Lyon Lake sells off mining assets
Montreal-based junior Lyon Lake Mines (LLL-V) has decided to liquidate its mining assets in order to improve its balance sheet.The assets include: the Cerro Crucitas gold project in northern Costa Ric…
News
LME Warehouse Levels (May 01, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Apr. 25/00 (change from Apr. 18 in brackets):Aluminium695,275(-9,525)…
Bema Gold still in red
Bema Gold (BGO-T) tabled a fourth-quarter loss of US$2 million (or 1 per share) on gold revenue of US$9.3 million, compared with a loss of US$35.6 million (31 per share) on US$9.6 million in the cor…
Newgold sells last mining asset
Completing its transformation into an internet company, Newgold (NGLD-O) has sold the Relief Canyon mine to Orion Resources & Exploration.Orion purchased the operation for $960,000 in private shares o…
Cassiar to expand operations in BC
Shareholders of Cassiar Mines & Metals have approved a change in name to Cassiar Magnesium (CIR-T). The change reflects the company’s intention to become a producer of magnesium metal and magnesium si…
Metal Prices — DateApr. 25Apr. 24Apr. 21Apr. 20Apr. 19
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)Aluminium1442/1474holidayholiday142…
Silver Eagle leases mill in Chile
Partners Silver Eagle Resources (SER-V) of Tucson, Ariz., and Equatorial Mining of Australia have leased a mill near Copiapo, Chile, to reprocess silver-gold tailings from the historic Cha~narcillo si…
Red Lake strike ends
Talks between Goldcorp (G-T) and the United Steelworkers of America, which represents about 160 workers at the Red Lake mine in northern Ontario, have finally resulted in an agreement, ending the long…
EVENTS (May 01, 2000)
May 7-14 Mining Association of B.C. — “Mining Symposium 2000.” Hyatt Regency Hotel, Vancouver, B.C. Tel: (604) 681-4321, ext. 117. Fax: (604) 681-5305. Web site: http://www.mining.bc.caMay…
MEETINGS (May 01, 2000)
May 1 Britannia — general, extraordinaryMay 1 Fieldex — specialMay 1 Redwood — annual, generalMay 2 Diamondex — annualMay 2 Inmet — annual…
Romios hits high grade in Nevada
Drilling by Romios Gold Resources (RGRI-C) has intersected high-grade mineralization at the Scossa property, 6 miles from the producing Rosebud gold mine in Nevada’s Pershing Cty.To date, seven holes …
Canadian Zinc seeks financing
To fund further exploration on its wholly owned Prairie Creek base metal property in the Northwest Territories, junior Canadian Zinc (CZM-T) has entered into a $720,000 private placement.The financing…