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…
News
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…
SPOT PRICES (February 01, 1999)
Wednesday January 27, 1999Price (US)Week’s ChangeGold*$285.900.00Silver*$ 5.08…
AFRICA — Etruscan raises Samira funds
A US$3.5-million loan from a South African bank will enable Etruscan Resources (EET-T) to complete a feasibility study at its Samira gold project in Niger.The study, which was begun in September 1998,…
AFRICA — NEWS ROUNDUP — Reunion to sell exploration projects
In order to focus on more advanced projects, London-based Reunion Mining is engaged in negotiations to sell its gold exploration projects in Zimbabwe.The company recently closed its exploration office…
Lac Rocher intersection excites market — Nuinsco cuts 10.8% nickel in drill hole
A 3.2-metre drill intersection grading 10.8% nickel has sparked a lively land play in the Lac Evans area, about 120 km northeast of Matagami, Que. Nuinsco Resources (NWI-T) reported on Jan. 20 that a …
AFRICA — Nora explores for Namibian diamonds
Among the ranks of Canada’s diamond producers, one company often overlooked is Montreal-based Nora Exploration (NXI-M), which is mining the rich beach deposits found along the coast of Namibia in sout…