Correction (April 10, 2000)
Imperial Metals (IPM-T), owner of the Similco mine, and Leader Mining (LMN-V) have signed an agreement-in-principle for the sale of that operation to Leader. Under current ownership, Similco is not sc…
2000
Coeur expands resources
Coeur d’Alene Mines (CDE-N) has increased resources at both of its mines in Chile.At the Petorca mine, an underground gold-silver producer near Santiago, the company added 76,000 gold-equivalent ounce…
Antamina overshadows progress at Spence
While engineering, procurement and construction continue at the Antamina copper-zinc project in Peru, Rio Algom (ROM-T) is forging ahead with a full feasibility study for its wholly owned Spence coppe…
Metal Prices (April 03, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMar. 28Mar. 27Mar. 24Mar. 23…
Ontex enhances Cherbourg
Drilling by Ontex Resources (ONT-T) at the Cherbourg property, west of Geraldton, Ont., indicates gold mineralization at depth below some previously known gold zones.Ontex, currently earning a 60% int…
Gold crumbles on French scare
The Dow Jones industrial average edged up 28.77 points, or 0.2%, to 10,936.11 during the report period ended March 28, while the spot price of gold eroded to US$279.20 on the Comex division of the New…
Resource stocks fail to ride broad market wave
The March 22-28 report period proved to be a volatile one, with the Toronto Stock Exchange 300 index passing the 10,000 mark for the first time ever on March 23 — only to slip to 9,922.85 by the week…
CDNX loses ground in wobbly week
Canada’s junior exchange lost ground during the report period ended March 28, posting a loss of 27.85 points, or 0.6%, to finish the week at 4,377.04. The mining index followed suit, dropping 44.67 po…
Tenke finds more targets
An induced-polarization survey over the central portion of the Vicuna gold property in Argentina has enabled Tenke Mining (TNK-T) to identify two major resistivity anomalies.Corresponding with the pre…
Eldorado reports profits
A 75% reduction in exploration spending, combined with higher operating efficiencies at its two producing mines, helped Eldorado Gold (ELD-T) post a profit of US$5.4 million (or 7 per share) in 1999,…
Namco boosts ODM’s diamond output
Less than six months after its US$60-million takeover of Ocean Diamond Mining (ODM), marine diamond miner Namibian Minerals (NMR-T) reports a 30% increase in production from ODM’s operations off the c…
Kerr output eclipses Hollinger’s
In 1949, production at the Kerr Addison gold mine in Ontario surpassed that of Canada’s largest gold producer, the Hollinger mine, near Timmins, Ont. The mine produced 286,000 oz. worth $10.7 million …