Placer Dome bucks trend by boosting earnings
Despite low gold prices, Placer Dome (PDG-T) generated stronger cash flow and improved earnings in the 3-month period ended June 30.With production costs reaching a new low of US$150 per oz., includin…
News
Drilling expands Nevada complex
Indications are that extensive drilling at the Battle Mountain complex in northern Nevada could result in a significant reserve increase for owner Battle Mountain Gold (BMG-N).The Houston, Tex.-based …
LME WHSE LEVELS (August 10, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug.3/98 (change from July 27 in brackets):MetalStocks(tonnes)Change…
PRODUCER & DEALER PRICES (August 10, 1998)
Aluminium: LME settlements US$1,292, alloy US$1,155 per tonne (Aug. 4/98).Antimony: Representative mid-market US$1,280 per tonne (Aug. 4/98).Bismuth: Representative mid-market US$3.55 per lb. (Aug. 4/…
Anaconda to produce uranium in Portugal
Toronto-based Anaconda Uranium (ANU-V) will join a subsidiary of a Portuguese state mining company in developing and mining the Nisa uranium deposits in southern Portugal.The Nisa project consists of …
Newfoundland’s mineral shipments increase
The total value of mineral shipments from Newfoundland and Labrador is expected to total $1.02 billion this year, up from the 1997 preliminary total of $1.01 billion.Shipments of industrial minerals s…
MINING MARKETS & INVESTMENT NEWS — QUERY — Inmet offers to buy back shares
Based on the advice of CIBC Wood Gundy, the board of Inmet Mining (IMN-T) is urging shareholders to tender to the company’s recent offer to buy back up to 65 million of its shares at a 28% premium to …
PEOPLE — Westone Ventures
Duncan Bain and N.R. Newson appointed directors.
PEOPLE — Star Res.
Philip Mount and Patrick Glazier appointed directors.
METAL PRICES — Daily Metal Prices (August 10, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices in US$ per tonne)DateAug. 4Aug. 3July 31July 30…
GREATEST VALUE TRADED (August 10, 1998)
ExchgVal($000s)HighLowCloseChangeBarrick GoldT169…
PEOPLE — Southern Mineral
Jeff Arsenych and David Beckwermert appointed directors.