Metal Prices (May 15, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMay 9May 8May 5May 4Ma…
News
LME WHSE LEVELS (May 15, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 9/00 (change from May 2 in brackets):MetalStock (tonnes)Change…
Virtual mining
The Kemi chromium mine in Finland is the first Intelligent Mine insofar as it is charting the course toward a system in which routine operations are automated and unmanned, machines are remote-operat…
Wayside results set downbeat tone for CDNX
The report period ended May 9 marked a 148.34-point decline as the Canadian Venture Exchange index fell through the 3,500 level to close down 4.1% at 3,449.78. The mining index shed 100.85 points, or …
Tres-Or on PGE bandwagon
An option agreement will enable Tres-Or Resources (TRS-V) to explore for platinum group elements (PGE) near Timmins, Ont.Provided regulators approve the deal, the junior can earn a 100% interest in 19…
EXCHANGE RATES (May 15, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 9May 8…
Blast from the past
Back around 1955, I met up with three Irish prospectors from Noranda in northwestern Quebec. Joe, the vice-president (“in charge of vice,” he’d often say), ran an exploration outfit with the assistanc…
Timmins vows to save headframes
Gold mining and Shania Twain have put Timmins, Ont., on the map in mining and music circles. And yet while the beat goes on for the Timmins songstress, the city’s mining heritage is being eroded by pl…
Dow drops as gold edges higher
The Dow Jones industrial average dropped 194.37 points, or 1.8%, during the report period ended May 9 to close at 10536.75.Spot gold on the Comex division of the New York Mercantile Exchange picked up…
Tan Range attracts interest
Gold exploration companies are having a tough time rekindling investor interest in the current bear market. However, one company that seems to be doing just that is Tan Range Exploration (TNX-V). The …
McWatters adds ounces to new zone at Kiena
A 2-year exploration program by McWatters Mining (MCW-T) at its underground Kiena gold mine in Val d’Or, Que., has delineated significant resources in a new zone northeast of current mine workings.Act…
Glamis buys Cambior’s stake in Cerro San Pedro
Reno-based Glamis Gold (GLG-N) has purchased the Mexican assets of beleaguered Cambior (CBJ-T) for US$7 million.Through its Mexican subsidiary, Cambior controls several companies with exploration and …