Kennecott reports Rocking Horse winner
Kennecott Canada Exploration has discovered a new kimberlite body on the Rocking Horse property, northwest of the Jericho region in the Nunavut Territory.Rocking Horse is one of three properties in wh…
News
Richmont posts modest quarterly loss
Low gold prices are taking their toll on Richmont Mines (RIC-T), a Montreal-based gold miner with operations in Quebec and Newfoundland.The company posted a loss of $517,685 (or 3 cents per share) on …
METAL PRICES (May 17, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMay 11May 10May 7May 6…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — UK gold sales scuttle month-long rally
Britain’s central bankers added to gold’s woes during the May 5-11 report period by announcing that they would sell 125 tonnes (4 million oz.) of the country’s 715-tonne gold stockpile during fiscal 1…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Drawn out days
The following is the fourth in a series of articles in which the author, an exploration geologist based in Delta, B.C., recounts his experiences working in the jungles of Venezuela in the late 1980s a…
Ashanti posts record quarter
West Africa’s largest gold miner, Ashanti Goldfields (ASL-T), achieved record production in the first quarter, while, at the same time, reducing cash costs to below what they were a year ago.The 402,1…
Cameco enters deal with Cogema Resources
For $243 million and a pretax gain of about $63 million, Cameco (CCO-T) has sold interests in three uranium projects in northern Saskatchewan to French government-owned Cogema Resources.Cogema acquire…
Ashton finds more micros in new Buffalo Hills pipes
Microdiamond analyses of samples from four new kimberlite pipes found in the Buffalo Hills region of northern Alberta have determined that three of the pipes are diamondiferous.Ashton Mining of Canada…
Anatolia expands in Turkey
Junior Anatolia Minerals Development (AMCD.U-C) has acquired a new property in central Turkey, adding to its large holdings in that country.The 100,000-ha Ilich property, situated 120 km southeast of …
Bolivar pushes Tomi to capacity
Having reached planned capacity of 1,500 tonnes per day, the Tomi mine in Venzeula’s El Callao district is expected to produce an average of 46,000 oz. gold annually at an average cost of US$173 per o…
PRODUCER & DEALER PRICES (May 17, 1999)
Antimony: Representative mid-market US$1,240 per tonne (May 11/99).Bismuth: Representative mid-market US$3.55 per lb. (May 11/99).Cadmium: Representative mid-market US$0.23 per lb. (May 11/99).Chromiu…
INSIDER TRADING — AMF, Argosy execs increase holdings
Recent insider trading reported in the Ontario Securities Commission’s OSC Bulletin includes the following:America Mineral Fields (AMZ-T) — Bernard Vavala, director, bought 27,200 shares at 59-69 cen…