Western Quebec takes Wesdome subsidiary public
Eager to raise funds for further exploration at the Wesdome gold property in Val d’Or, Que., Toronto-based Western Quebec Mines (WQM-T) is proceeding with an initial public offering of its wholly owne…
News
NEWS ROUNDUP — Cheviot proposal to return to court
A ruling by the Federal Court of Appeal will enable environmental groups to challenge development of the Cheviot coal mine in Alberta.The court agreed with allegations from a coalition of five environ…
Teck, WC test silver find
The extent of a near-surface, high-grade silver find on the El Salvador project in Mexico’s Zacatecas state remains unclear following the completion of an additional six holes in the immediate area.El…
Largest gold producer to get bigger
An agreement-in-principle sets the stage for Anglogold (AU-N) to acquire the gold assets of Minorco (MNRCY-Q).The South African major offered Minorco US$550 million in cash for its interests in five o…
EDITORIAL & OPINION – COMMENTARY — Stainless to join low demand club
The stainless steel market in 1997 was one that transpired from ongoing optimism to that of great uncertainty. Despite the recovery of the global economy from a slower period of growth in 1996, with i…
INVESTMENT COMMENTARY — Iamgold gets nod for low costs at Sadiola Hill
First Marathon’s Kerry Smith is one of a growing number of mining analysts giving high marks to the financial performance of Iamgold (IMG-T) and the operating success of its Sadiola Hill gold mine in …
Bolivar doubles mill capacity
Bolivar Goldfields (BVG-T) will double, to 1,400 tonnes, the daily capacity of the mill it bought in Venezuela last June.The refurbished Revemin mill will continue to process gold ore. Bolivar says th…
NEWS ROUNDUP — Eurasia finances Kazakstani work
Calgary-based Eurasia Gold (EGX-A) expects to raise $6 million for further work on its gold projects in Kazakstan through a private placement with Ourominas Minerals (OMI-T).Ourominas will purchase 60…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Pessimisim haunts producers, spooks market
The Toronto Stock Exchange 300 index lost a modest 57.37 points in the report period ended Dec. 7, to end the week at 6,399.77.The precious metals and minerals sub-group suffered another dismal period…
LME WHSE LEVELS (December 14, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec. 7/98 (change from Dec. 1 in brackets):MetalStocks (tonnes)Change…
Orezone hits high-grade gold
Trenching by Orezone Resources (ORZ-M) has revealed a high-grade gold zone at the Intidougou property in Burkina Faso.Eight channel samples from a continuous zone of highly silicified, brecciated bed…
DIAMOND PAGE — Lytton, New Indigo consider merger
Lytton Minerals (LTL-T) and New Indigo Resources (NDR-A) have resumed discussions regarding a possible amalgamation.The companies are 50-50 partners in the 684,000-acre Jericho project in the Northwes…