DIAMOND PAGE — Drilling under way at Munn Lake
Drills have begun spinning at Munn Lake on the Black Lake diamond project, 100 km south of Lac de Gras in the Northwest Territories.Partners Island-Arc Resources (IAR-V), Kalahari Resources (KLA-V) an…
News
Junior drills in Carlin
Nevada Pacific Gold (NPG-V) has begun drilling on its South Carlin property in Nevada.Initial drilling will test for gold associated with the Rain structural trend, which was projected to cross throug…
MINING MARKETS & INVESTMENT NEWS — Western Markets — Steady as she goes, on Vancouver market
The Vancouver Stock Exchange composite index remained steady during the report period ended Aug. 24, losing only 0.71 of a point, or 0.2%, to close at 406.51. The mining index edged up 0.88 of a point…
LME Warehouse Levels (August 30, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug.24/99 (change from Aug. 17 in brackets):MetalStocks (tonnes)Change…
Greatest Value Traded (August 30, 1999)
August 18-24, 1999CompanyExchgValue ($000s)HighLowCloseChangeAlc…
McWatters slashes costs at Quebec gold mines
McWatters Mining (MCW-T) has rebounded from a difficult first quarter and turned a small profit from its gold mines in Val d’Or, Que.During the 3-month period ended June 30, McWatters earned $863,511 …
DIAMOND PAGE — Winspear tables microdiamond analysis
Microdiamond analysis of material pulled from the NW dyke on the Camsell Lake property in the Northwest Territories indicates that microdiamond counts are constant over the area sampled.The project, s…
Meetings (August 30, 1999)
Aug 30 Blake RiverAug 30 TetraAug 31 AegeanAug 31 Big BlackfootAug 31 GalleriaAug 31 Golden TempleAug 31 JNR Res.Aug 31 Pacific TopazAug 31 Royal RockSept 1 NavasotaSept 3 Line IslandSept 7 GossanSept…
Higher output propels Freeport
Higher production and sales resulted in a second-quarter profit for Freeport-McMoRan Copper & Gold (FCX-N).The company earned US$19 million (or 12 cents per share) during the 3-month period ended June…
Spot Prices (August 30, 1999)
Wednesday August 25, 1999Courtesy of ScotiabankPrecious MetalsPrice (US$/oz.)ChangeGold$253.20- $8.30…
Ken Snyder boosts royalty sisters
By producing their own gold, royalty sisters Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) are realizing higher profits.During the quarter ended June 30, the two companies jointly cranked …
Curragh successor launches suit against Alpha investors
A group of investors that won a 24% stake in the Kassandra property in northern Greece in a 1998 suit for breach of fiduciary duty now finds itself caught between the defendant, TVX Gold (TVX-T), and …