Royal arranges royalty conversion
Royal Gold (RGLD-Q) has converted its 20% net profits interest in Nevada’s South Pipeline deposit into a gross smelter royalty on both that and the main Pipeline deposits.Situated in the state’s centr…
News
Diavik explores Pure Gold North
A ground geophysical survey program is testing up to three high-priority airborne anomalies on the Pure Gold North claims, 55 km east of the Ekati diamond mine in the Northwest Territories.Diavik Diam…
MINING MARKET & INVESTMENT NEWS — WESTERN MARKETS — Polymet, AG among gainers on buoyant VSE
The Vancouver Stock Exchange composite index rose 3.36 points, or 0.8%, to finish the week ended April 13 at 429.85. The mining index lost 3.55 points, or 1.16%, and closed at 302.74.Meanwhile, the co…
PRODUCER & DEALER PRICES (April 19, 1999)
Antimony: Representative mid-market US$1,285 per tonne (April 13/99).Bismuth: Representative mid-market US$3.25 per lb. (April 13/99).Cadmium: Representative mid-market US$0.23 per lb. (April 13/99).C…
MOST ACTIVE ISSUES, April 7-13
ExchgVol(000s)HighLowCloseChangeAmerican GemT1308…
PEOPLE — Fairmile Gold
Michael Raftery appointed director.
PEOPLE — Golden Gate Resources
Phil Lawry appointed director.
MINING MARKET & INVESTMENT NEWS — EASTERN MARKETS — Kinross solidifies producer status with True North
Gold prices showed some strength during the April 7-13 report period, rising $3.60 to US$283.85 per oz. on the London morning fix of April 14.Gold’s rise buoyed Canada’s two biggest producers, with Ba…
LETTER TO THE EDITOR — Ontario’s ‘Living Legacy’ bolsters certainty
At the same time that the provincial government released “Living Legacy,” the Ministry of Northern Development and Mines also released its “Commitments to the Minerals Industry.” Leaders in the minera…
MINING MARKET & INVESTMENT NEWS — TSE Short Positions
Short positions outstanding at March 31, 1999Larger individual positions include:Abitibi-Consolidated 956,778, up 463,778; Alcan Aluminium 845,904, up 215,568; American Gem 111,065, up 111,065; Anders…
NWMA opposes amendments
The Northwest Mining Association (NWMA) is urging U.S. mining companies to oppose recommended changes to regulations governing hardrock mining on lands managed by the Bureau of Land Management (BLM).T…
Platexco upgrades resources at Winnaarshoek
As part of an ongoing prefeasibility study, Platexco (PTX-T) has upgraded the resources contained in the Merensky and UG-2 reefs at its Winnaarshoek platinum group metals (PGM) property on the eastern…