Lac des les turns a profit
North American Palladium (PDL-T) has pocketed a small profit for the third quarter as a result of improvements in costs and productivity at the Lac des les palladium mine near Thunder Bay, Ont.The ju…
News
EDITORIAL & OPINION – COMMENTARY — Stainless to join low demand club
The stainless steel market in 1997 was one that transpired from ongoing optimism to that of great uncertainty. Despite the recovery of the global economy from a slower period of growth in 1996, with i…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Pessimisim haunts producers, spooks market
The Toronto Stock Exchange 300 index lost a modest 57.37 points in the report period ended Dec. 7, to end the week at 6,399.77.The precious metals and minerals sub-group suffered another dismal period…
GREATEST VALUE TRADED (December 07, 1998)
ExchgVal ($000s)HighLowCloseChangePlacer DomeT189…
Patrician picks up Argyle
Patrician Gold Mines (PXX-A) has acquired ground near the past-producing Ashley gold mine in an area 25 km west of Matachewan, Ont.The junior acquired a full interest in the 2,198-ha property, named A…
Rio Tinto cuts copper in Peru
A hole drilled on the Aguila concession in north-central Peru has intersected 400 metres of mineralization grading 0.63% copper and 0.04% molybdenum, as well as 0.04 gram gold and 1.9 grams silver per…
Hecla holds the line on production costs
Low silver and gold prices are taking their toll on Hecla Mining (HL-N), despite ongoing efforts to reduce production costs at mines in North and South America.The Idaho-based company reported a net l…
Western Pacific extends zone
Follow-up trenching has extended a copper zone at Western Pacific Gold’s (WPI-G) Mbetilonga porphyry copper-gold prospect in the Solomon Islands.The trenching was designed to continue testing the Hamb…
EDITORIAL & OPINION – COMMENTARY — Markets deter African investment
Investments in African mineral projects have fallen off, the chief reason being diminished confidence in emerging markets prompted by the collapse of the Asian market and current political and economi…
Bruneau wraps up prefeasibility study
Montreal-based Bruneau Minerals (BRM-M) has completed a positive prefeasibility study of its calcium carbonate deposit north of Lac St.-Jean, Que.Laval-based Gostat International oversaw the study, w…
SETTING NEW STANDARDS — Investor protection key to new guidelines
Higher disclosure standards among several changes advocated It was the stated goal of the Mining Standards Task Force to “enhance investor protection.” The mineral industry has debated the new proposa…
Miramar conserving capital
Miramar Mining (MAE-T) made a profit of $1.6 million in the third quarter, compared with a loss of $15.2 million in the corresponding period of 1997.The recent quarterly performance reflects a gain of…