Verena strikes emeralds near Paraiso, Brazil
Exploring near the city of Paraiso in Brazil’s Tocantins state, Verena Minerals (VMCO-C) has found an emerald-bearing structure of possible commercial significance.Some of the rough emeralds bought fr…
News
LME WHSE LEVELS (February 23, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb.17/98 (change from Feb. 10 in brackets):MetalStock(tonnes)Change…
Silver Standard raises funds
Silver Standard Resources (SSO-V) has arranged a $3.35-million private placement consisting of 610,000 special warrants at $5.50 each. Each special warrant is exchangeable, without further payment, in…
SPOT PRICES (February 23, 1998)
Wednesday, February 18, 1998Price(US)Week’s ChangeGold*$297.80$1.15Silver*$ 6.72…
Western Copper gets financing
Canaccord Capital has arranged a $5-million financing for Western Copper Holdings (WTC-T), comprising 555,556 special warrants at $9 each.Each special warrant is exercisable for one share and one half…
Boliden doubles profits in eventful year
While creating a stir in North America with a corporate move to Toronto from Sweden, a public flotation and a successful takeover of Westmin Resources (WMI-T), new-kid-on-the-block Boliden (BOL-T) als…
PRODUCER & DEALER PRICES (February 23, 1998)
Aluminium: LME settlements US$1,442, alloy US$1,286 per tonne (Feb. 17/98).Antimony: Representative mid-market US$1,655 per tonne (Feb. 10/98).Bismuth: Representative mid-market US$3.65 per lb. (Feb. …
Melkior, partners intensify efforts
Results from geophysical work and trenching carried out in the Democratic Republic of Congo are adding momentum to the gold-copper-cobalt exploration initiative of partners Melkior Resources (MKR-M) a…
Dia Met forms Finnish partnership with Ashton Mining
Dia Met Minerals (DMM-T) is expanding its search for kimberlite pipes in Finland by entering into a joint venture with Australia-based Ashton Mining.The two companies feel that the integration of thei…
CORRECTION (February 23, 1998)
The article in our Feb. 16-22 issue concerning Semafo’s (SMF-T) Jean-Gobele gold project in Guinea should have statedthat the company now owns a 100% interest in the venture, having acquired Emerging …
Tan Range deals Itetemia interest to Minorca
Tan Range Exploration (TNX-A) has inked a deal with Minorca Resources (MAR-T) whereby the latter can acquire up to a 50% interest in the Itetemia gold property in Tanzania.For its interest, Minorca mu…
Cambior boosts profit, production in 1997
Despite the weakness in gold prices during 1997, Cambior (CBJ-T) managed to boost its earnings, revenues and gold production for the year.The good news is partly due to the company’s far-sighted hedgi…