Mixed results mark Breakwater’s quarter
The recent downturn in lead and zinc prices affected the first-quarter earnings reported by Breakwater Resources (BWR-T).The Toronto-based company earned $1.6 million (or 2cents per share) in the 3-mo…
News
Redaurum scoops up mining assets
Toronto-based Redaurum (RRK-T) is acquiring the assets of Centenary Investments and, toward that end, will complete a private placement of up to $12 million.The assets, valued at $160 million, consist…
Meetings (May 11, 1998)
May 11, CochiseMay 11, GlobexMay 11, Huldra SilverMay 11, New Venero GoldMay 11, Silverado GoldMay 11, Southern Africa MineralsMay 11, Vista GoldMay 11, Windy MountainMay 12, Barrick GoldMay 12, Condo…
PRODUCER AND DEALER PRICES (May 11, 1998)
Aluminium: LME settlements US$1,414, alloy US$1,291 per tonne (May 5/98).Antimony: Representative mid-market US$1,525 per tonne (May 5/98).Bismuth: Representative mid-market US$3.90 per lb. (May 5/98)…
Condor identifies kimberlite pipe
Initial results of till sampling have revealed highly anomalous kimberlite indicator minerals at the Kikerk Lake diamond project in the Northwest Territories.Condor International Resource (COD-V) repo…
FACTS ‘N’ FIGURES — Spending peak has passed
Spending on mineral exploration worldwide likely peaked in 1997, according to a report released by Halifax, N.S.-based Metals Economics Group.Entitled Corporate Exploration Strategies: A Worldwide Ana…
Clifton Mining receives Earth Day award
Clifton Mining has been selected as a 1998 Earth Day Award winner by the Utah Board of Oil, Gas and Mining, in recognition of the company’s reclamation work at its Herat mine in Tooele Cty.Clifton’s r…
CORRECTION (May 11, 1998)
In our April 13- 19 issue, the Boleo copper-cobalt-zinc project of International Curator Resources (IC-T) in Baja California Sur, Mexico, was quoted as having a cobalt grade of 0.89%. The correct grad…
Nasdaq boots “desert dirt”
Shares of International Precious Metals (IPMC-C) have been delisted from the Nasdaq SmallCap Market after regulators raised concerns about the “adequacy” of the company’s disclosure during the 18-mont…
LME Warehouse Levels (May 11, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Apr.28/98 (change from Apr. 21 in brackets):MetalStock(tonnes)Change…
Abacus hits hot values at La Manchuria
Abacus Minerals (AMC-T) has received results from the first two holes of its recently completed first-phase drill program at the La Manchuria property in Argentina’s Santa Cruz province.Both holes enc…
Rio Algom’s operations enjoy profitable quarter
While weak copper prices hurt its bottom line, Rio Algom (ROM-T) nevertheless turned in a strong quarter from an operational standpoint, with both increased copper production and lower cash costs.The …