Imperial, Sumitomo consider closing Mt. Polley
Low metal prices are forcing Imperial Metals (IMP-T) and Japanese partner Sumitomo to consider temporarily suspending operations at the Mt. Polley copper-gold mine at the end of July.Built for $115 mi…
News
Writedowns lead to loss for Golden Star
Writedowns of the carrying value of many of its properties have forced Golden Star Resources (GSC-T) to post a fourth-quarter loss.In all, Golden Star took charges totalling US$22.4 million against it…
Meetings (April 13, 1998)
Apr. 14, Denison MinesApr. 14, DiazApr. 14, Emerging Africa GoldApr. 14, KWGApr. 14, St GenevieveApr. 14, Sawtooth Int’lApr. 14, Sun Devil GoldApr. 15, Classic GoldApr. 15, Falcon PointApr. 15, Minco …
Metal Futures
Settlement prices for London Metal Exchange three-month contracts and spot metal, Apr. 7/98 (US$ per tonne):MetalCash Price3-Month Price…
Canyon seeks partner for McDonald project
Low gold prices have forced Canyon Resources (CAU-X) to seek a joint-venture partner for the McDonald gold project in Montana, says President Richard De Voto.After gaining sole ownership of the projec…
Vengold offering may net $46 million
A syndicate of underwriters, led by Midland Walwyn Capital, have entered into a financing agreement with Vengold (VEN-T) to purchase up to $46 million worth of its shares.The underwriters have agreed …
Companies (April 13, 1998)
Adex MiningAmerica Mineral FieldsAnglo AmericanAsia Pacific ResourcesAurizon MinesAvalon VenturesBand-Ore ResourcesBanro ResourceBarrick GoldBattle Mountain GoldBlue Desert MiningCaledonia MiningCambi…
COMMENTARY — Partnerships at Musselwhite
The Musselwhite mine of Placer Dome and TVX Gold is situated on traditional lands of North Caribou Lake First Nations in a remote area of northern Ontario. Negotiation of the Musselwhite agreement beg…
Trivalence nets $479 per carat for African gems
Trivalence Mining (TMI-T) has completed a second sale of diamonds from its Aredor diamond mining concession, 700 km east of Conakry, Guinea.The company received a tender price of US$1.36 million for 2…
Kit quantifies George Lake
Kit Resources (KIT-T) has received a new resource estimate for its George Lake gold project near Bathurst Inlet, N.W.T.California-based engineering group Mineral Resources Development (MRDI) has pegge…
STOCK MARKET — TSE soars to record highs while gold and base metals drop — Platinum and palladium bounce back, base metals hold their ground
The Toronto Stock Exchange 300 composite index hit record numbers once again, ending the report period of March 25-31 at 7,551.23, for a gain of 7.27 points from the previous week.The week was stimula…
MOST ACTIVE ISSUES, Mar. 25-31
ExchgVolume($000s)Close.ZSBarrick GoldT1210930.70Placer Dome…