Software can affect geostats
One serious problem in the use of geostatistics to estimate reserves and not mentioned in the correspondence you have published on this topic arises when there is a mistake in the computer program.In …
News
MOST ACTIVE ISSUES (December 07, 1998)
ExchgVol (000s)HighLowCloseChangePlacer DomeT8439…
SETTING NEW STANDARDS — The CIM definitions
The Canadian Institute of Mining, Metallurgy & Petroleum (CIM) is considering modifications to its classification system for defining the various categories of reserves and resources.The modifications…
Verena Minerals, Ouro Brasil sign deal
A joint venture between Verena Minerals (VMCO-C) and Ouro Brasil (OOB-V) sets the stage for ongoing exploration of the Conceicao do Norte property, 500 km north-northeast of Brasilia, Brazil.Verena ha…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Diamonds, Argentine gold stir investors over flat week — Diamond explorers, juniors with ground in Argentina attract investor attention
The Vancouver Stock Exchange composite index edged up 3.3 points to close the report period ended Dec. 1 at 393.08. The mining index remained steady at 290.89, gaining only a hundredth of a point from…
Asia expands Copperstone
Drilling on the Copperstone property in Arizona has extended the high-grade Northwest zone, reports Asia Minerals (AMP-A).The Vancouver-based junior, which has a 25% interest in the project and the op…
MINING MARKETS & INVESTMENT NEWS — Ashanti snaps up Samax, Geita
The Canadian subsidiary of Ashanti Goldfields (AHD-T) has purchased most of the shares of Samax Gold in order to acquire that company’s Geita property in Tanzania.Ashanti nabbed 26.4 million Samax sha…
LETTERS TO THE EDITOR — Miner miffed by Clinton administration
Regarding your editorials “NWMA vs. Babbit” (T.N.M., Sept. 21-27/98) and “Tuning out” (Nov. 2-8/98), I would like to point out the serious and perilous position in which we in the mining industry find…
GREATEST VALUE TRADED (December 07, 1998)
ExchgVal ($000s)HighLowCloseChangePlacer DomeT189…
Patrician picks up Argyle
Patrician Gold Mines (PXX-A) has acquired ground near the past-producing Ashley gold mine in an area 25 km west of Matachewan, Ont.The junior acquired a full interest in the 2,198-ha property, named A…
Hecla holds the line on production costs
Low silver and gold prices are taking their toll on Hecla Mining (HL-N), despite ongoing efforts to reduce production costs at mines in North and South America.The Idaho-based company reported a net l…
Miramar conserving capital
Miramar Mining (MAE-T) made a profit of $1.6 million in the third quarter, compared with a loss of $15.2 million in the corresponding period of 1997.The recent quarterly performance reflects a gain of…