PRODUCER & DEALER PRICES (February 23, 1998)
Aluminium: LME settlements US$1,442, alloy US$1,286 per tonne (Feb. 17/98).Antimony: Representative mid-market US$1,655 per tonne (Feb. 10/98).Bismuth: Representative mid-market US$3.65 per lb. (Feb. …
News
Melkior, partners intensify efforts
Results from geophysical work and trenching carried out in the Democratic Republic of Congo are adding momentum to the gold-copper-cobalt exploration initiative of partners Melkior Resources (MKR-M) a…
Cambior boosts profit, production in 1997
Despite the weakness in gold prices during 1997, Cambior (CBJ-T) managed to boost its earnings, revenues and gold production for the year.The good news is partly due to the company’s far-sighted hedgi…
Meetings (February 23, 1998)
Feb. 27, Anglo-AndeanFeb. 27, Buffalo MinesFeb. 27, EQ ResourcesFeb. 27, FenwayFeb. 27, Golden RockFeb. 27, Goldrush Casino & MiningFeb. 27, GreenhopeFeb. 27, Madrona MiningFeb. 27, NoraFeb. 27, Pacif…
Companies (February 23, 1998)
Ashton MiningAurado Expl.BolidenBroken Hill Pty.CambiorClaude Res.Comaplex Min.ComincoCons. Richland MinesCumberland Res.Cypress Min.Dayton MiningDia Met Min.Donner Min.Elizabeth Bay DiamondsEmerging …
Preliminary study yields positive results for Cumberland
A preliminary scoping study of the Meadowbank gold project in the Northwest Territories shows strong economic potential, despite low gold prices.Situated 70 km north of the ocean-accessible community …
SAM buys stake in Caber property
Toronto-based Southern Africa Minerals (SAF-T) has signed an agreement-in-principle to acquire a half-interest in the Caber copper-zinc property in northern Quebec from BHP Minerals International, the…
Sulliden resumes work at Betts
Montreal-based Sulliden Exploration (SUE-M) has begun a second drill program at the Betts Cove gold project on Newfoundland’s Baie Verte Peninsula.The 6-hole, 1,600-metre effort, which is designed to …
Princeton plans merger with Imperial
L.Faced with a $2.7-million debt repayment and an empty till, Princeton Mining (PMC-T) has agreed to merge with Imperial Metals (IPM-T) by way of a plan of arrangement.Princeton’s main asset is a 60% …
COMMENTARY — Holding gold
Although the European Central Bank (ECB) will not come into formal existence until Jan. 1, 1999, its governing council will need to make a large number of decisions prior to this time, and one of thes…
Metal prices force Teck to take writedowns
Given the substantial decline in metal prices of late, Teck (TEK-T) has decided to take fourth-quarter, year-end writedowns totalling $175 million.The largest single component of the writedown is $52 …
Aurado picks up Mexican ground
Aurado Exploration (AEO-T) has signed a deal with a subsidiary of Cominco (CLT-T) to acquire interests in two properties near the San Nicolas massive sulphide discovery in Zacatecas state, Mexico.In o…