER PRICES (February 21, 2000)
Antimony: Mid-mkt US$1,170/t.Bismuth: Mid-mkt US$3.85/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.80-15.10/lb.Copper: Comex Mar. US$0.827/lb.Indium: In…
EXCHANGE RATES (February 21, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 15Feb. 14Feb. 11Feb. 10Feb. 9…
Underground sampling begins at Snap Lake
In hopes of starting production as early as 2002, Winspear Resources (WSP-V) has launched an exploration program that will form the backbone of a feasibility study for the Snap Lake diamond project, 2…
METAL PRICES (February 21, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateFeb. 15Feb. 14Feb. 11Feb. 10…
Summo awaits feasibility
Solvent extraction techniques are proving increasingly attractive to conventional copper mining companies as they struggle against historically low prices.One such company, Denver-based Summo Minerals…
MOST ACTIVE ISSUES, Feb. 9-15
ExchgVol(000s)HighLowCloseChangeWilliam ResT 209860 0.31 0.11 0.19 + 0.08…
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…
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…
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 …
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…