The good news: the Toronto Stock Exchange 300 index climbed 299.37 points during the report period Oct. 28-Nov. 3, to end the week at 6,296.51. The bad news: gold was devalued once again, dropping US$…
Steel markets in North America and Europe are weakening as a result of cheaply produced Asian imports. However, Australian major North Limited, confident of a long-term recovery, has announced major c…
The Vancouver Stock Exchange composite index, for the first time in weeks, has climbed above the 400-level. During the report period ended Nov. 3, the composite closed at 401.7, up 12.33 points, while…
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateNov. 3Nov. 2Oct. 30Oct. 29…
Metallurgical tests on an oxide sample from the the True North deposit in central Alaska have returned favorable results for La Teko Resources (LAO-T).The 50-ton sample consisted of material from both…
As someone responsible, to a great extent, for formulating the proposed “Qualified Person” (QP) concept in the mining industry, particularly in exploration and mine development, I would like to respon…
I left Alberta for Ontario in the late 1920s. It was to be a new life for me and my family at the Dome mines, near Timmins.By that time, Dome operations had slipped in some ways. Many of the buildings…
Ormonde Mining (OMP-V) has agreed to earn a half-interest in the Mgusu gold property in the Victoria Goldfields district of Tanzania.The property consists of two prospecting licences and three claim b…
The Big Score:Robert Friedland, Inco andthe Voisey’s Bay HustleBy Jacquie McNishDoubleday Canada Limited105 Bond StreetToronto, Ont. M5B 1Y3The 1993 discovery of the Voisey’s Bay nickel-copper-cobalt …
Low gold prices have forced Newmont Mining (NEM-N) to lay off more workers at its Nevada operations.The company cut 150 jobs at its Carlin Trend and Lone Tree-Twin Creeks operations, representing 5% o…
Gitennes Exploration (GIT-T) has outlined two bedrock targets at its Azul joint-venture gold project in east-central Peru.The two targets, dubbed Negro and Yuyapichis, are near the upper portion of th…
Aluminium: LME settlements US$1,316, alloy US$1,115 per tonne (Nov. 3/98).Antimony: Representative mid-market US$1,250 per tonne (Nov. 3/98).Bismuth: Representative mid-market US$3.15 per lb. (Nov. 3/…
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