The party came to an abrupt end during the Oct. 20-26 report period as gold nosedived US$19.35 to hit US$290.40 per oz. on the London morning fix of Oct. 27.During the last week of October, most of th…
With improving production costs and the discovery of new mineralized zones, the revived Greens Creek mine in Alaska is securing its position as one of the largest silver mines in the U.S.Situated on A…
The Dow Jones industrial average slipped 97.2 points, or 0.01%, during the report period ended Oct. 26 to close at 10,302.13.Mining issues tumbled as gold continued its fall to US$288.90 on the Comex …
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 26Oct. 25Oct. 22Oct. 21…
Although base metals and gold prices are showing signs of strength, budget increases usually lag behind improved metal prices by a year.Exploration spending will continue to drop in the near term, but…
C.O. “Chuck” Brawner, a civil engineer with extensive experience in rock mechanics, has received the R.F. Leggat Award for his contributions to the field of geotechnical engineering.The award was pres…
Two employees of the Canadian branch of British-based engineering firm Kvaerner have been named to the Russian Academy of Mining Sciences for their contributions to that country’s mining industry.Vice…
A report in our Oct. 28 issue states that St Andrew Goldfields (SAS-T) intends to earn a majority interest in the Timmins gold project of Holmer Gold (HGM-T). In fact, the agreement only covers the pr…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 26/99 (change from Oct. 19 in brackets):MetalStock(tonnes)Change…
The Chinese government has upgraded its Mining Code in an attempt to lure more foreign investors, but mining firms remain critical of a component that prohibits gold hedging.The changes allow foreign …
Wednesday October 27, 1999Precious MetalsPrice (US$/oz.)ChangeGold$290.40-$19.35Silver…
Asarco (AR-N) has terminated its merger agreement with Phelps Dodge (PD-N) and paid the required US$30-million breakup fee. The New York, N.Y.-based copper producer has instead accepted a cash proposa…
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