TSE SHORTS (March 15, 1999)
Short positions outstanding at February 28, 1999Larger individual positions include:Abitibi Consolidated 663,811, up 425,991; Alcan Aluminium 606,559; Barrick Gold 8,669,692, up 1,642,474; Boliden 108…
News
EXPLORATION 1999 – Stroud explores Santo Domingo
Stroud Resources (SDR-T) is targeting epithermal gold-silver mineralization at the Santo Domingo II property, 32 km north of Guadalajara, Mexico.Epithermal veins found at Santo Domingo were developed …
EXPLORATION 1999 – MEXICAN ROUNDUP — Gamon pins hopes on Brenda
Producer hopeful Gammon Lake Resources (GAML-C) is continuing with surface and underground exploration at the Brenda mine near Ocampo in Chihuahua state, Mexico.Gamon can earn a 60% interest in the 46…
EXPLORATION 1999 – MEXICAN ROUNDUP — Drilling dry at Guinoloza
Preliminary drilling by 60-40 partners Queenstake Resources (QTR-T) and Alamos Minerals (AAS-V) failed to intersect significant mineralization at the Guinoloza property in Chihuahua state, Mexico.Eigh…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Golds rebound in buoyant Toronto market
The Toronto Stock Exchange recovered strongly from the previous week’s woes, as favourable Canadian and U.S. economic news and firmer commodity prices combined to put stocks in a good light. The TSE 3…
LME WHSE LEVELS (March 15, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar. 2/99 (change from Feb. 23 in brackets):MetalStocks (tonnes)Change…
Producer ponders expansion
Canada’s only primary producer of palladium is pondering an expansion of the Lac des les mine near Thunder Bay, Ont.Encouraged by positive results from a scoping study, North American Palladium (PDL-…
EXPLORATION 1999 – Western Pacific finds partner
SMC Resources, an Australian gold producer, has agreed to issue 31.5 million of its shares to Western Pacific Gold (WPI-A) in return for the junior’s land package in the Solomon Islands.Though still s…
Tenke declares force majeure in DRC
The war in the Democratic Republic of Congo has forced Tenke Mining (TNK-T) to suspend payments on the the huge Tenke-Fungurume copper project in Katanga province.To maintain its 55% interest in the p…
DIAMOND PAGE — Redaurum shareholders to vote on merger
At a special meeting scheduled for March 22, shareholders of Redaurum (RRK-T) will be asked to approve a business combination with Remick Investments and a 1-for-40 share consolidation.Shareholders ha…
EXPLORATION 1999 — Quebec explorers hopping despite downturn
A pro-mining policy, combined with attractive geology and enticing new discoveries, is allowing Quebec to maintain high levels of exploration spending, despite an industry downturn that has slowed exp…
Richmont, Louvem finish 1998 profitably
Richmont Mines (RIC-T) is writing its year-end story in black ink for the seventh time in a row.The Montreal-based gold producer earned a profit of $3.9 million (or 25 cents a share) on revenue of $47…