PRODUCER & DEALER PRICES (June 21, 1999)
Antimony: Mid-mkt US$1,270/t (June 15/99).Bismuth: Mid-mkt US$3.65/lb (June 15/99).Cadmium: Mid-mkt US$0.22/lb (June 15/99).Chromium: Recent trades US$60.00-90.00/t (June 15/99).Cobalt: Recent trades …
News
Bolivar to extend life of Tomi
During a 1-year preproduction and ramping-up period, the Tomi gold mine in Venezuela’s El Callao district processed and sold 30,000 oz. gold and generated revenue of US$8.6 million. The open-pit opera…
Careers (June 21, 1999)
Wabush Mines has an immediate opening at the site of its open pit and ore dressing complex in Wabush, Labrador, for the following:Mining EngineerReporting to the Chief Mining Engineer, the mine engine…
CORRECTIONS (June 21, 1999)
A report, in our June 7 issue, on Major General Resources’ (MGJ-V) Hammerdown gold project contained incorrect information about the size of a recoverable gold resource. The Newfoundland project conta…
Nelson writes down Zeravshan investment
Low gold prices and a mine-plan review have prompted Nelson Gold (NLG-T) to write down its investment in Zeravshan Gold, operator of the Jilau gold mine in Tajikistan.Although 1998 production increase…
General Minerals expands discovery
In the west-central Bolivian department of Cochabamba, General Minerals (GNM-T) is expanding silver mineralization at its Atocha property.Tunneling into the underground target has encountered silicifi…
Eldorado sizes up Turkish gold deposit — Reserves at Sao Bento in Brazil expected to rise
Drilling will enable Eldorado Gold (ELD-T) to evaluate the size and grade of the Gokgoz Tepe zone at its wholly owned Kisladag project in western Turkey.This season’s program, budgeted at US$725,000, …
NEVADA & THE WESTERN STATES — Kinross and Mirandor strike gold at Railroad
A discovery hole and the exploration potential of the Railroad gold property in Nevada have heartened partners Kinross Gold (K-T) and Mirandor Exploration (MIQ-M).A technical report by Kinross, which …
NEVADA & THE WESTERN STATES — Vengold explores in Walker Lane Trend
Vancouver-based Vengold (VEN-T) is exploring for the yellow metal on its newly acquired Pamlico property, southeast of Hawthorne in Nevada’s Walker Lane region.To date, the company has completed mappi…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — TSE inches up as equity markets recover
Base metals ahead of market in response to better commodity prices The base metals led the winning sectors as the Toronto Stock Exchange advanced slightly over the five trading days ended June 8. The …
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Weak metal prices flatten western markets — Cons. Silver Tusk among few bright spots as malaise grips VSE
The Vancouver Stock Exchange composite index lost 8.09 points, or 1.8%, over the report period ended June 8, to close the week at 444.62. The mining index followed suit, losing 4.07 points, or 1.3%, t…
DIAMOND PAGE — Kimberlite sill proves diamondiferous
Encouraging results are reported from the Munn Lake kimberlite sill discovery at the Back Lake project in the Northwest Territories.A 42-kg aggregate kimberlite sample collected from two core holes an…