Portuguese zinc-copper project viable
A prefeasibility study indicates that the Aljustrel mining complex in southern Portugal can be brought into production swiftly and economically.Rescan Engineering performed the prefeasibility study wh…
News
EDITORIAL & OPINION — Has gold lost its lustre? — Canada selling again
Gold bugs are nothing if not faithful to their precious metal of choice. Any day now, they say, gold will break out of its below-US$300-per-oz. trading trough and head straight for the stars. Unfortun…
LETTER TO THE EDITOR — Experience key to reliable geostat data
In response to your editorial “Challenging geostatistics” (T.N.M., Sept. 28-Oct. 4/98), I agree with Jan Merks that the method of ore reserve estimation by kriging within geological limits is incorrec…
NEWS ROUNDUP — Pioneer awaits freeze-up in Saskatchewan
Pioneer Metals (PSM-T) will begin an $800,000 exploration program for uranium in northern Saskatchewan as soon as Riou Lake freezes.Work will include a ground geophysical survey and a 4,000-metre dril…
Red Lake spearheads better flow-through deal
In January, the town of Red Lake, Ont., will begin lobbying the federal government to revamp flow-through share financing for mining exploration and development projects in Canada.A revised flow-throu…
Canadian output of silver, refined base metals climbs
Canadian production of copper, silver and refined nickel, lead and zinc increased between September 1997 and September 1998.However, output of gold and primary nickel, lead and zinc was down, as were …
NEWS ROUNDUP –Canmine buys associated company
Canmine Resources (CMR-T) has acquired Red Engine Resources, a private company partnered with Canmine at several properties in Ontario and Manitoba.The merger between the companies, which share a pres…
GREATEST VALUE TRADED (December 14, 1998)
ExchgVal($000s)HighLowCloseChangePlacer DomeT2483…
NEWS ROUNDUP — Yamana funds Argentine programs
Washington state-based Yamana Resources (YRI-T) has raised $4.7 million through a special warrant financing, with each special warrant priced at $1.Each special warrant entitles the holder to acquire,…
NEWS ROUNDUP — Agnico juniors to merge
In order to cut administrative costs, Agnico-Eagle Mines (AGE-T) plans to merge two of its junior exploration companies: Sudbury Contact Mines (SUD-T) and Silver Century Explorations (SVC-A).
SPOT PRICES (December 14, 1998)
Wednesday December 9, 1998Price (US)Week’s ChangeGold*$293.50-$0.40Silver*$ 4.82…
Ararat exceeds expectations
In November, First Dynasty Mines (FDM-T) produced 2,500 oz. gold equivalent from its Ararat tailings recovery project in Armenia.The project is operating 25% above design capacity, recovering 17% more…