Final holes at Duck Pond confirm resource
The last six holes drilled on the Duck Pond polymetallic property in central Newfoundland have confirmed the results of earlier drilling, while offering hope that the resource may be larger than earli…
News
PRODUCER & DEALER PRICES (September 06, 1999)
Antimony: Mid-mkt US$1,215/t.Bismuth: Mid-mkt US$3.90/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65/t.Cobalt: Recent trades US$18.60-20.00/lb.Copper: Comex Sept. US$0.777/lb.Indium: Indi…
Fancamp makes discovery
An early-stage gold discovery has Fancamp Resources (FNM-V) hopeful of the potential of its newly acquired Kourouba concession in the Kalana region of southwestern Mali, 90 km south of the capital cit…
OBITUARIES (September 06, 1999)
Mervyn Arthur UphamMervyn Upham, who earned a place in the Canadian Mining Hall of Fame for his part in developing 22 mines in this country, has died following a lengthy illness. He was 82.Born in Bay…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Normandy executives boost holdings
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:Aurado Exploration (AEO-T) — Paul Conroy, director, sold 88,500 shares indi…
MOST ACTIVE ISSUES, August 25-31
ExchgVol(000s)HighLowCloseChangeInco LtdT9442…
MINING MARKET & INVESTMENT NEWS — U.S. MARKETS — Miners mixed as metal prices rise
The Dow Jones industrial average came off its high with four consecutive days of losses amid further fears about interest rates. The market was down 454.02 points, or 4%, to close at 10,829.28 for the…
MINING MARKET & INVESTMENT NEWS — WESTERN MARKETS — VSE dozes in dog days of summer
The Vancouver Stock Exchange composite index edged up 1.37 points to close the report period ended Aug. 31 at 407.88. The mining index slipped 1.93 points, or 0.7%, to finish the week at 272.36. The c…
MINING MARKET & INVESTMENT NEWS — EASTERN MARKETS — Broad market takes hit as metal prices improve
Growing concern of another interest rate hike south of the border crossed over to the Toronto Stock Exchange, causing the TSE’s 300 index to plunge 198.99 points during the report period Aug. 25-31. T…
Greystar sinks more holes
Junior Greystar Resources (GSL-T) continues to intersect gold and silver mineralization at its Angostura project in northeastern Colombia.The latest results are from three holes collared in the La Alt…
Orvana plans offering
Seeking funds to develop its Don Mario gold-copper deposit in eastern Bolivia, Orvana Minerals (ORV-T) plans to offer shareholders the right to subscribe for up to 11.6 million additional units.Shareh…
Phelps takes writedown as prices plummet
A US$61-million writedown related to restructuring has wiped out Phelps Dodge’s (PD-N) slender second-quarter earnings of US$1.2 million (or 2 cents per share), leading the company to post a loss of U…