Producer and Dealer Prices (May 08, 2000)
Antimony: Mid-mkt US$1,095/t.Bismuth: Mid-mkt US$3.85/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$16.35-17.50/lb.Copper: Comex May US$0.8175/lb.Indium: In…
News
Medinah gets mixed results in Chile
Follow-up drilling on a hot hole at the Alto de Lipangue gold-copper property in central Chile has returned mixed results for Medinah Mining (MDHM-O).Hole 8, drilled in late December 1999, intersected…
El Peon vitalizes Meridian’s quarter
A successful startup at the El Peon mine in northern Chile enabled Meridian Gold (MDG-N) to experience a 134% rise in gold production during the first quarter. Cash operating costs for the period wer…
Grupo Mexico OKs offering
At its recent annual meeting, held in Mexico City, Grupo Mexico authorized the issuance of up to 70 million shares of new stock.Current shareholders can subscribe to the new Series B stock at 50 pesos…
Zamora to boost output
The Campanillas gold operation in southeastern Ecuador will undergo a five-fold expansion.Zamora Gold (ZMRA-C) has purchased a 3-by-4-metre ball mill, a cone crusher, eight cyclones and six new flotat…
MEETINGS (May 08, 2000)
May 10 Bonanza — annual, specialMay 10 Boreale — specialMay 10 Corsair — annual, general, specialMay 10 Devlan — annual, generalMay 10 Velvet…
Inmet stays profitable in first quarter
A substantial increase in earnings from its Cayeli and Troilus mines allowed Inmet Mining (IMN-T) to earn $2.9 million, or 6 per share, on revenue of $28.1 million in the first quarter of 2000.Inmet’…
Stake in Cominco gives boost to Teck
Teck’s (TEK-T) 40.4% equity stake in Cominco (CLT-T) paid off handsomely in the first quarter. The latter earned $7 million (or 6 per share) on sales revenue of $168.5 million, compared with a $1.8-m…
Homestake expands Veladero gold deposit
Since announcing a reserve estimate for its Veladero gold-silver project in northern Argentina, Homestake Mining (HM-N) has discovered new zones of mineralization that could improve the economics of t…
Wayside faces quality concerns
As its drill program continues to cut bonanza-grade gold values over considerable widths, International Wayside Gold Mines (IWA-V) has hired an independent geological consulting firm to verify the pre…
Fall from grace
Complacency is no friend to capital markets, and neither is incompetent government. Sadly, the government of British Columbia is so riddled with incompetence and scandal that it seems barely to notice…