Writedown cuts into earnings at Cameco
Uranium and gold producer Cameco (CCO-T) salvaged a quarterly profit despite having taken a $45.5-million charge against the value of its properties.For the three months ended Sept. 30, the Saskatoon-…
Uranium and gold producer Cameco (CCO-T) salvaged a quarterly profit despite having taken a $45.5-million charge against the value of its properties.For the three months ended Sept. 30, the Saskatoon-…
Although known for its exploration projects in Argentina, Minera Andes (MAI-A) has signed an agreement with the Romanian government to explore two properties in that country.The Voia and Ostoros prope…
Perched high in the rugged highlands of the Sudirman Mountain range in this Indonesian province is one of the richest and most remote copper-gold mining operations in the world. It may also be the wor…
Australian nickel producer Anaconda Nickel has filed a US$192-million lawsuit against contractor Fluor Daniel, blaming the engineering firm for start-up woes at the US$650-million Murrin Murrin nickel…
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Junior gold explorer Olympus Pacific Minerals (OYM-V) has hit narrow, high-grade gold mineralization in closely spaced drilling at its Phuoc Son property in central Vietnam.The 6-hole program tested f…
Hecla Mining (HL-N) lost US$36 million (or 54 cents per share) in the third quarter, compared to a loss of US$2.7 million (5 cents per share) in the corresponding period in 1998.The company was hit wi…
A 4,000-metre drill program mounted by United Carina Resources (UCA-V) in central Newfoundland has intersected gold mineralization below surface showings, including two holes with bonanza gold values….
Junior Greystar Resources (GSL-T) has commissioned Strathcona Mineral Services of Toronto to review its Angostura gold-silver project in northeastern Colombia.The audit will focus on the methodology a…
Millstream Mines (MLSM-C) has begun a program of deep drilling to test an induced-polarization anomaly at its Potter mine property, near Timmins, Ont.The target exhibits geophysical signatures similar…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 9/99 (change from Nov. 2 in brackets):MetalStock(tonnes)Change…
Antimony: Mid-mkt US$1,125/t.Bismuth: Mid-mkt US$4.60/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65/t.Cobalt: Recent trades US$13.75-15.00/lb.Copper: Comex Dec. US$0.8045/lb.Indium: Indi…
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