Companies (July 19, 1999)
Adikann GoldfieldsAfrioreAlmaden ResourcesAnglo American Aquest MineralsAvalon VenturesBarrick GoldBlack Hawk MiningBreakwater ResourcesCamphor VenturesCons. Trillion ResourcesCumberland ResourcesDe B…
Placer Dome Inc
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold reaches 20-year lows during summer slump
Gold prices touched new 20-year lows during the July 7-13 report period, losing 60 cents to hit US$255.60 per oz. on the London morning fix ofJuly 14.Although there was relatively little activity in t…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Base metal majors buoyed by copper prices
Copper was the big story during the June 30-July 6 report period, with prices shooting up 5 cents, to 75 cents per lb., in response to a series of cutbacks in copper mining and smelting operations in …
INVESTMENT COMMENTARY — Mini-tenders hit the mining industry
It’s hard to imagine why any investor would sell shares at discounted prices when they could easily realize better prices on the open market. Yet enough are selling to keep a Phoenix-based firm busy e…
Partners hit sulphides at Duck Pond
The first two infill holes drilled at the Duck Pond base metal project, southeast of Buchans, Nfld., have intersected sulphide mineralization over substantial widths.The drilling program, mounted by j…
Companies (July 05, 1999)
Aegean GoldAgnico-Eagle MinesAnglogoldAsarcoAthlone MineralsAthlone ResourcesAurizon MinesBarrick GoldBattle Mountain GoldBema GoldBlack Hawk MiningBolivar GoldfieldsBroken Hill Proprieta…
Careers (July 05, 1999)
PricewaterhouseCoopers – Join us. Together we can change the world.PricewaterhouseCoopers (http://www.pwcglobal.com) is the world’s largest professional services organization. Drawing on the knowledge…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Listless gold eclipsed by rebounding base metals
Gold prices continued to languish below the US$260 mark during the June 16-22 report period, slipping 20 cents over the week to US$258.70 per oz. on the London morning fix of June 23.Gold’s woes dragg…
NEVADA & THE WESTERN STATES — Getchell, Placer complete merger — Full capacity projected at 800,000 oz. per year
In a deal valued at US$1.1 billion, shareholders of Getchell Gold (GGO-X) have agreed to merge with Placer Bullion Acquisition, a wholly owned subsidiary of Placer Dome (PDG-N).The merger is the resul…
Boliden charged, Placer fined following accidents
Boliden Westmin has been charged under British Columbia’s mines safety code following an accident at its Myra Falls underground operation in October 1998 in which a miner was killed.Richard Nadeau was…
Vengold reduces Lihir stake
To alleviate its US$115-million debt load, Vengold (VEN-T) has sold 25 million shares of Lihir Gold (LIHRY-Q).The proceeds, which tally to about $25 million (Australian), will reduce Vengold’s outstan…
NEVADA & THE WESTERN STATES — Placer, Kennecott keep production in the Pipeline
The Pipeline gold mine in Nevada’s Crescent Valley is to Placer Dome (PDG-T) what the Goldstrike property is to Barrick Gold — a production cornerstone.The mine is owned, on a 60-40 basis, by Placer …