Gibraltar mine axed by Boliden
New bedfellows Boliden (BOL-T) and Westmin Resources (WMI-T) have decided to cease perations at the Gibraltar copper mine, in south-central British Columbia, by the end of 1998.The decision to suspend…
News
Strong performance for Iamgold
A strong performance by its 38%-owned Sadiola Hill gold mine in Mali, West Africa, propelled Iamgold (IMG-T) to profitable heights in 1997.It was the first year of operation for Sadiola Hill, in which…
SUPPLIERS NEWS ROUNDUP — Scintrex buys Auslog
Geophysical instrument firm Scintrex has entered into a definitive agreement to acquire Australian-based Auslog, a leading manufacturer of borehole geophysical instruments.The transaction is expected …
Claude posts solid results
Record production from the Seabee gold mine northeast of La Ronge, Sask.helped make 1997 the best year ever for Claude Resources (CRJ-T).Revenues for the year ended Dec. 31, 1997 totalled $34.6 millio…
Falco pulls plug on Konkola
Base metal major Falconbridge (FL-T) has walked away from the Konkola copper project in Zambia.In February 1997, Falco entered into an arrangement with Anglo American’s 50.6%-owned subsidiary, Zambia …
Noveder hits copper-gold at Baie Verte property
Geophysical surveys carried out on Newfoundland’s Baie Verte Peninsula have confirmed the presence of copper-gold mineralization at the Cabot project of Noveder (NED-M).The program outlined a surface …
GREATEST VALUE TRADED, Mar. 18-24
ExchgVol(000’s)HighLowCloseChangeBarrick GoldT195…
LME WAREHOUSE LEVELS (March 30, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.24/98 (change from Mar. 17 in brackets):MetalStock(tonnes)ChangeAluminium547250(-5200)Copper352250(-2775)Lead98100(-560…
SUPPLIERS NEWS ROUNDUP — Kvaerner wins Irish contract
Lisheen Mining, a joint venture between Minorco and Ivernia, has picked Kvaerner Cementation of Ireland to supply the zinc-lead concentrator for the treatment of underground ore from the Lisheen base …
GOLD FUNDS (March 30, 1998)
Gold Funds as of March 19, 1998BGRCentralNet Value$15.00$6.01Price$11.55$…
MOST ACTIVE ISSUES, Mar. 18-24
ExchgVol(000’s)Close.ZSTVX Gold IncT102274.35Placer DomeT…
Latest results fuel SAR’s hopes in Sweden — Company plans re-evaluation of previous assays
The 39%-owned Swedish subsidiary of Vancouver-based South Atlantic Resources (SCQ-V) has received a pleasant surprise at its Vargbacken gold project in Sweden.Results from drill hole 16 show a 7.3-met…