Placer Dome posts positive results for 1999
Despite incurring US$95 million in merger and write-down costs, Placer Dome (PDG-T) managed to turn a healthy profit in 1999.North America’s third-largest gold mining company earned US$35 million, (or…
News
Mindoro to explore core projects
Having closed a $350,000 financing and with another $1-million effort in progress, Mindoro Resources (MIO-V) is gearing up to explore three core mineral projects in the Philippines and one core projec…
Newmex Minerals acquires Borealis gold-silver property
Calgary-based Newmex Minerals (NMM-V) has acquired an option to earn a 32% interest in the Borealis gold-siler propery in Nevada’s Mineral Cty.Owned 68% by Nevada-based Golden Phoenix Minerals (GPXM-Q…
Rubicon drilling in Newfoundland
A 2,000-metre, 8-hole drill program on the Point Leamington massive sulphide project in north-central Newfoundland is following up on a base metal target recently discovered by Rubicon Minerals (RMX-V…
Valerie finds new targets in Ecuador
Stream-sediment sampling on the Santa Barbara copper-gold property in Ecuador has outlined widespread gold values over a 10-sq.-km area.Junior Valerie Gold Resources (VLG-V) is earning a half-interest…
Fourth quarter pushes Homestake into black
A strong fourth quarter propelled Homestake Mining (HM-N) to profitability in 1999.The company earned US$4 million (or 2 per share) in the quarter, contributing to income of US$4.9 million (2 per sh…
Radio play lights mining’s dark corners
A 6-part drama about corporate intrigue in the mining industry is set to air on CBC Radio in March and April.Paydirt will be heavy on behind-the-scenes manoeuvring in both the mining and financial sec…
GREATEST VALUE TRADED, Feb. 16-22
Exchg Val($000s)HighLowCloseChangeAlcoa*N 829980 77.44 72.00 72.50 – 1.19…
Gold demand hits new high
Gold demand in 1999 rose more than one-fifth to a record level, buoyed by strong demand in India, Pakistan and the U.S., according to a year-end report by New York-based World Gold Council (WGC).In th…
The Emerald mine remembered
With its open location atop Iron Mountain, the Emerald mine, near Salmo, B.C., was subject to the area’s severe weather and frequent storms.A tramline connected the mine on the mountain with the mill …
Anglo to carry Rubicon at Ontario project
I am writing in reference to your short article on the Rubicon-AngloGold letter-of-intent to form a joint venture to explore Rubicon’s Red Lake project in northwestern Ontario (T.N.M., Feb. 14-20/00)….
Metal Prices (February 28, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateFeb. 22Feb. 21Feb. 18Feb. 17…