PRODUCER & DEALER PRICES (December 07, 1998)
Aluminium: LME settlements US$1,300, alloy US$1,080 per tonne (Dec. 1/98).Antimony: Representative mid-market US$1,295 per tonne (Dec. 1/98).Bismuth: Representative mid-market US$3.20 per lb. (Dec. 1/…
News
MINING MARKETS & INVESTMENT NEWS — Pursuit writes down properties, shifts focus
It once held one of Kalimantan’s largest land positions, most of which was acquired during the height of the Busang-fueled gold exploration boom. But that boom has gone bust, prompting International P…
MINING MARKETS & INVESTMENT NEWS – INSIDER TRADING — Diadem execs nab options
Insider trading transactions recently reported in the OSC Bulletin, published by the Ontario Securities Commission, include the following:Diadem Resources (DIR-M) — Michael Bird, officer, was granted…
Software can affect geostats
One serious problem in the use of geostatistics to estimate reserves and not mentioned in the correspondence you have published on this topic arises when there is a mistake in the computer program.In …
Asarco to take US$45m charge
New York, N.Y.-based Asarco (AR-N), which lost more than US$15 million in the third quarter, says it will take a US$45-million charge in the fourth quarter.The charge is intended to cover the costs as…
Azimut options more ground in Quebec
Two separate option agreements set the stage for Azimut Exploration (AZM-M) to earn interests in the Joutel and Malartic gold properties in Quebec’s Abitibi camp.To earn a 50% interest in the Joutel p…
METAL PRICES (December 07, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateDec. 1Nov. 30Nov. 27Nov. 26…
GOLD FUNDS (December 07, 1998)
Gold Funds as of November 26, 1998BGRCentralNet Value$14.275.96Price$10.50…
Prime accepts Homestake offer
Shareholders of Prime Resources Group (PRU-T) have accepted Homestake Mining’s (HM-N) offer to acquire the 49.9% of Prime it does not already own.Homestake Chairman Jack Thompson says the transaction …
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — TSE cushioned by merger mania, producers take cover
Gold producers, base-metal companies edge downward in lacklustre week The Toronto Stock Exchange 300 index fell 113.13 points during the report period Nov. 25-Dec. 1, ending the week at 6,457.14. Trad…
TSE INDICES (December 07, 1998)
1998Dec. 1Nov. 30Nov. 27Nov. 26Nov. 25HighLowComp…
Gitennes to sell flagship property in Peru to Cambior
Cambior (CBJ-T) will become the new owner of Gitennes Exploration’s (GIT-T) flagship property in Peru under the terms of a proposed option agreement between the two companies.In exchange for cash paym…