COMMENTARY — Quebec’s year ahead
The current uncertainty in Asian markets makes it unlikely there will be a significant increase in metal prices in 1999. Only from the year 2000 on can we expect to see a recovery; indeed, the value o…
News
WESTERN MARKETS — Investors hunt for takeover targets
The Vancouver Stock Exchange composite index lost 1.56 points to close the report period ended Feb. 23 at 407.22. The mining index dropped 2.23 points, finishing at 289.46. Meanwhile, the combined val…
PRODUCER & DEALER PRICES (March 01, 1999)
Antimony: Representative mid-market US$1,390 per tonne (Feb. 23/99).Bismuth: Representative mid-market US$3.15 per lb. (Feb. 23/99).Cadmium: Representative mid-market US$0.25 per lb. (Feb. 23/99).Chro…
Writedowns lead to loss for Teck — Carosue Dam targeted for feasibility; Antamina contracts awarded
Despite having taken some significant writedowns in junior companies during the past few years, Teck (TEK-T) hasn’t shied away from its longstanding practice of investing in juniors with promising exp…
Cost-cutting adds strength to Eldorado
Rigorous cost-cutting enabled Eldorado Gold (ELD-T) to triumph over production shortfalls in the recent fourth.During the 3-month period ended Dec. 31, 1998, Eldorado produced 39,932 oz. gold, compare…
Lac Rocher property picture begins to clear
Staking around the Nuinsco Resources (NWI-T) nickel-copper discovery near Lac Rocher, Que., is continuing, as option deals are being signed on properties in the region, about 120 km northeast of Matag…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Mr. Sandman
While prospecting near Lake Abitibi in Ontario in 1963, I had an odd experience involving a so-called gold mine.In order not to have any problems with thieves while I was prospecting, I would park the…
A tale of two MKs
This letter is in regard to the article “MK Gold picks up Carlin-style project,” (T.N.M., Jan. 11-17/99). Your article erroneously referred to MK Gold as “MK” numerous times.Please be advised that the…
PEOPLE — America Mineral Fields (February 22, 1999)
Timothy Read appointed president, CEO and director.
PEOPLE — Buddha Res. (February 22, 1999)
Glen McDonald appointed director.
Sterlite invests in First Dynasty
A US$7.5-million private placement by Sterlite Industries will enable First Dynasty Mines (FDM-T) to shore up its treasury and fund its projects in Armenia.The Singapore-based company currently produc…
Dayton retains advisor
Dayton Mining (DAY-T) has retained Nesbitt Burns as its financial advisor, partly in order to determine whether any restructuring of the terms of its convertible debentures is warranted.Despite the ap…