METAL PRICES (April 26, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateApril 20April 19April 16Apri…
News
QUERY — Records show Peterson Red Lake remains dormant
My late father was involved in mining most of his life, and after going through some papers I have come across three different mining stocks which I think are now defunct — but before I destroy the c…
MOST ACTIVE ISSUES, April 14-20
ExchgVol(000s)HighLowCloseChangeSikaman GoldT5147…
LATIN AMERICA — Opawica finds gold anomalies at Cura Este
Toronto-based Opawica Explorations (OPW-T) has discovered a new area of anomalous gold mineralization on its 16,000-ha Cura Este property in Argentina’s Valle del Cura district.The discovery, made dur…
LATIN AMERICA — Alumbrera improves performance
With startup problems behind it, the Alumbrera copper-gold mine in northwestern Argentina was close to breaking even in 1998.The open-pit mine, owned 25% by Rio Algom (ROM-T), achieved commercial prod…
Fertilizer king PCS keeps turning a profit
While not quite matching the previous year’s stellar performance, Potash Corp. of Saskatchewan (pcs-t) still managed to turn a considerable profit in 1998.PCS earned US$261 million (or US$4.82 per sha…
LATIN AMERICA — Merger proposed for Alamos, Big Sky Res.
The management of Alamos Minerals (AAS-V) and Big Sky Resources (BKY-V) have proposed a merger.The plan of arrangement calls for Alamos to acquire all the outstanding shares of Big Sky, with the latte…
Champion arranges financing
Champion Resources (CHL-V) will finance a due diligence program on its wholly owned Farim phosphate project in Guinea-Bissau, West Africa, by selling a 3-million-unit, non-brokered private placement t…
DIAMOND PAGE — Kennecott finds dyke on DHK claims
Kennecott Canada Exploration has intersected 2.1 metres of a kimberlite dyke while drill-testing an anomaly that lies close to a known kimberlite pipe on the DHK claim block, at the southwestern end o…
DIAMOND PAGE — Diavik feasibility study delayed until mid-year
The final feasibility study for the proposed Diavik diamond mine project in the Lac de Gras area of the Northwest Territories will be not be completed until the federal minister of the environment has…
Corona, Harte sweet on Sugar
Drilling by Corona Gold (CRG-T) at the Sugar Zone gold deposit, 25 km north of White River, Ont., has substantiated a resource of 692,000 tonnes grading 6.9 grams gold per tonne.Corona, which is fundi…
PFN acquires River Valley
Intent on discovering platinum group elements, Pacific North West Capital (PFN-A) has acquired the River Valley property in Pardo and Dana twps., northeast of Sudbury, Ont.The junior has already tied …