Breakwater in red despite production gains
Low metal prices and operational problems kept Breakwater Resources (BWR-T) in the red during 1998, despite increases in both zinc and lead production.With property writedowns totalling $32.4 million,…
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GOLD FUNDS (April 12, 1999)
Gold Funds as of April 1, 1999BGRCentralNet Value$13.445.70Price$9.30$5.8…
PRODUCER & DEALER PRICES (April 12, 1999)
Antimony: Representative mid-market US$1,290 per tonne (April 6/99).Bismuth: Representative mid-market US$3.25 per lb. (April 6/99).Cadmium: Representative mid-market US$0.23 per lb. (April 6/99).Chro…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Royal Oak approaches day of reckoning
The precious and base metals markets were relatively quiet during the holiday-shortened March 31-April 6 report period, with the biggest change seen in gold prices, which rose 45 cents to US$280.25 pe…
COAL, URANIUM & OIL SANDS — Boliden to restart Los Frailes
Having obtained the necessary permits, the Spanish subsidiary of Boliden (BOL-T) is gearing up to resume mining operations at the Los Frailes zinc mine near Seville, Spain.Operations were suspended al…
GREATEST VALUE TRADED, Mar. 31-Apr. 6
ExchgVal($000s)HighLowCloseChangeBarrick GoldT138…
Hecla buys La Camorra from Monarch
Hecla Mining (HL-N) has signed a letter-of-agreement to pay US$15 million in cash and US$13 million in shares for the La Camorra gold mine in southeastern Venezuela and all remaining assets held by Mo…
MINING MARKETS & INVESTMENT NEWS — Richmont to buy own stock
Montreal-based Richmont Mines (RIC-T) intends to repurchase shares for cancellation. The Toronto and Montreal Stock Exchanges have accepted the company’s normal course issuer bid, which began March 24…
COAL, URANIUM & OIL SANDS — JNR Resources surveys Athabasca Basin
JNR Resources (JNN-V) has completed airborne geophysical surveys over another three of its 10 uranium properties in the Athabasca Basin in northern Saskatchewan.Approximately 2,200 line-km were flown …
COAL, URANIUM & OIL SANDS — Companies to turn weapons into energy
The governments of the U.S. and the Russian Federation have approved an agreement allowing three international companies to buy uranium derived from Russian nuclear weapons.Cameco (CCO-T) of Canada, C…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — VSE gains reflect internet-related stocks
As speculative interest in internet-related stocks grows to unparalleled heights, those stocks are beginning to represent a good portion of the most active trading issues by volume on both the Vancouv…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Comaplex execs secure options
According to insider trading reports published by the Ontario Securities Commission in its OSC Bulletin, Comaplex Minerals (CMF-T) issued 795,000 options to four executives in February.Mark Balog, off…