METAL FUTURES (June 29, 1998)
Settlement prices for London Metal Exchange spot metal and three-month contracts, June 23/98 (US$ per tonne):MetalsCash Price3 Month Price…
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METAL PRICES — Daily Metal Prices (June 29, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateJune 23June 22June 19June 18Jun…
Eldorado streamlines La Colorada — Production levels rise as operating costs kept to minimum
With annual production steadily increasing and a cost-cutting program in the works, the La Colorada gold mining operation in Mexico’s Sonora state is being optimized in order to help Eldorado Gold (EL…
BASE METALS — NovaWest buys into Grand Nord property
Vancouver-based NovaWest Resources (NVE-V) will acquire a half-interest in the Grand Nord polymetallic prospect in northern Quebec. The remainder will be held by project operator Falconbridge (FL-T).I…
Phelps Dodge picks up Brazilian unit
Taking advantage of the fast growing market in carbon black, Phelps Dodge (PD-N) will acquire a Brazilian carbon black manufacturing business from Luxembourg-based major Minorco (MNRC-Q).The Arizona-b…
St Andrew uncovers more gold at Stock mine
Junior St Andrew Goldfields (SAS-T) has discovered three gold prospects near its past-producing Stock gold mine near Matheson, Ont.Each prospect was found while drilling induced-polarization (IP) anom…
BASE METALS — Feasibility gives thumbs-up to Varvarinskoye gold-copper project
With a positive feasibility study now in hand, Kazakhstan Minerals (KMC.U-T) plans to seek financing for its 86%-owned, past-producing Varvarinskoye gold-copper deposit.The study outlined a minable re…
GUEST COLUMN — Facing the future of mining
The author is Canada’s Minister of Natural Resources. He has written this article at the request of Mining Works for Canada, a grassroots campaign designed to increase awareness of the importance of m…
BASE METALS — TVI aims to finance Canatuan project in the Philippines
Low prices for gold and base metals have resulted in a moderate first-quarter loss for TVI Pacific (TVI-T), hampering the company’s efforts to advance the Canatuan project on the southern Philippine i…
Corrections (June 29, 1998)
The 10-oz. Silver Maple Leaf coin recently pressed by the Canadian Mint has a face value of $50 and retails for $199.99. The coin is the largest legal tender coin ever produced in Canada. Incorrect in…
Gitennes defines Rio Suro with underground drilling
Junior Gitennes Exploration (GIT-T) has launched an underground drilling program on the Rio Suro zone at its Virgen property in northern Peru in an attempt to outline a proven reserve to a vertical de…
Falco, NAR drill targets in Zimbabwe — Program defines zone of massive sulphides
Drilling by partners Falconbridge (FL-T) and NAR Resources (NRL-M) at their Maramba project in northeastern Zimbabwe has defined a 4.5-km alteration zone containing significant copper-zinc-silver mass…