SPOT PRICES (March 15, 1999)
Precious MetalsPrice (US)ChangeGold$291.50+$4.85Silver$ 5.24-$0.11…
News
EXPLORATION 1999 — Hecla begins drilling in Chile
Hecla Mining (HL-N) will put down 20 reverse-circulation holes in a 4,000-metre program aimed at testing three targets on the Cacique gold property in north-central Chile.The largest of these targets …
EDITORIAL & OPINION – FACTS ‘N’ FIGURES — Price rise undercuts palladium market
The volatility of palladium supply and the consequent rise in prices put the long-term future of the palladium market in doubt, according to a new study.As prices of platinum and palladium converge, o…
EXPLORATION 1999 – Meridian discovery boosts El Peon
Despite an improvement in operating efficiency at its two gold mines, Reno, Nev.-based Meridian Gold (MDG-N) felt the brunt of low gold prices on its bottom line last year.The company produced 214,640…
EXPLORATION 1999 – Atna hits VMS-style mineralization in DR — Junior explorer adds to potential indicated by previous drilling
Early results from a planned 2,000-metre drill program in the Dominican Republic are boding well for Atna Resources (ATN-T).The first hole drilled on the San Antonio I concession encountered 0.7 metre…
EXPLORATION 1999 – MEXICAN ROUNDUP — Valdez keeps faith at Altar
Junior Valdez Gold (VAZ-A) has renewed drilling at its Altar gold property in northwestern Sonora state, Mexico.The 5,000-metre reverse-circulation program is following up the best holes from a genera…
EXPLORATION 1999 – Drilling planned for Free Maria
Partners MacMillan Gold (MMG-T) and Cambior (CBJ-T) are preparing to drill their jointly owned Free Maria gold property in northern Peru.Cambior will operate the US$300,000 program, which will see 15 …
Homestake bids for Argentina Gold — American miner to continue due diligence until deal closes
David Copperfield, take a seat. Lucas Lundin, director of Argentina Gold (ARP-V), has pulled off a feat that has surprised many.After urging shareholders to reject Barrick Gold’s (ABX-T) failed $5-per…
PEOPLE – Chapleau (March 15, 1999)
James Stypula appointed CEO; Eric Wiltzen appointed president; Allan Relia appointed secretary.
PEOPLE — Twin Gold (March 15, 1999)
Alfred Powis appointed director.
PEOPLE — Ray Rock Ventures
Harry Chew appointed director.
EXPLORATION 1999 — Yatela grows in shadow of Sadiola
Lady Luck may nudge a few mining companies into the spotlight, but keeping them there isn’t part of the deal. That’s why Iamgold (IMG-T) is pushing hard to develop a second gold mine in the shadow of …