1999


METAL PRICES (May 03, 1999)

BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateApril 27April 26April 23Apri…



DIAMOND PAGE — Caldera flies Pilbara properties

Having been active up to now in South Australia, Caldera Resources (CDR-M) recently completed geophysical surveys on two properties in the Pilbara Block in Western Australia.Caldera, which absorbed pr…


Rio Tinto boosts reserves at Argyle

Rio Tinto (RTP-N) has increased minable reserves at Australia’s largest diamond mine by 45%, extending the life of the operation to 2006 at current mining rates.The reserve boost at the Argyle mine in…


Boliden still bleeding despite cutting costs

With the Myra Falls mine out of production and output reduced at its Ronnskar smelter, Boliden (BOL-T) posted a loss of US$22.9 million for the first quarter of 1999.The loss, amounting to US21 cents …


AG votes in favour of Homestake takeover

Shareholders of Argentina Gold (ARP-V) have voted 99% in favour of an offer by San Francisco-based Homestake Mining (HM-N) to acquire all of the junior’s outstanding shares.Under the proposed arrangem…


Pierina powers Barrick to record quarter

In stark contrast to its struggling peers, industry-leader Barrick Gold (ABX-T) has just turned in its best quarter ever, thanks to a potent combination of soaring production, falling costs and record…


Eldorado tables year-end loss

Cost-cutting programs by Eldorado Gold (ELD-T) failed to offset the damage caused by low gold prices in 1998. The Vancouver-based company tabled a year-end loss of US$121.4 million (or US$1.66 per sha…




Golden Knight shareholders OK merger with Repadre

Shareholders of Golden Knight Resources (GKR-T) have approved a proposed merger with Toronto-based royalty company Repadre Capital (RPD-T).More than 99.6% of shareholders voted in favour of Golden Kni…


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