Falco boosts production
On a tide of higher production levels, second-quarter earnings have pushed Falconbridge (FL-T) back into the black.The company showed a profit of $30.9 million ($28 million, or 16 cents per share, aft…
1999
US seeks alternatives to IMF gold sales
In response to congressional opposition, the U.S. government is seeking alternatives to a plan by the International Montetary Fund (IMF) to sell gold to finance debt relief.Under the IMF proposal, up …
Production down, earnings up for Stillwater
Production difficulties related to an expansion program at its namesake mine in Montana has forced Stillwater Mining (SWC-X) to record a loss for the second quarter of the year.The company intended to…
LME WHSE LEVELS (August 02, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 20/99 (change from July 13 in brackets):MetalStocks(tonnes)Change…
EDITORIAL & OPINION — ODDS ‘N’ SODS — In the rough
During a recent golf outing, I was asked how long I had been playing and what got me interested in the game. I replied that I was introduced to golf in a rather unusual fashion.Back in 1969, we were p…
Placer halts Turquoise Ridge, finds zone at Pipeline
Some two months after a US$1.1-billion merger with Getchell Gold, Placer Dome (PDG-T) has stopped production and milling at the problem-plagued Turquoise Ridge gold mine northeast of Winnemucca, in no…
EDITORIAL & OPINION — COMMENTARY — Banks need simple gold plan
As the gold mining industry holds its collective breath and peers over the US$250-per-ounce precipice, it is time to ask if the death of a responsible gold mining industry is in your best interest. Us…
EDITORIAL & OPINION — Rumours swirl around gold sales — Fair or foul?
Tony Blair is probably the toniest prime minister Great Britain has ever had. He’s Britain’s answer to Bill Clinton, equally polished and urbane, and equally eager to build that proverbial bridge into…
GREATEST VALUE TRADED, July 21-27
ExchgVal($000s)HighLowCloseChangeAlcoa*N308290…
DIAMOND PAGE — Ashton continues hunt
Sampling of the last two of six kimberlites discovered during winter drilling by Ashton Mining of Canada (ACA-T) on the Buffalo Hills and Birch Mountain properties has yielded no diamonds.Small repres…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS –VSE stagnant as Winspear takes nosedive
The Vancouver Stock Exchange composite index lost 4.97 points, or 1.2%, to close the week ended July 27 at 418.77. The mining index dropped 5.69 points, or 2%, to close at 273.74.Meanwhile, the combin…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold continues its mid-summer slumber
During the July 21-27 report, gold took a baby step back from oblivion, gaining $1.10 to hit US$254 per oz. on the London morning fix of July 28.Each of Canada’s three biggest gold producers posted ga…