Nevada gold output falls
Last year, the Nevada mining industry saw gold production fall for the first time since 1995.Between 1999 and 1998, amidst falling gold prices and production costs, gold production in the state fell t…
2000
Expatriate resumes drilling
Exploration drilling by Expatriate Resources (EXR-V) is testing the WOL and Goal Net properties in the Finlayson Lake region of the Yukon Territory. In the meantime, the company is examining the feasi…
Spot Prices Wed. October 11, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$273.00+$1.70Silver$ 4.89 $0.00…
Cumberland adds deposit to Meadowbank
Drilling at the Meadowbank gold project, in Nunavut, has prompted Cumberland Resources (CBD-T) to initiate a resource estimate for the newly discovered Vault zone.The zone, situated 5 km northeast of …
Consolidation, hedging dominate Denver gold show
Delegates at Mining Investment Forum 2000, sponsored by the Denver Gold Group, were in general agreement that the gold sector would benefit from further consolidation.Over the past several months, two…
Miners hit in weak market
Despite a late surge in the price of gold, mining stocks were battered, along with the rest of the market, for the week ended Oct. 10. The Dow Jones industrial average slumped 195.35 points, or 1.8%, …
Gold Funds (October 16, 2000)
Gold Funds as of Oct 5, 2000Dynamic MutualCentral FundNet Value$12.28$5.41Price$7.40…
Technology sector pulls down CDNX
A 6.5% drop in the technology sector, combined with a 1.6% slide in the mining index, pulled the Canadian Venture Exchange down during the holiday-shortened report period ended Oct. 10. The CDNX compo…
VBN buyback hits snag
Inco’s (N-T) recently announced buyback of shares of Voisey’s Bay Nickel (VBN) has drawn fire from a group of New York-based investors. The group described the offer as “unfair” and urged holders of V…
LME Warehouse Levels (October 16, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 10/00 (change from Oct. 3 in brackets):MetalStock (tonnes)Change…
GREATEST VALUE TRADED, Oct. 4-10
ExchgVal($000s)HighLowCloseChangeAlcoa*N 612535 29.62 26.25 29.56 + 2.62…
Metal Prices (October 16, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 10Oct. 9Oct. 6Oct. 5…