News
Correction (August 28, 2000)
A report in our Aug. 14 issue suggested that the Eskay Creek gold-silver mine, operated by Homestake Mining (HM-N), underperformed in the second quarter of 2000.In the second quarter of 1999, the mine…
NOTE TO USERS OF THE STOCK TABLES
Owing to technical problems at the source, this week’s stock tables compile trading for Aug. 16-18 inclusive and Aug. 22, omitting Aug. 21. Weekly high and low prices may be incorrect and volume figur…
Spot Prices Wed. August 23, 2000Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$272.45-$3.05Silver$ 4.81-$0.04…
Diavik gets water licence
Canada’s newest diamond project, the $1.3-billion Diavik mine in the Far North, has cleared the final permitting hurdle for construction and operation. Diavik is owned 60% by mining giant Rio Tinto (R…
Korean War benefits Canadian mining
SEPTEMBER 1950An inside source tells The Northern Miner that the 700-800 Russian submarines cruising the world’s oceans pose such a threat to foreign base metal supply routes that the U.S. government …
In search of Peter McKenzie
I am looking for information on the late prospector Peter McKenzie, specifically his private life. Most of my information was acquired from the now-defunct Chibougamau Miners Newspaper, which was writ…
Producer and Dealer Prices (August 28, 2000)
Antimony: Mid-mkt US$1,750/t.Bismuth: Mid-mkt US$3.20/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.65-15.75/lb.Copper: Comex Sept. US$0.8575/lb.Indium: …
Metal Prices (August 28, 2000)
DateAug. 22Aug. 21Aug. 18Aug. 17Aug. 16BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…
Official World Gold Holdings: August 2000
1. United States813855.82. Germany3469343. IMF3217n/a4. France302539.55. Switzerland253842.66. Italy245246.97. Netherlands91247.48. Japan7541.99. ECB74714.210. Portugal60739.311…
LionOre posts higher profits
Like its larger competitors, junior producer LionOre Mining International (LIM-T) has benefitted from this year’s stronger nickel prices.For the second quarter ended June 30, LionOre posted net earnin…
Harry Oppenheimer
Harry Oppenheimer, the South African billionaire who controlled the world’s diamond trade for more than a quarter-century, has died. He was 91.Oppenheimer was admitted to a Johannesburg hospital in mi…