New industry for Canada
Canada’s Department of Indian Affairs and Northern Development (DIAND) is funded by taxpayers to the tune of billions of dollars each year, yet most Canadians have little knowledge about how its huge …
News
SPOT PRICES Wed. February 16, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$300.50-$5.50Silver$ 5.23-$0.13…
Carosue Dam gets nod
A positive bankable feasibility study on the Carosue Dam gold project in Australia paves the way for Teck’s (TEK-T) 79%-owned subsidiary, PacMin Mining, to begin development.Situated 110 km northeast …
Wheaton advances Bellavista mine
Toronto-based Wheaton River Minerals (WRM-T) has moved one step closer to commercial production at its wholly owned Bellavista gold project in Costa Rica.The company recently received what it describe…
Life at the Emerald camp
The Emerald mine camp, on the southwest slope of British Columbia’s Iron Mountain, was at an elevation of 3,600 ft. and at the mercy of the weather. However, during the Second World War, Cominco built…
GREATEST VALUE TRADED, Feb. 9-15
ExchgVal($000s)HighLowCloseChangeAlcoa*N 1009040 74.19 64.44 73.69 + 7.75…
Dayton plans to diversify
In a bid to diversify beyond its Chilean gold mine, Dayton Mining (DAY-T) has agreed to buy Kinross Gold’s (K-T) 49% stake in the Denton-Rawhide gold-silver mine, 190 km southeast of Reno, Nev.Kenneco…
Silver demand still exceeds supply
Global silver production during 1999 is expected to have reached 552 million oz., a 3% increase over final figures reported a year earlier, according to the Silver Institute of Washington, D.C.Mexico …
Juniors struggle to find favour with investors
Junior companies are facing the struggle of their lives during this prolonged industry downturn, and the general view is that only the brightest and the best will survive. But even juniors with compet…
MOST ACTIVE ISSUES, Feb. 9-15
ExchgVol(000s)HighLowCloseChangeWilliam ResT 209860 0.31 0.11 0.19 + 0.08…
Summo awaits feasibility
Solvent extraction techniques are proving increasingly attractive to conventional copper mining companies as they struggle against historically low prices.One such company, Denver-based Summo Minerals…
METAL PRICES (February 21, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateFeb. 15Feb. 14Feb. 11Feb. 10…