Production steady throughout March
Canadian production of primary copper, gold, silver, lead and refined zinc was up between March 1998 and March 1999.However, output of refined copper, nickel and primary zinc was down slightly over th…
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LME WHSE LEVELS (July 12, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 6/99 (change from June 29 in brackets):MetalStocks (tonnes)Change…
Tahera pulls more diamonds from Contwoyto-1
Based on favourable microdiamond results received from the Contwoyto-1 kimberlite at the Jericho project in Nunavut, Tahera (TAH-T) has decided to take a 35-to-50-tonne mini-bulk sample to determine t…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — UK gold sale hits producers
The Dow Jones industrial average jumped 319.77 points, or 3%, during the holiday-shortened report period of June 30-July 6, closing just short of an all-time high at 11,135.12.Britain’s July 6 auction…
Corriente drilling at Cerro Tasna
Diamond drilling is under way at the Cerro Tasna gold project in southwestern Bolivia.Corriente Resources (CTQ-T) is conducting the 2,000-metre program in an effort to test the main target area, which…
Fantasma results fail to impress
Pacific Rim Mining (PFG-T) has released disappointing drill results from the Fantasma project in northwestern Argentina.The 7-hole, 1,923-metre program of reverse-circulation drilling focused on the p…
Starfield brightens Ferguson Lake picture
Preliminary drilling by Starfield Resources (SRU-A) has confirmed cobalt-platinum-palladium mineralization in two copper-nickel zones at the Ferguson Lake property, 160 km south of Baker Lake in the n…
Old copper mine is for the birds — Miner, conservation group join to create wetlands
The past-producing Solbec mine, near Stratford, Que., will become a nature preserve under a partnership between owner Cambior and conservation group Ducks Unlimited.Cambior will spend $120,000 over th…
EDITORIAL & OPINION — Production cuts benefit copper market — Hope for base metals
It has been the received wisdom in the copper market that the number and size of the new projects that are coming on stream over the next decade will mean a massive glut of copper. If the price of cop…
PRODUCER & DEALER PRICES (July 12, 1999)
Antimony: Mid-mkt US$1,245/t.Bismuth: Mid-mkt US$3.60/lb.Cadmium: Mid-mkt US$0.21/lb.Chromium: Recent trades US$60.00-90.00/t.Cobalt: Recent trades US$21.75-22.75/lb.Copper: Comex Sept. US$0.762/lb.In…
INSIDER TRADING — Kinross, Viceroy repurchase shares
Recent filings with the Ontario Securities Commission show that both Kinross Gold (K-T) and Viceroy Resource (VOY-T) repurchased shares in their respective companies in April. The former bought 1.3 mi…
Partners secure US$1.3-billion Antamina financing — Rio Algom boosts Spence resource by 100 million tonnes
Already destined to become the world’s third-largest zinc and seventh-largest copper mine, the Antamina deposit in Peru now holds the distinction of being the recipient of the largest financing ever f…