No Headline (August 09, 1999)
,HLME WHSE LEVELSMetal stocks (in tonnes) held in London Metal Exchange warehouses at Aug. 3/99 (change from July 27 in brackets):MetalStocks(tonnes)Change…
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PRODUCER & DEALER PRICES (August 09, 1999)
Antimony: Mid-mkt US$1,195/t.Bismuth: Mid-mkt US$3.60/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Recent trades US$60.00-90.00/t.Cobalt: Recent trades US$18.50-20.20/lb.Copper: Comex Sept. US$0.756/lb.In…
EDITORIAL & OPINION — GEOLOGY 101 — Redbed copper deposits, Part 1
As their name suggests, red-bed copper deposits form in red host rocks. The red colouration is actually rust, which is oxidation formed after the rock’s exposure to the atmosphere.The two types of red…
METAL PRICES (August 09, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateAug. 3Aug. 2July 30July 29…
Hedging keeps Cambior in black
Despite lower production, Montreal-based Cambior (CBJ-T) remained in the black during the second quarter, owing to a successful gold-hedging program.The company earned US$100,000 on revenue of US$80 m…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — VSE loses more steam over holiday-shortened period — Winspear still volatile following Snap Lake results
The Vancouver Stock Exchange composite index slid 3.62 points, or 0.9%, to finish the holiday-shorted week ended Aug. 3 at 415.15. The mining index added 1.59 points, or 0.6%, to close at 275.33.Meanw…
Agnico-Eagle mired in red ink
Agnico-Eagle Mines (AGE-T) racked up more losses during the second quarter, due in large part to falling gold and copper production from its Laronde mine in northwestern Quebec.During the second quart…
DIAMOND PAGE — SouthernEra remains in the black
Higher production at the Marsfontein diamond mine in South Africa kept SouthernEra Resources (SUF-T) profitable in the second quarter.During the three months ended June 30, the diamond miner earned $1…
DIAMOND PAGE — Archangel, Russian partners end dispute
A settlement has been reached in the 18-month-long dispute between Archangel Diamond (AAD-V) and its Russian partners over ownership of the Verkhotina diamond property in northwestern Russia.The settl…
Camnor drilling at Cirque
Partners Camnor Resources (CMB-V) and Oromin Explorations (OME-V) have launched a US$125,000 diamond drill program at the Cirque volcanogenic massive sulphide (VMS) property, 60 miles south of Fairban…
Partners drill in Alaska
Partners Grayd Resource (GYD-V) and Atna Resources (ATN-T) have begun drill-testing the downdip extension of high-grade mineralization on the DC North zone at the Dry Creek property in Alaska.Based on…
Cayeli foundation of Inmet’s quarter
Increased production from the Cayeli copper-zinc mine in Turkey was in the foreground of the second-quarter picture at Inmet Mining (IMN-T).Inmet showed a profit of $959,000 for the 3-month period end…