Kinross throws in towel at Macassa
The Macassa mine in Kirkland Lake, long Canada’s deepest mine and still the country’s deepest gold mine, has closed its doors at the ripe age of 66.The mine’s operator, Kinross Gold (K-T), will contin…
News
Birim targets shallow oxides at Dunkwa
Shallow drilling by Birim Goldfields (BGI-T) at its Mampon gold deposit in Ghana has delineated areas of high-grade gold mineralization.The deposit is part of the Dunkwa concession. Birim had been par…
GREATEST VALUE TRADED (June 21, 1999)
ExchgVal($000s)HighLowCloseChangeAlcoa*N480069…
Hillsborough, Quinsam keep creditors at bay
Hillsborough Resources (HLB-T) and its 63%-owned subsidiary, Quinsam Coal, have been granted creditor protection by the Supreme Court of British Columbia.In a final attempt to restructure its debt, Qu…
Court ruling clears way for appeal in Karpa Springs fraud convictions
Based on new technical evidence brought forward by a Perth mining engineer, three West Australian prospectors have been granted the right to appeal their convictions in the Karpa Springs salting scand…
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Silver shines in 1998
Although economic conditions in 1998 adversely affected other commodities, silver showed resilience through a turbulent year, posting its best price performance in 11 years. Its strength was largely t…
EDITORIAL & OPINION — ODDS ‘N’ SODS — A high old time
During the summer of 1964, Ontario’s Timmins district was the site of the biggest, craziest staking boom in the world. The activity resembled the rushes of the Klondike and California, and the wild ye…
SPOT PRICES (June 21, 1999)
Precious MetalsPrice (US$/oz.)ChangeGold$258.90-$3.10Silver$ 5.01+$0.08…
LME WHSE LEVELS (June 21, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 15/99 (change from June 8 in brackets):MetalStock(tonnes)Change…
Iamgold tables positive results from Yatela
Based on the results of a positive prefeasibility study, partners Iamgold (IMG-T) and Anglogold (AU-N) of South Africa have started financing discussions for the Yatela gold deposit in Mali.The projec…
All that glisters is gold in new Imax film — Canadian production spans globe exploring allure of yellow metal
An Imax film that will have its world premier this month at Science North, in Sudbury, Ont., explores the cultural, economic and historical significance the yellow metal has played in societies throug…
NEWS ROUNDUP — Altavista to drill Philibert property
In mid-June, Altavista Mines (AIA-M) began the first phase of a 5,000-metre drilling program at the Philibert gold property, 50 km southwest of Chibougamau in northern Quebec.The initial phase of 2,30…