PRODUCER & DEALER PRICES (June 07, 1999)
Antimony: Representative mid-market US$1,235 per tonne (May 18/99).Bismuth: Representative mid-market US$3.60 per lb. (May 18/99).Cadmium: Representative mid-market US$0.23 per lb. (May 18/99).Chromiu…
News
METAL PRICES (June 07, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJune 1May 31May 28May 27…
MINING MARKET & INVESTMENT NEWS — U.S. MARKETS — Gold tanks, some miners gain
The Dow Jones industrial average gained 65.17 points to close at 10,596.26 for the report period ended June 1. Even though weakness in the gold and copper markets continued, some mining issues had a g…
DIAMOND PAGE — Trivalence reports loss
A sale of diamonds from the Aredor mine in Guinea has netted US$1.4 million for Trivalence Mining (TMICF-OTC).The diamonds were sold in two separate deals. In the first deal, four parcels of gem-quali…
MINING MARKET & INVESTMENT NEWS — EASTERN MARKETS — Soon-to-be-sold Brit gold leaves investors cold
Gold just can’t get a break these days. The yellow metal dropped another $4.65 over the report period ended June 1, crash-landing on the LME on the morning of June 2 at US$267.05 per oz.Even silver su…
NEWS ROUNDUP — BYG chastized for negligence
A Yukon judge has slammed B.Y.G. Natural Resources (BYG-A) for environmental negligence at the Mt. Nansen gold mine, 60 km west of Carmacks in the Yukon Territory.Judge Heino Lilles convicted the comp…
NEWS ROUNDUP — McWatters nixes Hammerdown
Citing existing commitments at its operating mines in Quebec’s Val d’Or camp, McWatters Mining (MCW-T) has decided not to acquire the Hammerdown gold deposit from Major General Resources (MGJ-V).McWat…
Ridgway, Wasylyshyn join Golden Temple
Junior Golden Temple Mining (GTM-V) has augmented its management team by appointing Simon Ridgway as a director and Robert Wasylyshyn as vice-president of exploration.The two are noted for having help…
Cambior options Virginia’s La Grande Sud
Quebec miner Cambior (CBJ-T) has set its sights on La Grand Sud, a gold project being explored by Virginia Gold Mines (VIA-M) in the James Bay area of northern Quebec.A recent option agreement with Vi…
Meetings (June 07, 1999)
June 7 Alta TerraJune 7 DiazJune 7 NufortJune 8 El CallaoJune 8 IMPACTJune 8 InletJune 8 NewhawkJune 8 Planet VenturesJune 8 PumaJune 8 RaiderJune 8 Rio NarceaJune 9 Bema GoldJune 9 BGR Precious Metal…
Discovery adds spark to Vueltas del Rio
Drilling by Geomaque Explorations (GEO-T) has intersected gold-silver-zinc mineralization at El Zapotal, an exploration target near the company’s proposed Vueltas del Rio gold mine in northwestern Hon…
Munk wins lifetime achievement award
Barrick Gold founder Peter Munk praised the generosity of Canadian mining companies as he accepted a lifetime achievement award in mining finance for his “vision and risk-taking” and his role in makin…