GREATEST VALUE TRADED (September 14, 1998)
ExchgVal($000s)HighLowCloseChangeBarrick Gold…
News
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Western markets take step on road to recovery — Polymet, Auspex, Int’l Vestor witness boost in price of shares
The Vancouver Stock Exchange composite index hurtled over the 400 level, making a comeback from last week’s carnage. The index gained 19.53 points, or 5%, to close at 408.39 over the holiday-shortened…
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — Namco boosts output in Namibia
Operator Namibian Minerals (NMR-T) produced 30,300 carats of alluvial diamonds from the Luderitz Bay concession in its latest quarter, ended Aug. 31, up from the 25,900 carats produced in the previous…
Correction (September 14, 1998)
Mining at the Santa Gertrudis project, owned by Campbell Resources (CCH-N), ended in late 1997, though gold production will continue until all the ore remaining on leach pads is processed. The company…
DIAMOND PAGE — American Gem inks distribution deal
Toronto-based American Gem (GEM-V) has signed an agreement granting Gupta Gemhouse the right to become the exclusive distributor of its existing sapphire inventory and future production from the Gem M…
NEWS ROUNDUP — Goldcorp boosts Red Lake reserves
Ongoing definition drilling has enabled Goldcorp (G-T) to report a 47% increase in high-grade reserves at its Red Lake gold mine in northwestern Ontario.High-grade, probable reserves are calculated at…
LME WHSE LEVELS (September 14, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Sept. 8/98 (change from Sept. 1 in brackets):MetalStocks (tonnes)Change…
Adrian, Skyline form JV in Peru
Adrian Resources (ADL-T) and International Skyline Gold (SK-T) will acquire a 63% and a 27% interest, respectively, in the Picuda copper-oxide property in southern Peru.In return, Adrian must pay the …
PRODUCER AND DEALER PRICES (September 14, 1998)
Aluminium: LME settlements US$1,355, alloy US$1,160 per tonne (Sept. 1/98).Antimony: Representative mid-market US$1,250 per tonne (Aug. 25/98).Bismuth: Representative mid-market US$3.45 per lb. (Sept….
Falco curtails D.R. production
Ongoing weakness in world nickel markets has prompted a unit of Falconbridge (FL-T) to curtail production from its 85.26%-owned ferronickel operation in the Domincan Republic.During the 3-month shutdo…
Meetings (September 14, 1998)
Sept. 14, Camnor –Sept. 14, Cont’l Precious Minerals –Sept. 14, Int’l Taurus –Sept. 14, Tenajon –Sept. 14, Western Pacific –Sept. 15, Altagem –Sept. 15, Ascot –Sept. 15, Mazarin –Sept. 15, Med…
Donner resumes drilling near Voisey’s Bay
Donner Minerals (DML-V) has resumed drilling at the South Voisey’s Bay joint venture in Labrador.Drilling had been suspended for one month to allow an ongoing pulse electromagnetic survey to delineate…