Gold-as-money
Is gold the mortal enemy of central bankers? Lawrence Parks, executive director of the Foundation for the Advancement of Monetary Education (FAME), believes so. What’s more, he says the world’s banker…
News
Guyana hits high grade
A hole drilled by Guyana Goldfields (YGI-V) at the Aurora concession in Guyana, South America, has returned 63 ft. grading 1.35 oz. gold per ton.The program is testing the strike length of the Aleck H…
Green Creek explores new ground
The operators of the Greens Creek polymetallic mine, in southeastern Alaska, have resumed exploration drilling following a brief hiatus.Over the past year, Kennecott Minerals, a division of the mine’s…
Falling prices hurt big gold producers
The Toronto Stock Exchange recovered strongly over the report period Oct. 18-24, but the mining stocks were largely left in the dust. The TSE 300 composite index closed at 10,352.10 points, up 219.54 …
Goldcorp cuts ribbon at reborn Red Lake mine
It began life in 1948 as Dickenson Mines’ Arthur White gold mine and went on to produce more than 3.1 million oz. without interruption until a strike forced a shutdown in 1996. Recently, under the own…
Partners update Duck Pond resources
Partners Thundermin Resources (THR-T) and Queenston Mining (QMI-T) have announced the preliminary results of a bankable feasibility study under way at the high-grade Duck Pond copper-zinc massive-sulp…
Barrick enjoys robust third quarter
Barrick Gold (ABX-T) has reported near-record earnings for the three months ended Sept. 30, posting a profit of US$86 million on revenue of US$321 million. Improved operating performances at the compa…
Luscar puts Cheviot on back burner
Construction of the Cheviot mine, near Hinton, Alta., has been postponed after several letters of intent to buy coal from the operation expired, says 50%-owner Luscar.Several Japanese steel mills had …
MOST ACTIVE ISSUES, Oct. 18-24
ExchgVol(000s)HighLowCloseChangeAlcoa*N 18049 25.62 23.19 24.94 – 1.06…
Spot Prices Wed. October 25, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$269.30-$3.70Silver$ 4.78-$0.11…
Metal Prices (October 30, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 24Oct. 23Oct.20Oct. 19Oct. 18Aluminium1496/151…
Northern Miner Indices (October 30, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.6ComincoCLT-T4.0FalconbridgeFL-T6.9Franco-Nevada MiningFN-T5.3Freeport McMoRan Cop’r BFCX-N4.6Homestake MiningHM-N4….