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…
News
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…
Aber’s Thomas, Falco’s Pugsley to receive PDAC honours
The evening of Thursday, March 9, will be a special one for D. Grenville Thomas, founder of Aber Resources, and Thomas Pugsley, vice-president of projects and engineering for Falconbridge. That’s when…
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…
GREATEST VALUE TRADED, Feb. 16-22
Exchg Val($000s)HighLowCloseChangeAlcoa*N 829980 77.44 72.00 72.50 – 1.19…
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…
Gold demand hits new high
Gold demand in 1999 rose more than one-fifth to a record level, buoyed by strong demand in India, Pakistan and the U.S., according to a year-end report by New York-based World Gold Council (WGC).In th…
The Emerald mine remembered
With its open location atop Iron Mountain, the Emerald mine, near Salmo, B.C., was subject to the area’s severe weather and frequent storms.A tramline connected the mine on the mountain with the mill …