SME meeting set for Colorado
The minerals-processing division of the Society for Mining, Metallurgy & Exploration will hold its annual meeting May 21-22 at the Broadmoor Springs Hotel in Colorado Springs, Colo.Entitled “Operating…
News
EDITORIAL & OPINION — ODDS ‘N’ SODS — A good deal gone bad
During the mid-1950s, I did a lot of mining exploration work in a farming area a few miles west of Senneterre, in northwestern QuebecHowever, our story starts years earlier, when a geology professor a…
Diamonds steal the show at Cordilleran Roundup
The pervasive mood at this year’s annual Cordilleran Roundup was cautious optimism, perhaps because many delegates felt that there was nowhere to go but up. However, if attendance is any indication of…
Stillwater turns in record year
More ounces and a higher sales price enabled platinum producer Stillwater Mining (SWC-X) to post record earnings in 1998.At its namesake mine in southwestern Montana, the company cranked out 111,000 o…
Canadian gems sell in Antwerp
Canadian producers BHP Diamonds and Dia Met Minerals (DMM-T) have sold the first parcel of rough diamonds from their Ekati mine north of Yellowknife, N.W.T.BHP Diamonds, a subsidiary of Broken Hill Pr…
Rayrock boosts reserves
Rayrock Resources (RAY-T) has boosted reserves at its three open-pit gold mines in Nevada and at its copper mine in Chile.Combined, the 66.6%-held Marigold and wholly-owned Dee and Daisy gold mines no…
LME WHSE LEVELS (February 08, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb. 2/99 (change from Jan. 26 in brackets):MetalStocks (tonnes)Change…
SPOT PRICES (February 08, 1999)
Feb. 3, 1999Courtesy of ScotiabankPrecious MetalsPrice (US/oz)ChangeGold$287.55+$1.65Sil…
Madison also eyes property’s placer potential
Junior Madison Enterprises (MNP-V) has released more encouraging drill results from the Mt. Kare gold project in Papua New Guinea.Diamond drilling has expanded the Black Zone area, resulting in the di…
PRODUCER & DEALER PRICES (February 08, 1999)
Aluminium: LME settlements US$1,207.50, alloy US$1,033 per tonne (Feb. 2/99).Antimony: Representative mid-market US$1,365 per tonne (Feb. 2/99).Bismuth: Representative mid-market US$3.05 per lb. (Feb….
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Higher prices buoy producers
A surge in gold and silver prices helped U.S. producers, while the Dow Jones industrial average slid 50.46 points (0.5%) to finish the report period ended Feb. 2 at 9,274.12.Gold producers benefited f…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Mining index slips despite higher VSE composite
The Vancouver Stock Exchange composite index managed to edge up 0.49 of a point, or 0.1%, and close the week ended Feb. 2 at 419.22. The mining index did not fare as well, losing 7.12 points, or 2.3%,…