Fall from grace
Complacency is no friend to capital markets, and neither is incompetent government. Sadly, the government of British Columbia is so riddled with incompetence and scandal that it seems barely to notice…
News
McEwan to discuss Challenge
Robert McEwan, president of Goldcorp, will be the guest speaker at a noon luncheon of the Toronto branch of the CIM, scheduled for May 18 at the Ontario Club.The presentation will focus on the “Goldco…
Clarification (May 08, 2000)
The News Roundup article “SNC begins Pascua work” (The Northern Miner, May 1/00) stated that SNC-Lavalin began site development in February, with the implication that construction of the Pascua mine w…
Spot Prices Wed. May 3, 2000Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$277.60-$0.10Silver$ 5.00+$0.03…
Alcan poised to start Quebec smelter
Alcan Aluminum (AL-T) is only months away from starting up a large-scale greenfield smelter in Alma, Que., shareholders were told at the company’s annual meeting in Montreal.The plant is 2.5 km west o…
Battle Mountain Gold posts stronger quarter
Higher production made it possible for Battle Mountain Gold (BMG-N) to post a smaller loss in the recent first quarter than in the corresponding period of 1999.The company incurred a net loss of US$3….
General Minerals produces Bolivian silver
General Minerals (GNM-T) has commenced production at the Atocha silver mine in west-central Bolivia.A custom mill in Oruro processed the first 1,879 tonnes of ore, which averaged 627 grams silver per …
Corriente explores new copper district Investment Commentary
A junior company must have something out of the ordinary in order to attract the attention of mining analysts and investors in these tough times. Fitting that bill is Corriente Resources (CTQ-T), whic…
Yanacocha boosts Newmont Snap Lake
Higher-than-expected production from its operations in Peru and Nevada should leave Newmont Mining (NEM-N) with 4.7 million equity ounces of gold for the current year.On the strength of a 60% boost in…
Partners produce diamonds
Guyanor Ressources (GRL.B-T) and Rio Tinto (RTP-N) have started processing diamond-bearing ultramafic rocks at a plant on the Dachine property in French Guiana.The facility, capable of processing six …
Richmont posts quarterly profit
Higher gold prices enabled Richmont Mines (RIC-T) to turn a small profit in the first quarter.Net earnings in the three months ended March 31 totalled $846,329 (or 6 per share) on revenue of $11 mill…
Cambior revived by Japanese cash infusion
Gold dropped to a fresh 7-month low of US$272 per oz. during the April 26-May 2 report period before recovering slightly to reach a London morning fix of US$277.70 per oz. on May 3.Gold’s rebound on t…