PRODUCER & DEALER PRICES (June 01, 1998)
Aluminium: LME settlements US$1,340, alloy US$1,259 per tonne (May 26/98).Antimony: Representative mid-market US$1,490 per tonne (May 26/98).Bismuth: Representative mid-market US$3.75 per lb. (May 26/…
News
Mineral Resources revs up Cassiar asbestos plant
After a 6-year production hiatus, the Cassiar asbestos project in British Columbia is ready to begin producing chrysotile fibres once again.Operator Mineral Resources (MIC-T), which holds a 100% inter…
Truck accident begets cyanide spill
An accident involving a truck on its way to the Kumtor gold mine in eastern Kyrgyzstan is causing headaches for Cameco (CCO-T) and may lead to a lawsuit or criminal proceedings.The truck, which was ca…
Meetings (June 01, 1998)
June 1, Int’l DamascusJune 1, NeutrinoJune 1, Pacific FalkonJune 1, Samax GoldJune 2, Eden RocJune 2, El CallaoJune 2, Golden QueenJune 2, GoldfundJune 2, GoldtrustJune 2, La TekoJune 2, LegionJune 2,…
LME Warehouse Levels (May 25, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at May 11/98 (change from May 1 in brackets):MetalStock(tonnes)ChangeAluminium536700(-59225)Copper272150(-10650)Lead107325(+97…
GOLD FUNDS (May 25, 1998)
Gold Funds as of May 14, 1998BGRCentralNet Value$15.67$6.02Price$12.00$5.
Rio Narcea opens El Valle mine
Centuries after gold was first found in the mist-shrouded hills of northern Spain, Emperor Augustus sent in seven legions comprising thousands of men to subdue local tribes and secure mines that event…
Stillwater surges ahead after completing expansion
Nye, Mont. — Stillwater Mining is hitting full stride at North America’s only primary platinum-palladium producer, the company’s namesake mine.And with the size of its hedge position diminishing, the…
Index (May 25, 1998)
CareersClassifiedCommentaryDiamond News RoundupDrillersEditorialFacts’n’FiguresInsider TradingInvestment CommentaryLetter to the EditorMetal PricesMining Markets and Investment NewsProfessional Direct…
Mar-West eyes hot spring payoff
Asuncion Mita, Guatemala — Canadian junior Mar-West Resources (MSR-V) has made a potentially significant gold discovery at the Cerro Blanco hot spring gold prospect in southeastern Guatemala.Based on…
Agnico-Eagle keeps Laronde expansion on track
Agnico-Eagle Mines (AGE-T) is continuing to push ahead with its expansion of the Laronde division, a development that will slash costs and boost gold production once the project hits its stride in the…
GOLD AND PRECIOUS METALS — Gold companies merge for growth, or survival — Majors, mid-tier producers and juniors take part in merger mania
From the largest South African producers to juniors with small mines, gold companies are joining forces in an attempt to weather a prolonged slump in prices that has already taken its toll on a number…