Triton struggles through 1997
Increased gold production and revenue were not enough to keep Triton Mining (TTM-T) out of the red for the year ended Dec. 31, 1997.Output at El Limon in Nicaragua, Triton’s only producing mine, jumpe…
News
LATIN AMERICA — Apex Silver and Excellon acquire polymetallic play in Durango
Apex Silver Mines (SIL-X) and Excellon Resources (EXN-V) have signed a letter of intent to acquire the Platosa property in Mexico’s Durango state.While no formal terms have been disclosed, Apex is exp…
LATIN AMERICA — Meridian nears production decision at El Penon
Having established itself as a successful mid-tier gold producer in the western United States, Meridian Gold (MNG0-T) has now set its sights on northern Chile.The Nevada-based company is months away f…
LATIN AMERICA — Prefeasibility study begins on Dolores gold-silver project
Minefinders (MFL-T) has engaged MRDI Canada, a division of H.A. Simons, to complete a prefeasibility study on the promising Dolores gold-silver project in Mexico’s Chihuahua state.The Dolores project …
Magadan’s gold sector looking brighter — New investment, projects could lead to greater production
Although mines in the mountainous Magadan region of Russia produced 26.1 tonnes of gold in 1997 (6.3 tonnes more than were produced in the previous year), output was well below expectations. However, …
PRODUCER AND DEALER PRICES (April 06, 1998)
Aluminium: LME settlements US$1,423, alloy US$1,272 per tonne (Mar. 31/98).Antimony: Representative mid-market US$1,600 per tonne (Mar. 31/98).Bismuth: Representative mid-market US$4.05 per lb. (Mar. …
Industry slump, PDAC take toll on SME meeting
In deference to that part of the U.S. mining industry east of the Mississippi, the Society of Mining and Metallurgical Engineers (SME) held its annual convention in Florida this year.Attendance, at ab…
Blue Desert explores in Chile
An airborne geophysical survey has outlined a large chargeablity anomaly over the Enero property in Chile that partially coincides with a copper prospect.Blue Desert Mining (BDE-A) holds an option to …
OBITUARY — Andrew Troop
Andrew Troop, the former manager of Icon Syndicate, has died. He was 72.A native of Manitou, Man., Troop obtained his bachelor’s and master’s degrees, both in science, from the University of Manitoba….
First Quantum hits its stride at Zambian copper project
A US$30-million tailings retreatment operation in Zambia is now producing copper at full capacity, First Quantum Minerals (FM-V) reports.Situated at the site of the past-producing Bwana Mkubwa mine in…
METAL PRICES – Daily Metal Prices (April 06, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMar. 31Mar. 30Mar. 27Mar. 26Mar…
LATIN AMERICA — Cerro Samenta dispute settled
A recently signed agreement between Mansfield Minerals (MDR-V) and Corriente Resources (CTG-T) has marked the end of a legal dispute over ownership of the Cerro Samenta copper property in Argentina.Th…