Surging Gold Prices Burn a Few Unlucky Mining Firms
November 1999 by Associated PressThe extraordinary rebound in gold prices is claiming some unlikely victims—a few of the gold mining companies themselves.
The bright green rocks jutting through the prairie soil were hard to miss, but Tom Charlton still couldn’t believe his eyes. It was kimberlite, the molten rock in which diamonds are found, and preliminary tests had yielded a microscopic diamond.
Also in the good news category, the current administration has taken many of our recommendations regarding much-needed regulatory relief to heart.
The one he’s rolling around in his fingers is nice—5.23 carats, nearly the size of a marble, pure and white. But the diamond that Alphonse Ngoyi Kasanji is talking about is the big one—the one that got taken away.
Centrifugal bowls are very efficient, and with proper operation they can consistently achieve gold recoveries above 95% with gold of about 50 mesh size.
As we have noted through the years, perhaps the most direct, single influence on the future of gold and silver is their monetary opposite—currencies in general, the US Dollar in particular.
• More roadblocks in southern California
• Greater Sage-grouse withdrawals
The Bawl Mill • USPS Delays ICMJ Delivery at Oakland, CA Processing Center • Another Gold Heist Reported at Nome • No Need to Rewrite Mining Regs, NAS Study Confirms • BLM Filing Requirements for Small Miners' Waiver • Asarco Accepts Phelps Dodge Buyout • Once Lonely, Mojave Desert Phone Now World's Companion • Judge Blocks Road Protest • Company to Sue Over Stymied Gold Mine • No Mining / Logging on 40 Million Acres • Catastrophism vs. Uniformitarianism • 1st Annual Placer County Open Gold Panning Championships—1999 • Picks & Pans: The Ten-Pennyweight Nugget • Mining in Sonora, Mexico • Pullin' the Pin • Land of Golden Dreams—California in the Gold Rush Decade • Cerro Colorado Silver, Arizona • Progressive Privy Program Proved Popular • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices • Looking Back