GOLD FUNDS (August 02, 1999)
Gold Funds as of July 28, 1999BGRCentralNet Value$12.965.47Price$9.10$5.5…
News
CORRECTION (August 02, 1999)
The web site for “GeoCanada 2000: The Millennium Geoscience Summit” is http://www.geocanada2000.com. Incorrect information appeared in our issue of June 21-27.For more information on the meeting, to b…
Falco boosts production
On a tide of higher production levels, second-quarter earnings have pushed Falconbridge (FL-T) back into the black.The company showed a profit of $30.9 million ($28 million, or 16 cents per share, aft…
US seeks alternatives to IMF gold sales
In response to congressional opposition, the U.S. government is seeking alternatives to a plan by the International Montetary Fund (IMF) to sell gold to finance debt relief.Under the IMF proposal, up …
Production down, earnings up for Stillwater
Production difficulties related to an expansion program at its namesake mine in Montana has forced Stillwater Mining (SWC-X) to record a loss for the second quarter of the year.The company intended to…
LME WHSE LEVELS (August 02, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 20/99 (change from July 13 in brackets):MetalStocks(tonnes)Change…
SPOT PRICES (August 02, 1999)
Precious MetalsPrice (US$/oz.)ChangeGold$254.00+$1.10Silver$ 5.15+$0.12…
Companies (August 02, 1999)
Alberta EnergyApex Silver MinesAshton Mining of CanadaBarrick GoldBolidenCamphor VenturesComincoDe Beers Cons. MinesEldoradoExall ResourcesExcellon ResourcesFalconbridgeGlamis GoldGlimmer ResourcesInc…
Shutdowns cost Boliden
Mining companies usually make more money when they are mining, a truth not lost on Boliden (BOL-T). Production shutdowns at the Los Frailes and Myra Falls mines have left the company with a US$31.9-mi…
EDITORIAL & OPINION — ODDS ‘N’ SODS — In the rough
During a recent golf outing, I was asked how long I had been playing and what got me interested in the game. I replied that I was introduced to golf in a rather unusual fashion.Back in 1969, we were p…
MOST ACTIVE ISSUES, July 21-27
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MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow, metals hold steady
The Dow Jones industrial average sustained a minor loss for the report period ended July 27, falling 17.06 points, or 0.2%, to close at 10,979.06.Mining issues were mixed heading into quarterly earnin…