Altoro gears up to drill Pedra Branca project
Eyebrow-raising trench results, favourable geology and limited but enticing historic drill intercepts have whetted Altoro Gold’s (ATG-V) appetite for exploration at its Pedra Branca platinum-palladium…
News
COMMENTARY — Steady as she goes, for silver
Silver prices will remain stable over the next six months, trading at between US$5 and US$5.50 per oz., says Gold Fields Mineral Services.According to the British-based firm, demand is outstripping su…
TSE INDICES (November 08, 1999)
1999Nov. 2Nov. 1Oct. 29Oct. 28Oct. 27HighLowCompo…
Cambior to lose US$33 million from hedging
Trying to repair the damage caused by its failed hedging program, Cambior (CBJ-T) has reduced its position by 1.3 million oz. gold.The company bought 1 million oz. through the bullion markets at an av…
Glamis sells Ivan copper mine
Glamis Gold (GLG-T) has sold its Ivan copper mine near Antofagasta, Chile, to Minera Milpo of Lima, Peru.Glamis acquired the small underground operation through its February 1999 merger with Rayrock R…
Echo Bay to reopen Lupin mine
The Lupin gold mine in Nunavut will be reopened following a shutdown that lasted nearly two years.Echo Bay Mines (ECO-T) will sink US$12 million into the mine over the next five months, mostly on staf…
50 YEARS AGO/November 1949
This is the first in a series that marks notable events and developments in Canada’s mining past as reported by The Northern Miner 50 years ago.United Keno Hill surmounts Yukon obstacles…
Protesters urge rehiring of 3,000 miners — Failed deal, not greed, reason for Western Areas layoffs: Placer
South African miners recently staged a massive rally to protest layoffs by Placer Dome at its Western Areas joint venture.About 2,000 people gathered at a soccer pitch near Johannesburg in demonstrati…
MOST ACTIVE ISSUES (November 08, 1999)
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MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Vancouver markets languish; Alberta chases bull
The Vancouver Stock Exchange composite index slid 1.08 points, or 0.3%, over the report period ended Nov. 2, finishing the week at 394.12. The mining index followed suit, losing 2.68 points, or 0.97%,…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — TSE climbs with a little help from base metals
The Toronto Stock Exchange 300 index jumped 150.44 points during the report period ended Nov. 2 to finish at 7,215.32. Resource stocks were mixed: the metals and minerals sub-group rose 10.57 points t…
SUPPLIERS NEWS ROUNDUP — Sea rates for minerals drop
Ocean shipping rates for mineral commodities declined over the past 18 months, according to a survey by Western Mine Engineering.Rates for “Cape” vessels, the largest ocean-going transports, with a ca…