PEOPLE (March 13, 2000)
Cornerstone — Timothy Froude appointed manager of exploration.Niko — John Koch appointed vp operations.Ontex — Charles Harnick, Peter Clute and Laurence Marsland appointed directors.
2000
Improved price buoys SPC
Higher copper prices lifted fourth-quarter earnings for Southern Peru Copper (PCU-N) in 1999.The company posted net earnings of US$9.7 million (or 12 per share), compared with earnings of US$3.4 mill…
Partners bullish on Barra Grande potential
A second phase of drilling by Trans Hex International (THI-T) suggests that the Barra Grande property in eastern Brazil may host millions of cubic metres of diamond-bearing gravels.Barra Grande compri…
LME WHSE LEVELS (March 13, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Mar. 7/99 (change from Feb. 29 in brackets):MetalStock(tonnes)Change…
Abiting buys Hammerdown
Vancouver-based Major General Resources (MGJ-T) has completed the sale of its Hammerdown-Rumbullion gold deposit, in central Newfoundland’s Springdale-King’s Point mining district.The buyer, privately…
Teck boosts stake in San Nicolas
Teck (TEK-T) has agreed to acquire an additional 25% carried interest in the San Nicolas copper-zinc deposit in Mexico’s Zacatecas state. In return, it will pay 1.8 million of its Class B shares to th…
US draws down silver stocks
In 1999, the U.S. Mint consumed nearly 10.3 million oz. silver for coins, dramatically reducing stocks of silver from the country’s reserve of strategic metals, the National Defense Stockpile, reports…
No Headline (March 13, 2000)
Homestake boostsVeladero resource
Ongoing drilling by Homestake Mining (HM-N) on its 60%-owned Veladero property in northwestern Argentina has increased the gold resource by 39% to 7.8 million contained ounces.The increased resource i…
Aur spurns Cambior to buy Chilean mine
Spying a better opportunity in Chile, Aur Resources (AUR-T) has withdrawn its merger proposal with beleaguered Cambior (CBJ-T) to pick up a controlling stake in the Quebrada Blanca copper mine from Co…
Coeur sees production drop
Lower silver and gold production resulted in a net loss of US$38.9 million (or $1.61 per share) for Coeur d’Alene Mines (CDE-N) in 1999, compared with a loss of US$244.8 million ($11.81 per share) in …
Great Basin expands Ivanhoe (March 13, 2000)
Results from ongoing drilling at the Ivanhoe gold project in Nevada have increased the strike lengths of the Clementine and Gwenivere gold-bearing vein systems to 1,800 ft.Great Basin Gold (GBG-V) rep…