METAL PRICES (September 14, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateSept. 8Sept.7Sept.4Sept.3…
News
Asian woes affect Hillsborough
The economic malaise in Asia is taking its toll on Hillsborough Resources (HLB-T), operator and 63%-owner of the Quinsam coal mine near Campbell River, B.C.After consulting with Japanese partner Marub…
NEWS ROUNDUP — Freewest reports find near Sudbury
Montreal-based Freewest Resources Canada (FWR-T) has discovered a platinum-palladium-copper-nickel showing at its wholly owned Folson Lake property in Gerow Twp., 80 km west of Sudbury, Ont.The 320-ha…
Billiton unit ties up Newfoundland land package
A unit of London-based Billiton has signed joint-venture agreements with several Canadian juniors collectively holding 343 sq. km of prospective ground in the Buchans area of central Newfoundland.The …
Auspex, Vestor size up Portuguese prospect
Partners Auspex Minerals (APJ-V) and International Vestor Resources (IVS-V) are encouraged by results from a hole drilled on surface at the Aljustrel Mining complex in south-central Portugal.To date, …
Companies (September 14, 1998)
Aber ResAdrian ResourcsAfrican GemstnsAltius MineralsAmerican CopperAmerican GemAnglogoldAntOro ResourcsAnvil ResourcesAnzex ResourcesAscot ResourcesAshanti GoldfldsATS WheelAuspex MineralsBanro Resou…
Correction (September 14, 1998)
Mining at the Santa Gertrudis project, owned by Campbell Resources (CCH-N), ended in late 1997, though gold production will continue until all the ore remaining on leach pads is processed. The company…
SAGC to help develop Choquelimpie
New York-based South American Gold & Copper (SAG-T), or SAGC, has signed a letter-of-intent with Sociedad Contractual Minera Vilacollo (SCMV) to develop the Choquelimpie gold-silver-copper project in …
MINING MARKETS & INVESTMENT NEWS – INSIDER TRADING — Execs beef up holdings
Recent insider trading transactions reported by the Ontario Securities Commission include the following:* Aber Resources (ABZ-T) — Kenneth Hanna, director, bought 10,000 shares indirectly at $12.65 t…
LATIN AMERICA — SX-EW takes hold in Latin American camps
In tough times for copper, big operations have to find refuge in low production costs. This is especially true of large porphyry copper projects, where low grades mean that big savings per tonne of or…
LATIN AMERICA — Golden Peaks targets veins in Argentina
Two Vancouver-based juniors, Golden Peaks Resources (GL-V) and Primo Resources (PRI-V), have teamed with Mitsubishi of Japan to explore for gold and silver in northwestern Argentina.The joint venture …
LATIN AMERICA — Minefinders pins hopes on Dolores — New resource calculation improves on 1997 estimate
The downturn in the gold market has taken its toll on the share price of Minefinders (MFL-T), which is trading at the bottom end of a 52-week range of 80 cents to $2.65. However, exploration progress …