LME WHSE LEVELS (September 27, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 21/99 (change from Sept. 14 in brackets):MetalStock(tonnes)Change…
News
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Brit sale buoys gold
A weak U.S. dollar pushed the Dow Jones industrial average down 311.86 points, or 2.9%, for the report period ended Sept. 21.Spot gold, on the Comex division of the New York Mercantile Exchange, jumpe…
SPOT PRICES, Wed. September 22, 1999
Precious MetalsPrice (US$/oz.)ChangeGold$262.60+$5.20Silver$ 5.26+$0.13…
Eastern Meridian eyes prospect
A letter agreement with a Mexican company sets the stage for Eastern Meridian Mining (EME-A) to acquire a half-interest in the Picachos gold-silver project in the southwestern part of Durango state.Th…
Coleraine wraps up work
Coleraine Mining Resources (CRI-T) has completed a summer drilling program on the Perron gold prospect at its Normetal property in northwestern Quebec.Nine holes totalling 1,505 metres were drilled, w…
Caribgold options claims
An agreement with Beaufield Consolidated Resources (BFD-V) sets the stage for CaribGold Resources (CG-T) to acquire a 50% interest in 400 claims in the Lac Evans area of northwestern Quebec.The proper…
Great Basin drills Ivanhoe
Armed with $6.3 million in financing, Great Basin Gold (GBG-V) has begun testing its Ivanhoe property in Nevada’s Carlin Trend.The target is bonanza-grade, gold-silver veins similar to those being min…
El Callao starts feasibility
El Callao Mining (ECM-V) is one step closer to developing the Lo Increible gold property in southeastern Venezuela, following completion of geostatistical drilling of open-pit reserves.The 19-hole pro…
Goldcorp gives Red Lake mine a facelift
The Red Lake mine, one of Canada’s longest-running gold mines before labour troubles laid it to rest in 1996, is fast approaching its rebirth.Since May, Goldcorp (G-T) has spent $11.6 million rebuildi…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Sandy gold
Shortly after the First World War, a mining engineering student was taken to a copper showing at Indian Reserve 70, south of Lake Abitibi in Quebec, by an Indian guide who had discovered it.”Not too m…
MINING MARKETS & INVESTMENT NEWS — INVESTMENT COMMENTARY — Yorkton analysts see turnaround at Eldorado Gold
Junior mining companies may be turning into dot.coms by the droves, but those still in the mineral exploration game are being closely watched by Yorkton Securities’ high-profile mining duo of Doug Lei…
Juniors invited to Minnesota
Minnesota is inviting exploration companies to take another look at the state’s mineral potential.The 1999 Minnesota Exploration Conference will be held Oct. 7 and 8 in Tower. It will focus on prospec…