Drilling activity paying off in Timmins
The opening weeks of 1999 have seen a series of discoveries in the Timmins and Matheson areas of northeastern Ontario.Drilling by Pentland Firth Ventures (PFO-T) at the Ludgate property in Michaud Twp…
News
Franco-Nevada buys VBN shares, grabs 9.6% of Aber
Having gained a seat at the table with an earlier purchase, Franco-Nevada Mining (FN-T) has cleared more elbow room for itself by buying additional Inco (n-t) Voisey’s Bay Nickel shares.With the purch…
Canadian Mining Hall of Fame celebrates eclectic roster
Nine members were recently inducted into the Canadian Mining Hall of Fame — including, for the first time, first nation members — at a gala dinner and awards ceremony at Toronto’s Royal York Hotel.M…
PRODUCER & DEALER PRIVCES
Aluminium: LME settlements US$1,225.50, alloy US$1,021 per tonne (Jan. 26/99).Antimony: Representative mid-market US$1,260 per tonne (Jan. 26/99).Bismuth: Representative mid-market US$3.05 per lb. (Ja…
Meeting targets mine suppliers
Marketing to the mining industry will be the subject of a conference to be held Feb. 2 at the Sheraton Parkway Hotel in Richmond Hill, near Toronto.Sponsored by the Canadian Association of Mining Equi…
TSE INDICES (February 01, 1999)
1999Jan. 26Jan. 25Jan. 22Jan. 21Jan. 20HighLowComposite “300”6663.456618.486593.916635.766712.347835.755325.79Metals & Minerals3090.503104.793090.653194.913187.514423.922412.49Int…
EDITORIAL & OPINION – COMMENTARY — Zinc price tied to Asian recovery
The West has yet to feel the impact of the Asian economic crisis upon zinc demand. However, falls in capacity utilization rates and increasing stock levels (normal signals of a contraction in industry…
EDITORIAL & OPINION — Sudbury a city of contradictions — Brains, not brawn
Back in 1912, the gloomiest community in Ontario, if not Canada, was said to be Copper Cliff. One young man who toiled in the sulphur-seared town that year, later described his experience as “a sort o…
GREATEST VALUE TRADED (February 01, 1999)
ExchgVal($000s)HighLowCloseChangeBarrick GoldT426…
METAL PRICES (February 01, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJan. 26Jan. 25Jan. 22Jan. 21…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Franco-Nevada, Nuinsco brighten gloomy Toronto market
The Toronto Stock Exchange 300 index lost 95.45 points in the report period Jan. 20-26, to end the week at 6,663.45.The gold and precious metals sub-index offered little help to the broad market, plum…
Rayrock back with Glamis
Rayrock Resources (RAY-T) has accepted a merger bid by Glamis Gold (GLG-T) and left Viceroy Resource (VOY-T) in possession of a $2-million break-up fee.Under the new agreement, which has yet…