Metal Prices (August 07, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug. 1July 31July 28July 27…
News
Hope Bay raises $2 million
Hope Bay Gold (HGC-T) has raised $2 million through the private placement of 4.9 million units priced at 41 each. A unit consists of one share and one warrant, with a warrant entitling the holder to …
NDT picks up ground in Peru
NDT Ventures (NDE-V) is preparing to begin a work program at its newly acquired Antana gold project, 80 km from the city of Juliaca in southern Peru’s Puno department.The program will test gold minera…
Liqhobong study nears finish
A feasibility study of the Liqhobong diamond project in Lesotho is nearing completion.MineGem (MGEM-C) (formerly Messina Diamond) is focusing on the Satellite kimberlite pipe, which hosts an indicated…
Kisladag resource base increases
A scoping study on Eldorado Gold’s (ELD-T) Kisladag porphyry gold deposit in west-central Turkey has increased the resource in the proposed open pit to 79.1 million tonnes grading 1.33 grams gold per …
Silver-resistant bacteria
Although we think of silver as a bacteria fighter, a group of scientists in Sweden has found a bacterium that actually grows silver crystals and stores them on the edges of its cell wall.This discover…
Funds earmarked for BC labs
The Canadian Foundation for Innovation (CFI), an independent, non-profit organization, has pledged $1.25 million to create five research labs at the Department of Mining and Mineral Process Engineerin…
Russian uncertainty pushes palladium to new record
With Russian shipments in question once again, the price of palladium shot up $90 during the July 26-Aug. 1 report period to a record London morning fix of US$855 per oz. on Aug. 2. The metal had slip…
Agnico-Eagle posts losses
When gold prices are high, Agnico-Eagle Mines (AGE-T) soars likes an eagle. But when prices are low, the unhedged producer is more earthbound than its peers and invariably pays the piper in red ink.Th…
Real investors need real products
Comparing second-quarter financial results of Canada’s major mining and high-tech companies, as reported by the financial press in the week of July 23, reveals some interesting trends. Even comparing …
NAME CHANGES (July 31, 2000)
Akash Ventures (AKH-V) has changed its name to International Akash Ventures (IKS-V) on a 1-new-to-3-old share basis.Aegean Gold (AEG-V) has changed its name to Agean International G…
Cominco posts profit in quarter
Operating profits at the Red Dog mine in Alaska and the Trail smelter in British Columbia propelled base metal titan Cominco (CLT-T) to substantial earnings in the second quarter.The company posted a …