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$80 m…
News
METAL PRICES (August 09, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateAug. 3Aug. 2July 30July 29…
EDITORIAL & OPINION — GEOLOGY 101 — Redbed copper deposits, Part 1
As their name suggests, red-bed copper deposits form in red host rocks. The red colouration is actually rust, which is oxidation formed after the rock’s exposure to the atmosphere.The two types of red…
PRODUCER & DEALER PRICES (August 09, 1999)
Antimony: Mid-mkt US$1,195/t.Bismuth: Mid-mkt US$3.60/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Recent trades US$60.00-90.00/t.Cobalt: Recent trades US$18.50-20.20/lb.Copper: Comex Sept. US$0.756/lb.In…
No Headline (August 09, 1999)
,HLME WHSE LEVELSMetal stocks (in tonnes) held in London Metal Exchange warehouses at Aug. 3/99 (change from July 27 in brackets):MetalStocks(tonnes)Change…
George Lake project gets new lease on life
Unable to go it alone, Kit Resources (kit-) has enlisted the aid of Kinross Gold (K-T) to develop its George Lake gold project near Bathurst Inlet in Nunavut.Touted as one of the largest undeveloped p…
Buchans area heats up
Rumours about a major new base metal discovery in the Buchans area of central Newfoundland are rumours still, but activity in the area suggests there may be some substance to the buzz.The stories have…
Careers (August 09, 1999)
Mount Polley Mining Corporation has an opening for a PERSONNEL AND SAFETY CO-ORDINATOR at the Mount Polley Mine located east of Williams Lake near Likely, BC.This position reports to the Mine General …
Miramar sues American Eagle
Since the departure of former chairman Walter Berukoff, affiliated companies Miramar Mining (MAE-T) and Northern Orion (NNO-T) have been reviewing options to enhance shareholder value.Northern Orion h…
Triex resumes Minnitaki drilling
The discovery of gold anomalies has induced Triex Resources (TIE-V) to carry out a 10-hole, 1,500-metre drill program at its Minnitaki property in the Sioux Lookout region of northwestern Ontario.Seve…
Cancor tests Gemini project
Junior Cancor Mines (KCR-M) has identified two additional drill targets at its Gemini base metal project in northwestern Quebec.Two massive sulphide lenses rich in zinc and copper have been defined. T…
Bema tables new production estimate for Refugio
Improved mining methods and new processing equipment will boost gold production at the Refugio gold mine by 30,000 oz. per year, according to new estimates by equal partners Bema Gold (BGO-T) and Kinr…