Stillwater improves production forecast
Emerging from a period of development glitches at its namesake operation in south-central Montana, platinum producer Stillwater Mining (SWC-X) is confident it has turned the corner and anticipates str…
News
Future of BC mining uncertain
This past year has been both difficult and disappointing for British Columbia’s mining industry. Two mines closed and no new ones were opened. Mineral exploration plummeted dramatically and is now exp…
Indonesia outstrips competition
A survey has found that Indonesian mines achieve higher rates of return than operations elsewhere in the world.The PricewaterhouseCoopers study shows that during the period 1994-1998, companies includ…
Fipke’s Cantex among gainers on western markets
The Canadian Venture Exchange closed up 14.63 points, or 0.7%, at 2,168.71 during the report period ended Dec. 21, 1999.MacDonald Mines Exploration traded almost 2.5 million shares during the week, cl…
Spot Prices Wed. December 22, 1999
Precious MetalsPrice (US$/oz.)ChangeGold$287.00+$7.15Silver$ 5.17-$0.02…
Gold rebounds before holidays
The Dow Jones industrial average climbed a modest 40.37 points, or 0.4%, to 11,200.54 during the report period ended Dec. 21.Gold responded to interest rate jitters, climbing $6.90 to US$286.90 on the…
LME Warehouse Levels (December 27, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 21/99 (change from Dec. 14 in brackets):Aluminium762,850(-4,700)…
Producer and Dealer Prices (December 27, 1999)
Antimony: Mid-mkt US$1,175/t.Bismuth: Mid-mkt US$4.30/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$62.50/t.Cobalt: Recent trades US$13.70-15.40/lb.Copper: Comex Mar. US$0.833/lb.Indium: In…
EXCHANGE RATES (December 27, 1999)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 21Dec. 20Dec. 17Dec. 16Dec. 15…
INDEX (December 27, 1999)
Aber Res6Acron Int’l16Atna Res6Barrick Gold1, 3Bema Gold6Cambiex3Cameco2Canabrava14Celtic Min2Citadel Gold…
Copper Rand gets reprieve
In a move to preserve jobs in the Chibougamau region, the Quebec government and big labour are throwing a lifeline to MSV Resources (MSV-T) and its Copper Rand 5000 project, which seemed to have gone …
TSE Indices (December 27, 1999)
— 1999 –DateDec. 21Dec. 20Dec. 17Dec. 16Dec. 15High…