CORRECTION (July 12, 1999)
In our July 5 report on Seahawk Minerals (SKM-V), the Piteiras property in Brazil was compared with the Muzo artisonal emerald mine in Colombia. Seahawk maintains tight security at Piteiras and has ne…
News
Old copper mine is for the birds — Miner, conservation group join to create wetlands
The past-producing Solbec mine, near Stratford, Que., will become a nature preserve under a partnership between owner Cambior and conservation group Ducks Unlimited.Cambior will spend $120,000 over th…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Base metal majors buoyed by copper prices
Copper was the big story during the June 30-July 6 report period, with prices shooting up 5 cents, to 75 cents per lb., in response to a series of cutbacks in copper mining and smelting operations in …
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — UK gold sale hits producers
The Dow Jones industrial average jumped 319.77 points, or 3%, during the holiday-shortened report period of June 30-July 6, closing just short of an all-time high at 11,135.12.Britain’s July 6 auction…
Corriente drilling at Cerro Tasna
Diamond drilling is under way at the Cerro Tasna gold project in southwestern Bolivia.Corriente Resources (CTQ-T) is conducting the 2,000-metre program in an effort to test the main target area, which…
Fantasma results fail to impress
Pacific Rim Mining (PFG-T) has released disappointing drill results from the Fantasma project in northwestern Argentina.The 7-hole, 1,923-metre program of reverse-circulation drilling focused on the p…
Starfield brightens Ferguson Lake picture
Preliminary drilling by Starfield Resources (SRU-A) has confirmed cobalt-platinum-palladium mineralization in two copper-nickel zones at the Ferguson Lake property, 160 km south of Baker Lake in the n…
Atna to wage summer drill campaign
Atna Resources (ATN-T) is preparing to launch drill programs at three of its properties, the total budget for which is about $2 million.A minimum 5-hole program is planned for the San Antonio volcanog…
Meetings (July 12, 1999)
July 12 AppalachesJuly 12 AubetJuly 12 CliftonJuly 12 Molycor GoldJuly 12 VerdstoneJuly 12 Western TroyJuly 12 Windy MountainJuly 13 CristobalJuly 13 SerengetiJuly 14 BattlefieldJuly 14 MirandorJuly 1…
Careers (July 12, 1999)
Underground Mine PositionsNeed qualified Electricians, Mechanics and Equipment OperatorsGood Competitive Wages & Benefits offered ust have U.S. work Visa or Citizenship…
PRODUCER & DEALER PRICES (July 12, 1999)
Antimony: Mid-mkt US$1,245/t.Bismuth: Mid-mkt US$3.60/lb.Cadmium: Mid-mkt US$0.21/lb.Chromium: Recent trades US$60.00-90.00/t.Cobalt: Recent trades US$21.75-22.75/lb.Copper: Comex Sept. US$0.762/lb.In…
INSIDER TRADING — Kinross, Viceroy repurchase shares
Recent filings with the Ontario Securities Commission show that both Kinross Gold (K-T) and Viceroy Resource (VOY-T) repurchased shares in their respective companies in April. The former bought 1.3 mi…