Franco-Nevada plans Ken Snyder expansion
The recent upward spike in gold prices has prompted Franco-Nevada Mining (FN-T) to draw up plans to boost production at its new Ken Snyder gold mine in northern Nevada.To boost mill throughput to 1,00…
News
Junior picks up properties
Newcomer Cerro Dorado (CDCH-O) has signed a letter of intent to acquire a controlling stake in three gold properties in northern Chile from Fremont Gold (FGLD-O).Financial pressures forced Fremont to …
LETTER TO THE EDITOR — Bill C-48 jeopardizes marine resources
Bill C-48 proposes to create marine parks in Canadian waters and will affect access to fishing, hydrocarbons and minerals in our seas. It died during the last session in Ottawa but reportedly is about…
PEOPLE — EuroZinc (October 25, 1999)
J.E. Fletcher appointed director.
PEOPLE — Eldorado (October 25, 1999)
P.N. Wright appointed president and CEO.
Northgate buys Kemess
The Kemess gold mine in northern British Columbia, the last remaining asset of defunct Royal Oak Mines, has been sold at last.Northgate Exploration (NGX-T) has agreed to take on the mine and keep it o…
Glamis sees higher production in 2000
By fully integrating the three mines it acquired from its recent merger with Rayrock Resources, as well as additional production from the new San Martin mine in Honduras, Glamis Gold (GLG-N) expects t…
PRODUCER & DEALER PRICES (October 25, 1999)
Antimony: Mid-mkt US$1,165/t.Bismuth: Mid-mkt US$4.65/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65/t.Cobalt: Recent trades US$14.95-17.00/lb.Copper: Comex Dec. US$0.791/lb.Indium: Indiu…
METAL PRICES (October 25, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 19Oct. 18Oct. 15Oct. 14…
Hedge books worry Ashanti, Cambior
The well-publicized troubles of Ashanti Goldfields (ASL-N), whose hedge book reached a negative paper value of US$450 million early this month, appear to be easing as the potential loss shrinks. Ashan…
Union rejects Goldcorp offer
Workers at the Red Lake mine in northern Ontario have rejected Goldcorp’s (G-T) latest offer, prolonging a strike that is now in its third year.The company had offered a termination provision, includi…
MOST ACTIVE ISSUES, OCTOBER 13-19
ExchgVol(000s)HighLowCloseChangeKinross GldT17130…