CORRECTION (July 12, 1999)
In our July 5 report on Seahawk Minerals (SKM-V), the Piteiras property in Brazil was compared with the Muzo artisonal emerald mine in Colombia. Seahawk maintains tight security at Piteiras and has ne…
News
EDITORIAL & OPINION — Production cuts benefit copper market — Hope for base metals
It has been the received wisdom in the copper market that the number and size of the new projects that are coming on stream over the next decade will mean a massive glut of copper. If the price of cop…
Starfield brightens Ferguson Lake picture
Preliminary drilling by Starfield Resources (SRU-A) has confirmed cobalt-platinum-palladium mineralization in two copper-nickel zones at the Ferguson Lake property, 160 km south of Baker Lake in the n…
Fantasma results fail to impress
Pacific Rim Mining (PFG-T) has released disappointing drill results from the Fantasma project in northwestern Argentina.The 7-hole, 1,923-metre program of reverse-circulation drilling focused on the p…
Corriente drilling at Cerro Tasna
Diamond drilling is under way at the Cerro Tasna gold project in southwestern Bolivia.Corriente Resources (CTQ-T) is conducting the 2,000-metre program in an effort to test the main target area, which…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — UK gold sale hits producers
The Dow Jones industrial average jumped 319.77 points, or 3%, during the holiday-shortened report period of June 30-July 6, closing just short of an all-time high at 11,135.12.Britain’s July 6 auction…
Index (July 12, 1999)
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Tahera pulls more diamonds from Contwoyto-1
Based on favourable microdiamond results received from the Contwoyto-1 kimberlite at the Jericho project in Nunavut, Tahera (TAH-T) has decided to take a 35-to-50-tonne mini-bulk sample to determine t…
THE NORTHERN MINER — North American Mining Index (July 12, 1999)
94.45 (-1.43)
THE NORTHERN MINER — Small Producers Index (July 12, 1999)
65.89 (+1.55)
LME WHSE LEVELS (July 12, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 6/99 (change from June 29 in brackets):MetalStocks (tonnes)Change…
Production steady throughout March
Canadian production of primary copper, gold, silver, lead and refined zinc was up between March 1998 and March 1999.However, output of refined copper, nickel and primary zinc was down slightly over th…