Resource base soars at Sigma mine
A re-thinking of the style of mineralization at McWatters Mining’s (MCW-T) Sigma-Lamaque open-pit gold operations in Val d’Or, Que., has resulted in a swelling of the resource base to at least 1.8 mil…
News
Newmont posts record production in latest quarter
An improved gold price and record gold production helped Newmont Mining (NEM-N) earn US$46.8 million, or 28 per share, in the quarter ended Dec. 31, 1999.Newmont posted record production of 1.22 mill…
Sulliden cuts narrow gold
A 10-hole drill program by Sulliden Exploration (SUE-M) has failed to replicate previous promising surface results from the Santo Toribio project in west-central Peru. The company will now target a si…
Wheaton posts record profits
Higher grades and recovery rates at the Golden Bear heap-leach mine in northern British Columbia have translated into record earnings for Wheaton River Minerals (WRM-T).In 1999, the company turned a p…
METAL PRICES (January 31, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJan. 25Jan. 24Jan. 21Jan. 20…
CMHF adds six members
At first glance, the six men inducted into the Canadian Mining Hall of Fame during a recent ceremony at Toronto’s Royal York Hotel seem to have little in common.Their accomplishments are diverse, incl…
Banks force Ashanti’s hand
Strapped for cash and with now place left to turn, beleaguered Ashanti Goldfields (ASL-N) has agreed to share its prized Geita gold project in Tanzania in an attempt to raise US$100 million in a separ…
Sins of the past
Few mining projects have had to carry as many social expectations as the Voisey’s Bay nickel-copper-cobalt project in Labrador. So heavy is the load that the project remains undeveloped, caught betwee…
TSE Shorts (January 31, 2000)
Short positions outstanding at January 15, 2000Larger individual positions include:Abitibi-Consolidated 1,293,672 up 288,552; Alcan Aluminum 1,417,558 up 374,821; Barrick Gold 4,623,810, up…
TSE Indices
— 2000 –DateJan. 25Jan. 24Jan. 21Jan. 20Jan. 19High…
Partners approve budget
Partners Western Copper Holdings (WTC-T) and Teck (TEK-T) have agreed to spend $4 million on engineering work at the San Nicolas copper-zinc deposit in Mexico’s Zacatecas state as part of a $6.6-milli…
CDNX rides the hi-tech bull
The Canadian Venture Exchange broke a new record in the report period ended Jan. 25, gaining 174.37 points, or 6.26%, and closing at 2,785.82. Hi-tech and Internet stocks continued to dominate the mos…