History repeats itself in Nevada
In many respects, 1999 was a replay of 1998 for Nevada’s mineral industry. The most significant difference was that gold production fell to 8.3 million from 8.9 million oz. — the first production dec…
News
High River settles dispute
High River Gold Mines (HRG-T) has withdrawn its objection to the sale of Incanore Gold Mines, a private Canadian company, to Queenstake Resources (QRL-T).Incanore is active in Burkina Faso, West Afric…
EVENTS (December 11, 2000)
Jan. 1-31, 2001 33rd Annual Canadian Mineral Processors Conference — Ottawa. Contact R.J. MacDonald. Tel: (613) 996-2283. Fax: (613) 996-9041.Jan. 18 Canadian Mining Hall of Fame — Royal York Hotel,…
Eldorado finances Turkish projects
Vancouver-based Eldorado Gold (ELD-T) will use at least half the proceeds from a recent $10-million brokered private placement to advance its projects in Turkey.A syndicate led by Loewen, Ondaatje, Mc…
Francisco steps up drilling at Marlin
Vancouver — With a second round of drilling under way at its promising Marlin prospect in Western Guatemala, junior Francisco Gold (FGX-V) has tabled impressive gold-silver grades from a roadcut sout…
Gold Council launches ad campaign
The World Gold Council has launched a major new advertising campaign aimed at jewelry-conscious women.AngloGold, the world’s largest gold producer, is a partner in the project, which is expected to co…
EXCHANGE RATES (December 11, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 5Dec. 4Dec. 1Nov. 30Nov. 29US$ in C$1.
Anaconda explores Magistral
Vancouver — Armed with a recently completed internal scoping study, Anaconda Peru, a wholly owned subsidiary of London-based Antofagasta Minerals (ANFGF-O), will continue to explore the Magistral cop…
Naldrett a geological icon
The credit lines for the Odds ‘N’ Sods column in your Nov. 12 issue do not do justice to the author, A.J. Naldrett.The speech referred to was given at Laurentian University’s convocation ceremony, whe…
METAL PRICES (December 11, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 5Dec. 4Dec. 1Nov. 30Nov. 29Aluminium…
Costs, writedown take toll on Bema
Vancouver — The triple-whammy of low gold prices, high production costs and a US$9.3-million writedown has pushed Bema Gold (BGO-T) deeper into the red.The Vancouver-based company posted a third-quar…
Virginia, Soquem test target
Drilling by partners Virginia Gold Mines (VIA-T) and Quebec government-owned Soquem has intersected nickel, copper and cobalt mineralization at the Chute-des-Passes property, 150 km north of Lac St. J…