METAL PRICES (December 27, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateDec. 21Dec. 20Dec. 17Dec. 16…
News
Resource stocks climb on backs of stronger Metal Prices
Ending three consecutive weeks of losses, gold jumped $7.15 during the Dec. 15-21 report period to land at a London morning fix of US$287 per oz. on Dec. 22. The yellow metal had been suffering a bout…
Laguna expands holdings
Laguna Gold (LGC-T) will issue 35 million shares and 4.9 million 3-year share purchase warrants (priced at US4 each) to acquire 2,550 sq. km in Mexico from Monrovia and 6,270 sq. km in Colombia from …
Due diligence under way at Canatuan
TVI Pacific (TVI-T) has completed a 5-hole drill program at its Canatuan polymetallic project in the Philippines.The best results from the recent program were obtained from hole 1, which returned 8.5 …
Teck eyes Potter mine property
A letter agreement with Millstream Mines (mlsm-c) sets the stage for diversifed producer Teck (tek-t) to acquire all or part of the Potter polymetallic property, near Timmins, Ont.Teck has agreed to p…
EVENTS (December 27, 1999)
Jan. 25-28 B.C. & Yukon Chamber of Mines — “Cordilleran Geology and Exploration Roundup.” Hotel Vancouver, Vancouver, B.C. Tel: (604) 681 5328.Feb. 8-10 Int’l Investment Conferences — “Investing in …
World Wide acquires Dafang prospect
Libra Gold, the exploration subsidiary of World Wide Minerals (WWSS-C), has acquired Princess Resources’ (PRL-V) 51% interest in the Dafang gold-silver project in China’s Hunan province.World Wide’s C…
Converse drill results mixed
Drilling at the Converse gold project in Nevada has returned lacklustre results for Cameco (CCJ-T) and Romarco Minerals (R-T).At Converse, the companies, together with 50% joint-venture partner Newmon…
Noranda may drop Caber
Low metal prices are forcing Noranda (NOR-T) to reconsider its participation in the Caber zinc-copper-silver project near Matagami, Que.The major can earn up to 70% interest in the property from South…
Wheaton River nabs Red Mountain
North American Metals (NAM-V), which is 89%-owned by Wheaton River Minerals (WRM-T), has agreed to buy the Red Mountain gold project of defunct Royal Oak Mines for $413,360.Situated in northwestern Br…
Grupo Mexico plans asset sale to pay off debt
Having borrowed US$817 million from Chase Manhattan Bank to acquire Asarco, Groupo Mexico is liquidating non-core assets to cover that debt and beef up its bottom line.As a first step, the Mexican cop…
Miramar Mining buys half of Hope Bay gold project
Miramar Mining (MAE-T) has gained a half-interest in the Hope Bay gold project in Nunavut from Cambiex Exploration (CBX-T).Miramar will act as operator during the feasibility and development phase, wh…