Miners advance without gold
The Dow Jones industrial average gave up the ground it recently gained, losing 393.70 points, or 3.5%, to close the reporting period April 26-May 2 at 10,731.12.Gold issues sparkled despite a drop in …
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MOST ACTIVE ISSUES, April 26-May 2
Volume(000s)HighLowCloseChangePlacer Dome…
Metal Prices (May 08, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)Aluminium1453.50/1479.50Holiday1455/1485…
Deep inside the Pioneer
I once accepted an invitation to tour the Pioneer underground mine in British Columbia; it was my first experience with a shaft operation.Mac Hunt and I left the mine dry and crossed the access road t…
Toronto Stock Exchange Indices (May 08, 2000)
— 2000 –DateMay 2May 2…
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…
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’…