Meetings (August 02, 1999)
Aug. 3, Golden SitkaAug. 3, Redbird GoldAug. 4, BarraAug. 4, AquestAug. 5, Flame Petro-MineralsAug. 5, Int’l DunlapAug. 5, IrianaAug. 6, Cons BeaconAug. 6, Oliver GoldAug. 6, TrincanaAug. 6, Northern …
News
Glamis boosts underground reserves at Dee
Thanks to a US$3.4-million development program, Glamis Gold (GLG-N) has increased minable reserves at the Dee underground project in Nevada’s Carlin trend.Underground drilling into the first zone has …
St Andrew reactivates Hislop gold project
St Andrew Goldfields (SAS-T) is one step closer to rejoining the ranks of producers, following the start of test mining at its Hislop gold project in the Matheson area of northern Ontario.Hislop is on…
Shutdowns cost Boliden
Mining companies usually make more money when they are mining, a truth not lost on Boliden (BOL-T). Production shutdowns at the Los Frailes and Myra Falls mines have left the company with a US$31.9-mi…
TSE SHORTS (August 02, 1999)
Short positions outstanding at July 20, 1999Larger individual positions include: Abitibi Consolidated1,811,974; Alcan Aluminum 1,127,506, down 212,790; Armada Gold 150,000; Barrick Gold 6,745,874, dow…
TSE INDICES (August 02, 1999)
1999Jul. 27Jul. 26Jul. 23Jul. 22Jul. 21HighLowCom…
METAL PRICES (August 02, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJuly 27July 26July 23July 22…
INVESTMENT COMMENTARY — Cominco’s turnaround timed for recovering zinc markets
Resolving technical glitches and achieving full production should mean “sharply higher earnings and cash flows” in coming years for zinc producer Cominco (CLT-T), according to a research report by Fir…
GREATEST VALUE TRADED, July 21-27
ExchgVal($000s)HighLowCloseChangeAlcoa*N308290…
DIAMOND PAGE — Ashton continues hunt
Sampling of the last two of six kimberlites discovered during winter drilling by Ashton Mining of Canada (ACA-T) on the Buffalo Hills and Birch Mountain properties has yielded no diamonds.Small repres…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS –VSE stagnant as Winspear takes nosedive
The Vancouver Stock Exchange composite index lost 4.97 points, or 1.2%, to close the week ended July 27 at 418.77. The mining index dropped 5.69 points, or 2%, to close at 273.74.Meanwhile, the combin…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold continues its mid-summer slumber
During the July 21-27 report, gold took a baby step back from oblivion, gaining $1.10 to hit US$254 per oz. on the London morning fix of July 28.Each of Canada’s three biggest gold producers posted ga…