Eldorado stays on track during first quarter
In the first quarter of 2000, Eldorado Gold (ELD-T) racked up a US$1-million profit and continued to reduce its outstanding debt.The company’s goal is to produce 185,000 oz. of the yellow metal at a t…
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EVENTS (May 01, 2000)
May 7-14 Mining Association of B.C. — “Mining Symposium 2000.” Hyatt Regency Hotel, Vancouver, B.C. Tel: (604) 681-4321, ext. 117. Fax: (604) 681-5305. Web site: http://www.mining.bc.caMay…
EuroZinc resumes work
With new geophysical data in-hand and the Feitais zinc deposit still open to expansion, EuroZinc Mining (EZM-V) is about to launch a 5,000-metre drill program at the Aljustrel massive sulphide project…
MEETINGS (May 01, 2000)
May 1 Britannia — general, extraordinaryMay 1 Fieldex — specialMay 1 Redwood — annual, generalMay 2 Diamondex — annualMay 2 Inmet — annual…
Producer and Dealer Prices (May 01, 2000)
Antimony: Mid-mkt US$1,095/t.Bismuth: Mid-mkt US$3.90/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US…
50 YEARS AGO/MAY 1950
Base metals soar on demandBase metal prices were the highest ever, staying “in line with the buoyant state of business activity,” including record U.S. steel production and housing construction. Price…
Romios hits high grade in Nevada
Drilling by Romios Gold Resources (RGRI-C) has intersected high-grade mineralization at the Scossa property, 6 miles from the producing Rosebud gold mine in Nevada’s Pershing Cty.To date, seven holes …
Mazarin’s Lac Knife poised to become New Economy mine
If Jacques Bonneau has his way, Mazarin Mining (MAZ-T) will join the highly touted New Economy without leaving the mining business. The Quebec-based company recently unveiled plans to provide graphite…
Russian diamond sector makes headway
Diamond giant DeBeers Consolidated Mines has submitted a proposal for a feasibility study for what could become the world’s largest diamond mine.The Lomonosov project, in the Arkangel’sk region of nor…
Aur buys stake in Quebrada Blanca mine
Cominco (CLT-T) and Teck (TEK-T) have reached an agreement with Aur Resources (AUR-T) for the sale for their combined 76.5% interest in the Quebrada Blanca copper mine in northern Chile.Comi…
Breakwater grows again with acquisition of mines Investment Commentary
What a difference a decade makes. Breakwater Resources (BWR-T) didn’t have an easy time breaking into the zinc business during its first attempt in the late 1980s. Now it’s winning accolades from mini…
Rio Algom polishes performance
Rising copper output and lower costs resulted in a strong first quarter for Rio Algom (ROM-T).For the first three months of 2000, the Toronto-based company posted net earnings of $15 million (or 16 p…