TSE INDICES (August 03, 1998)
1998July 28July 27July 24July 23July 22HighLowCom…
News
PRODUCER & DEALER PRICES (August 03, 1998)
Aluminium: LME settlements US$1,354.50, alloy US$1,252 per tonne (July 28/98).Antimony: Representative mid-market US$1,290 per tonne (July 28/98).Bismuth: Representative mid-market US$3.55 per lb. (Ju…
METAL PRICES — Daily Metal Prices (August 03, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices in US$ per tonne)DateJuly 28July 27July 24July…
Underexplored Scossa property purchased by Romios in Nevada
Toronto-based Romios Gold Resources (RGRI-C) has agreed to buy the Scossa project in Pershing Cty., northwestern Nevada.The agreement calls for the junior to pay US$82,500 cash and issue 100,000 share…
Meetings (August 03, 1998)
Aug. 4, BlackpoolAug. 4, GroundstarAug. 4, LevonAug. 5, Golden GateAug. 5, Int’l LarderAug. 5, PortmanAug. 5, Prospectors AllianceAug. 6, Golden SitkaAug. 7, LakotaAug. 7, Sand RiverAug. 10, EdenAug. …
Luscar bids for Canada’s largest coal miner
Luscar Coal Income Fund has launched a takeover bid for Manalta Coal Income Trust, owner of Manalta Coal, in a $550-million deal that would create North America’s sixth-largest producer.The takeover i…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — TSE hit by weak dollar, lacklustre metal prices
A devalued Loonie and poor performances in the metals sector contributed to a dismal performance by the Toronto Stock Exchange 300 index during the report period July 22-28. The index finished the wee…
Rio Algom posts profits
Despite tough times for base metal producers, Rio Algom (ROM-T) enjoyed a profitable second quarter as it continued to expand both its copper production and its metals distribution business.Earnings t…
Stillwater reports rosy second quarter
Record production and earnings made for a profitable second quarter for Stillwater Mining (SWC-X), though its hedging policy kept the company from reaching the maximum value of its namesake platinum-p…
Lomas Bayas produces copper
Boliden (BOL-T) has passed a development milestone by producing the first copper cathode at the Lomas Bayas mine in northern Chile.The US$244-million Lomas Bayas project, one the key assets acquired b…
Samax reports gold find in Congo
Samax Gold (SMX-T) has intersected what it describes as significant gold mineralization at its 85%-owned Mougongo prospect in Congo.Drill hole 4 cut 28.5 metres grading 3.7 grams of the yellow metal (…
Poplar buys into South African diamond projects
Vancouver-based Poplar Resources (PPX-V) has branched into South Africa by acquiring a 45% interest in Savannah Diamondfields, the main assests of which are the Aardvark and Barkly West diamond projec…