Eldorado cuts costs at Sao Bento mine
Modifications to the Sao Bento mine in eastern Brazil have enabled Eldorado Gold (ELD-V) to reduced overall cash operating costs in the third quarter.The company’s cash costs were slashed by 18%, to U…
News
OBITUARY — Robert Smith
Robert M. Smith, a mining engineer who was often described as “the soul” of Barrick Gold, died Oct. 27 in a Toronto hospital from complications resulting from surgery. He was 66.While Chairman Peter M…
GOLD FUNDS (November 02, 1998)
Gold Funds as of October 22, 1998BGRCentralNet Value$14.035.97Price$10.60…
Choiceland property dispute sparks charges of leaks
The claim dispute between Saskatchewan steel producer Ipsco (IPS-T) and junior explorer Copperquest (COPQ-C) continues, with accusations that Ipsco was provided advance information that the disputed a…
Careers (November 02, 1998)
Diavik Diamond Mines Inc.
NAME CHANGE (November 02, 1998)
Warner Ventures (WVL-V) has changed its name to Copper Ridge Explorations (KRX-V) on a 1-new-for-4-old-share basis.
CORRECTION (November 02, 1998)
Our Insider Trading report of Sept. 28 reported that Comaplex Minerals (CMF-T) had bought 10,000 shares in Cumberland Resources (CBD-T) at $1.50 to hold 1,616,400 shares.The transaction did take place…
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Gloomy year for spending
Exploration budgets for 1998 have dropped dramatically following the decade’s peak of US$5.1 billion in 1997, according to a report penned by Halifax, N.S.-based Metals Economics Group (MEG).Total exp…
Vista buys Mineral Ridge from Cornucopia
Vista Gold (VGZ-T) has acquired the Mineral Ridge gold mine in southern Nevada from Cornucopia Resources (CNP-T).In return, Vista has issued US$250,000 in stock to Cornucopia and purchased US$250,000 …
Nisga’a treaty contentious
Your Sept. 14 editorial about aboriginal land claims being conducted “behind closed doors” raises questions about the Nisga’a treaty. The treaty, also conducted without public input, has now become a …
MOST ACTIVE ISSUES (November 02, 1998)
ExchgVol (000s)HighLowCloseChangePlacer DomeT1272…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Junior mining issues help buoy VSE
The Vancouver Stock Exchange composite index climbed 4.75 points, or 1.2%, to finish the report period ended Oct. 27 at 389.37. The mining index remained steady, edging up only 0.03 of a point, to clo…