Mining: the year in review
Nineteen ninety-nine was both difficult and disappointing for British Columbia’s mining industry: two mines closed and no new mines were opened. Moreover, mineral exploration spending plummeted dramat…
2000
Potash Corp. of Saskatchewan sets new quarterly record
Record demand for potash and the sale of the Moab mine in Utah translated into an exceptional first quarter for Potash Corp. of Saskatchewan (POT-T).Earnings in the three months ended March 31 topped …
Drilling resumes at Meadowbank gold project
A staged $1.5-million program of drilling and surface exploration is under way at the Meadowbank gold property, near Baker Lake, Nunavut.Cumberland Resources (CBD-T) is focusing on showings discovered…
Battle Mountain Gold posts stronger quarter
Higher production made it possible for Battle Mountain Gold (BMG-N) to post a smaller loss in the recent first quarter than in the corresponding period of 1999.The company incurred a net loss of US$3….
Carrington to speak at BC Mining Week
John Carrington, vice-chairman of Barrick Gold, will be the keynote speaker at Mining Week 2000, to be held May 7-14, in Vancouver, B.C.His presentation, titled Mining for the future: much to gain, mu…
Copper, nickel show life signs while gold remains in doldrums
The report period April 24-28 was an encouraging one for the main stars of the London Metal Exchange (LME).Despite more wobbles in both equity and bond markets, copper and nickel climbed away from rec…
Red Dog drives Cominco
Higher operating profits at the Red Dog mine and the Trail smelter allowed Cominco (CLT-T) to reduce its debt considerably in the first quarter.Cash flow during the 3-month period was $91 million (or …
NAME CHANGES (May 08, 2000)
Sand River Resources (SRL-V) has changed its name to Rio Fortuna Exploration (RFT-V) on a 1-new-for-7-old-share basis.
Corriente explores new copper district Investment Commentary
A junior company must have something out of the ordinary in order to attract the attention of mining analysts and investors in these tough times. Fitting that bill is Corriente Resources (CTQ-T), whic…
EVENTS (May 08, 2000)
May 8-13 McGill University (Dept. of Mining and Metallurgical Engineering) — “Geostatistical Simulations for the Mining Industry.” Frank Dawson Adams Building, Montreal, Que. Contact Norma Porcyshyn….
Yanacocha boosts Newmont Snap Lake
Higher-than-expected production from its operations in Peru and Nevada should leave Newmont Mining (NEM-N) with 4.7 million equity ounces of gold for the current year.On the strength of a 60% boost in…
General Minerals produces Bolivian silver
General Minerals (GNM-T) has commenced production at the Atocha silver mine in west-central Bolivia.A custom mill in Oruro processed the first 1,879 tonnes of ore, which averaged 627 grams silver per …