News


Inmet showing healthy profit

A successful fourth quarter has left Inmet Mining (IMN-T) with a significant profit in 1999, all without the aid of asset sales.Inmet earned $39.5 million (or 90 a share) on revenue of $116.6 million…


Normandy sets record

Producing more than a million ounces of gold in six months is good news for any mining company; even better news is when the production record is accompanied by record profits. Such was the case for N…


EVENTS (February 28, 2000)

Feb. 29 CPM Group — “Silver Mining Investment Conference.” New York Mercantile Exchange, New York, N.Y. Tel: (212) 785-8320. Fax: (212) 785-8325. Web site: http://www.cpmgroup.comMarch 5-7…


Miramar to boost output

With the addition of the newly acquired Giant mine, Miramar Mining (MAE-T) expects to boost total gold production at its Yellowknife, N.W.T., division by 30% to 130,000 oz.Total cash costs at both the…



Radio play lights mining’s dark corners

A 6-part drama about corporate intrigue in the mining industry is set to air on CBC Radio in March and April.Paydirt will be heavy on behind-the-scenes manoeuvring in both the mining and financial sec…



LME WHSE LEVELS (February 28, 2000)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 22/99 (change from Feb. 15 in brackets):Aluminium860825(+16600)…


Phone, fax or mail

While the mining industry and its associations do little or nothing, twenty environmental groups are mobilizing their members and the general public to support Environment Minister David Anderson’s pr…


Writedowns erase Rio’s otherwise profitable year

A healthy combination of stronger copper prices, higher production and lower cash costs allowed Rio Algom (RIO-T) to end an otherwise mixed year on a high note.In 1999, Rio chalked up $184 million in …


Rubicon drilling in Newfoundland

A 2,000-metre, 8-hole drill program on the Point Leamington massive sulphide project in north-central Newfoundland is following up on a base metal target recently discovered by Rubicon Minerals (RMX-V…


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