SPOT PRICES, Tues. July 6, 1999
Precious MetalsPrice (US$/oz.)ChangeGold$256.20-$4.60Silver$ 5.18+$0.03…
News
GOLD FUNDS (July 12, 1999)
Gold Funds as of June 30, 1999BGRCentralNet Value$13.205.49Price$9.00$5.2…
Blasting course set for Nevada
A 2-day course on blasting will be held from Sept. 30 to Oct. 1 at the Hilton Hotel in Reno, Nev.Entitled “Blast Design and Assessment for Surface and Underground Mines,” the course emphasizes blast d…
EDITORIAL & OPINION — COMMENTARY — Understanding TRI
Beginning July 1, the metal mining industry in the United States was required to file reports according to the federal Toxics Release Inventory (TRI) program. The biggest challenge for the industry, h…
Viceroy continues to advance Gualcamayo
Viceroy Resource (VOY-T) is nearing completion of its exploration program at the Gualcamayo gold project in the Argentine province of San Juan.The company can earn a 60% interest in the project from M…
Boliden restarts milling at Los Frailes mine
Two months after mining resumed, Boliden (BOL-T) has restarted milling operations at its Los Frailes open-pit zinc mine near Seville, Spain.The company says its plant has achieved a steady state of op…
Manhattan enhances Tambo Grande (July 12, 1999)
Drilling on the previously untested TG-3 geophysical gravity anomaly at the Tambo Grande project in northern Peru has intersected massive sulphides.Manhattan Minerals (MAN-T) reports that the first dr…
Ekati mine surpasses expectations
The Ekati diamond mine in the Northwest Territories is operating at full capacity of 250,000 carats per month, with 308,000 carats having been produced in May alone.BHP Diamonds, a subsidiary of Broke…
Phelps Dodge slashes production (July 12, 1999)
Following a host of mine closings in the copper industry, Phelps Dodge (PD-N) has announced production cuts and restructured its wire and cable business.The Phoenix, Ariz.-based company plans to decre…
Major General eyes Spider Lake
Junior Major General Resources (MGJ-V) continues to search for polymetallic mineralization at its Spider Lake project in northwestern Ontario.Efforts are focused on a high-chargeability and low-resisi…
Newmont Mining follows Yamana Resources to Paraguay
Newmont Mining (NEM-N) has signed an agreement with Yamana Resources (YRI-T) to begin exploring for gold in Paraguay.The major will spend US$5 million over six years to earn a 70% interest in the Para…
TVX-Normandy JV gets thumbs-up
TVX Gold (TVX-T) and Normandy Mining (NDY-T) have formed a joint venture to explore for gold in the Americas.The partnership, announced in April (T.N.M., May 3/99), sees the creation of TVX Normandy A…