Teryl, Kinross team in Alaska
Kinross Gold (K-T) has agreed to acquire a 70% interest in the Westbridge claims in Alaska’s Fairbanks district.In return, Kinross must pay US$285,000 to Vancouver-based Teryl Resources (TRC-V) and sp…
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LATIN AMERICA — Apac hits gold at Los Menucos
Junior explorer Apac Minerals (APC-V) has hit broad low-grade gold mineralization at the Los Menucos property in southern Argentina.The company completed 45 reverse-circulation holes, totalling 4,000 …
Grupo Mexico puts pressure on Asarco
Grupo Mexico has upped its cash bid for Asarco (AR-N) to US$29.50 per share in an effort to derail a signed merger deal between Asarco and Phelps Dodge (PD-N).Asarco has not responded to the improved …
PEOPLE — Cons. Pine Channel
John Harvey appointed director.
THE NORTHERN MINER — Small Producers Index (October 18, 1999)
72.44 (- 4.23)
THE NORTHERN MINER — North American Mining Index (October 18, 1999)
101.49 (- 3.60)
GOLD FUNDS (October 18, 1999)
Gold Funds as of October 7, 1999BGRCentralNet Value$15.126.28Price$10.85$…
METAL PRICES (October 18, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 12Oct. 11Oct. 8Oct. 7…
LATIN AMERICA — Atacama to develop Aguas Blancas
Atacama Minerals (AAM-V) is proceeding with development of the Aguas Blancas iodine heap-leach project in northern Chile.The project comprises 22,000 ha in the Atacama Desert, 95 km southeast of the p…
TSE cleaning house, again — Go west
In the aftermath of the Windfall stock trading scandal of the 1960s, Ontario regulators responded by tightening up the rules for junior exploration companies. And the companies responded by going west…
LME WHSE LEVELS (October 18, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 12/99 (change from Oct. 5 in brackets):MetalStock (tones)Change…
INVESTMENT COMMENTARY — Analysts see bright outlook for nickel
Citing what they describe as “base metal euphoria,” analysts at National Bank Financial are bullish on the prospects for Canada’s two major nickel producers, Inco (N-T) and Falconbridge (FL-T).In a re…