Metal Prices (August 07, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug. 1July 31July 28July 27…
2000
Potash Corp earnings steady
Thanks to stronger demand for potash and higher nitrogen prices, Potash Corp. of Saskatchewan (POT-T) turned a tidy profit in the second quarter.Net earnings in the three months ended June 30 topped U…
Hope Bay raises $2 million
Hope Bay Gold (HGC-T) has raised $2 million through the private placement of 4.9 million units priced at 41 each. A unit consists of one share and one warrant, with a warrant entitling the holder to …
NDT picks up ground in Peru
NDT Ventures (NDE-V) is preparing to begin a work program at its newly acquired Antana gold project, 80 km from the city of Juliaca in southern Peru’s Puno department.The program will test gold minera…
Silver-resistant bacteria
Although we think of silver as a bacteria fighter, a group of scientists in Sweden has found a bacterium that actually grows silver crystals and stores them on the edges of its cell wall.This discover…
Funds earmarked for BC labs
The Canadian Foundation for Innovation (CFI), an independent, non-profit organization, has pledged $1.25 million to create five research labs at the Department of Mining and Mineral Process Engineerin…
Liqhobong study nears finish
A feasibility study of the Liqhobong diamond project in Lesotho is nearing completion.MineGem (MGEM-C) (formerly Messina Diamond) is focusing on the Satellite kimberlite pipe, which hosts an indicated…
Russian uncertainty pushes palladium to new record
With Russian shipments in question once again, the price of palladium shot up $90 during the July 26-Aug. 1 report period to a record London morning fix of US$855 per oz. on Aug. 2. The metal had slip…
Record production at Sadiola Hill
On the strength of record production at the Sadiola Hill gold mine in western Mali, Iamgold (IMG-T) posted a profit of US$4.7 million (US6 per share) on revenue of US$17.6 million for the three month…
SPC finances Toquepala
Southern Peru Copper (PCU-N) has raised US$30 million, through the sale of bonds, to finance an expansion of the Toquepala open-pit copper mine and modifications to the Ilo smelter.The bonds, due in J…
Kisladag resource base increases
A scoping study on Eldorado Gold’s (ELD-T) Kisladag porphyry gold deposit in west-central Turkey has increased the resource in the proposed open pit to 79.1 million tonnes grading 1.33 grams gold per …
Agnico-Eagle posts losses
When gold prices are high, Agnico-Eagle Mines (AGE-T) soars likes an eagle. But when prices are low, the unhedged producer is more earthbound than its peers and invariably pays the piper in red ink.Th…