SPC finances Toquepala
Southern Peru Copper (PCU-N) has raised US$30 million, through the sale of bonds, to finance an expansion of the Toquepala open-pit copper mine and modifications to the Ilo smelter.The bonds, due in J…
2000
Kisladag resource base increases
A scoping study on Eldorado Gold’s (ELD-T) Kisladag porphyry gold deposit in west-central Turkey has increased the resource in the proposed open pit to 79.1 million tonnes grading 1.33 grams gold per …
The truth about Hope Bay
With reference to Barry Smee’s interesting letter on the history of Hope Bay area of Nunavut (T.N.M., July 10-16/00), I feel it’s important to set the record straight.The initial efforts by Roberts Mi…
Noril’sk eyes large PGM deposit
By this time next year, Russian mining and smelting giant Noril’sk Nickel plans to start the commercial development of the MS-Gorizont low-sulphide platinum group metals (PGM) deposit in the Taimyr Pe…
Agnico-Eagle posts losses
When gold prices are high, Agnico-Eagle Mines (AGE-T) soars likes an eagle. But when prices are low, the unhedged producer is more earthbound than its peers and invariably pays the piper in red ink.Th…
Safety Society honours its own
Ben Sheppard, who presides over Ben W. Sheppard & Associates in Hayden Lake, Idaho, has won the Safety Professional of the Decade Award. The honour was bestowed on him by the International Society of …
KEGS distributes five scholarships
The Canadian Exploration Geophysical Society (KEGS) has awarded its first five scholarships to undergraduate students enrolled in geophysics at various universities.The scholarship program is part of …
Spot Prices Wed. August 2, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$277.15-$2.25Silver$ 4.96-$0.01…
MOST ACTIVE ISSUES, July 19-25
ExchgVol(000s)HighLowCloseChangeAlcoa*N 10017 32.31 30.19 31.31…
Analyst gives nod to Battle Mountain-Newmont merger Investment Commentary
What’s good for the goose isn’t alway great for the gander. Tanya Jakusconek, gold analyst for National Bank Financial, views the recently announced merger between Battle Mountain Gold (BNG-N) and New…
Phelps Dodge beats estimate
Phelps Dodge (PD-N) posted better-than-expected second-quarter earnings of US$4.5 million (or 66 per share) before restructuring charges and non-recurring items of US$52 million.In late June, the com…
San to drill near Bissett
Winnipeg-based San Gold Resources (SGR-W) has launched a major exploration program on its property near the producing Bissett mine in northern Manitoba.The $500,000 program will consist of basal till …