River Gold turns quarterly profit
Although earnings are down, River Gold Mines (RIV-T) remains in the black.For the three months ended Sept. 30, the junior earned $306,000 on revenue of $9.3 million, compared with $2 million on $9.9 m…
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Placer boosts Zaldivar stake
Less than a year after it announced plans to divest itself of base metal assets, Placer Dome (PDG-T) has acquired full ownership of the Zaldivar open-pit copper mine in Chile.Placer shelled out US$251…
COMMENTARY – Canada must fight for fairness
Increasingly, Canadians are seeing product bans that discriminate against our mineral exports. The impact on metals markets is serious and is already being felt.Banning, labeling or imposing restricti…
Banff Resources hits snag at Kasese
Faced with technical problems, Banff Resources (BFF-V) has delayed the planned ramp-up at it Kasese cobalt project in western Uganda.Construction of the US$135.4-million cobalt processing plant, which…
Olympus drills Vietnamese prospect
Junior gold explorer Olympus Pacific Minerals (OYM-V) has hit narrow, high-grade gold mineralization in closely spaced drilling at its Phuoc Son property in central Vietnam.The 6-hole program tested f…
Index (November 15, 1999)
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Anaconda sues nickel mine contractor
Australian nickel producer Anaconda Nickel has filed a US$192-million lawsuit against contractor Fluor Daniel, blaming the engineering firm for start-up woes at the US$650-million Murrin Murrin nickel…
Expansion renders Grasberg a titan — Third quarter highlighted by falling production costs
Perched high in the rugged highlands of the Sudirman Mountain range in this Indonesian province is one of the richest and most remote copper-gold mining operations in the world. It may also be the wor…
EuroZinc hits best hole ever at Aljustrel
Drilling by EuroZinc Mining (EZM-T) has confirmed the presence of high-grade mineralization at the Feitais zinc deposit in southern Portugal.The hole, drilled in the newly discovered FS60 zone, hit 25…
Apex completes offering
Two equity offerings by Apex Silver Mines (SIL-X) have raised a combined US$97.1 million, to be put toward construction of the San Cristobal project in Bolivia.In early November, the company announced…
METAL PRICES, Daily Metal Prices (November 15, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateNov. 9Nov. 8Nov. 5Nov. 4…
Hebron Fjord finds anomalies
An airborne magnetic survey has identifed several anomalies at Hebron Fjord’s (HEF-M) gold-copper property in southern Peru.The anomalies occur along a northeasterly trending fault and cut across the …