Rosebud to blossom no more
In August, after nearly four years of operation and 375,000 oz. of gold production, partners Hecla Mining (HL-N) and Newmont Mining (NEM-N) will close the Rosebud mine in northern Nevada.When the mine…
News
Metal Prices (June 12, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJune 6June 5June 2June 1…
Toronto Stock Exchange Indices (June 12, 2000)
2000DateJune 6June 5June 2June 1May 31High…
Spot Prices, Wed. June 7, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$286.95+$14.70Silver$ 5.05+$0.15…
LME Warehouse Levels (June 12, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 6/00 (change from May 30 in brackets):MetalStock(tonnes)Change…
Gregg River to close
Luscar has announced that the Gregg River coal mine, near Hinton, Alta., will close by September.Low coal prices, high production costs and, more recently, unfavourable geological conditions are respo…
Dayton enters Nevada scene with Denton-Rawhide purchase
As a latecomer to the Great Basin, Dayton Mining (DAY-X) missed the heady days of exploration in Nevada. However, with its newly acquired 49% interest in the Denton-Rawhide gold-silver mine, the compa…
Low prices hurt Arizona
Copper mining contributed US$6.2 billion in personal, business and government income to Arizona in 1999, down from nearly US$10 billion in the previous year.The decrease is attributed to low copper pr…
Aurogin, Globex plan program
Rouyn-Noranda-based Globex Mining Enterprises (GMX-T) and its new joint-venture partner, Aurogin Resources (AUQ-V), will explore a large land package in northwestern Quebec.The 40-sq.-km property, in …
Pan American gets political push
With an election looming, the governor of the Magadan district of eastern Russia has sent a letter to Pan American Silver (PAA-T) urging the company to start development of the large Dukat silver mine…
Kinross expands Wheaton River’s Goose Lake
An ongoing 40-hole, 11,000-metre drilling program by Kinross Gold (K-T) at the George Lake project in Nunavut is significantly extending the project’s Goose Lake deposit. The property is held by Wheat…
EXCHANGE RATES (June 05, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 30May 29May 26May 25May 24…