Fipke’s Cantex among gainers on western markets
The Canadian Venture Exchange closed up 14.63 points, or 0.7%, at 2,168.71 during the report period ended Dec. 21, 1999.MacDonald Mines Exploration traded almost 2.5 million shares during the week, cl…
1999
Manhattan outlines sulphides at Tambo Grande
At its 75%-optioned Tambo Grande polymetallic project in northwestern Peru, Manhattan Minerals (MAN-T) has unveiled a resource model for the TG-3 deposit that pushes the overall sulphide resource to b…
‘Tis the season for tax loss selling
John Kilburn, retail analyst with Goepel McDermid, is looking for bargains in the junior resource sector this holiday season. Tax loss selling at this time of year typically creates a seasonal weaknes…
Future of BC mining uncertain
This past year has been both difficult and disappointing for British Columbia’s mining industry. Two mines closed and no new ones were opened. Mineral exploration plummeted dramatically and is now exp…
Stillwater improves production forecast
Emerging from a period of development glitches at its namesake operation in south-central Montana, platinum producer Stillwater Mining (SWC-X) is confident it has turned the corner and anticipates str…
CORRECTIONS (December 27, 1999)
In our issue of Dec. 20-26, 1999, we reported that Vengold (VEN-T) holds 5% of Lihir Gold (LIHRY-Q) and Nuigini Mining, worth US$40 million, as well as cash and securities valued at US$50 million.Veng…
The Northern Miner — North American Mining Index (December 27, 1999)
95.50 (+4.00)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (December 27, 1999)
61.14 (+5.33)(Sept. 30/98 = 100)…
Spot Prices Wed. December 22, 1999
Precious MetalsPrice (US$/oz.)ChangeGold$287.00+$7.15Silver$ 5.17-$0.02…
Indonesia outstrips competition
A survey has found that Indonesian mines achieve higher rates of return than operations elsewhere in the world.The PricewaterhouseCoopers study shows that during the period 1994-1998, companies includ…
Rally surprises market
Metals prices climbed sharply higher in the week ended Dec. 17 as fund buying took the market by surprise, confounding widespread expectations that prices had settled into a phase of sedate range trad…
MNDM confident of Treasure Hunt benefits
In a letter printed in your issue of Nov. 22-28, 1999, Jerry Roth of Stratagex raised some concerns about the Ontario government’s Operation Treasure Hunt initiative.To clarify, for the benefit of Mr….