Pierina boosts Barrick
Plenty of low-cost gold from the new Pierina mine in western Peru was the foundation of a good quarter for Barrick Gold (ABX-T), which posted a US$84-million profit on revenue of US$373 million.The pe…
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GOLD FUNDS (August 09, 1999)
Gold Funds as of July 29, 1999BGRCentralNet Value$12.965.59Price$9.10$5.5…
OBITUARY (August 09, 1999)
Georges DumontGeorges Dumont, one of the country’s premier minefinders, has died in Val d’Or, Que. He was 87.Born in St. Anselme, near Quebec City, in 1911, Dumont graduated with a degree in engineeri…
Index (August 09, 1999)
CareersClassifiedDiamond PageDrillersEditorialFacts’n’FiguresGeology 101Market PlaceMetal PricesMining Markets & Investment NewsObituaryProfessional DirectoyStock MarketSubscription Services…
SPOT PRICES, Wednesday August 4, 1999
Precious MetalsPrice (US$/oz.)ChangeGold$257.50+$3.50Silver$ 5.20+$0.05…
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Asian flu hits titanium markets
The past two years have seen the titanium minerals and titanium oxide pigment industries affected by significant consolidation among producers and end-users.A rash of acquisitions in the paint industr…
Meetings (August 09, 1999)
Aug. 3 Golden SitkaAug. 3 Redbird GoldAug. 4 BarraAug. 5 Flame Petro-MineralsAug. 5 Int’l DunlapAug. 5 IrianaAug. 6 Cons. BeaconAug. 6 Oliver GoldAug. 6 TrincanaAug. 9 CypressAug. 9 Northern StarAug. …
Hedging keeps Cambior in black
Despite lower production, Montreal-based Cambior (CBJ-T) remained in the black during the second quarter, owing to a successful gold-hedging program.The company earned US$100,000 on revenue of US$80 m…
Battle Mountain reports mixed quarter
Although Battle Mountain Gold (BMG-N) achieved all of its production goals in the second quarter, weak gold prices prevented the Houston, Tex.-based miner from realizing a profit.The loss amounted to …
TSE INDICES (August 09, 1999)
1999Aug. 3Aug. 2Jul. 30Jul. 29Jul. 28HighLowCompo…
Greenstone in default
Having recently defaulted on debt payments, Greenstone Resources (GRE-T) is engaged in discussions with its bondholders and lenders aimed at recapitalizing the company and ensuring its ability to cont…
Canmine aims to acquire plant
The problem-plagued Cobatec hydrometallurgical plant and refinery near Cobalt, Ont., is about to change hands.Canmine Resources (CMR-T) plans to buy the cobalt-nickel processing plant for $6.1 million…