FACTS ‘N’ FIGURES — China rethinks gold stance
The People’s Bank of China (PBC), which has full control over China’s gold policy and regulations, recently announced that the official purchasing price paid by the PBC to mine producers would be redu…
News
LATIN AMERICA — Meridian nears production decision at El Penon
Having established itself as a successful mid-tier gold producer in the western United States, Meridian Gold (MNG0-T) has now set its sights on northern Chile.The Nevada-based company is months away f…
Pioneer Metals pins hopes on Riou Lake
Vancouver-based junior Pioneer Metals (PSM-T) is using results from a recently completed electromagnetic survey on its Riou Lake property in the Athabasca Basin of northern Saskatchewan to pinpoint ar…
LATIN AMERICA — Prefeasibility study begins on Dolores gold-silver project
Minefinders (MFL-T) has engaged MRDI Canada, a division of H.A. Simons, to complete a prefeasibility study on the promising Dolores gold-silver project in Mexico’s Chihuahua state.The Dolores project …
LATIN AMERICA — MacMillan outlines gold targets in Peru
A program of geological mapping and geochemical sampling has yielded encouraging results for MacMillan Gold (MMG-T) at the Armonia epithermal gold project near Lima, Peru.The property hosts extensive …
METAL PRICES – Daily Metal Prices (April 06, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMar. 31Mar. 30Mar. 27Mar. 26Mar…
LATIN AMERICA — Cerro Samenta dispute settled
A recently signed agreement between Mansfield Minerals (MDR-V) and Corriente Resources (CTG-T) has marked the end of a legal dispute over ownership of the Cerro Samenta copper property in Argentina.Th…
LATIN AMERICA — General Minerals expands size of Chilean porphyry, prepares for coming year
General Minerals (GNM-T) has expanded the area of known mineralization at its Escalones copper porphyry target in Chile, and hit promising precious metal values at a new target in Peru.At Escalones, G…
Bre-X action names Barrick
Claiming that Barrick Gold (ABX-T) knew as early as October 1996 that Bre-X Minerals’ Busang gold deposit was a hoax, lawyers representing shareholders in a class-action suit have named the gold produ…
Franco buys Stillwater royalty from Johns Manville
In the biggest acquisition in company history, Franco-Nevada Mining (FN-T) purchased Johns Manville’s last remaining royalty interest in the Stillwater platinum-palladium mine in Montana.The Toronto-b…
Crystallex blames short sellers for share erosion
When doubts surfaced a year ago that Bre-X Minerals had only fool’s gold at Busang, the company blamed short sellers and a “well-oiled misinformation campaign.” Management of Crystallex International …
Royal Oak finds savior
Royal Oak Mines (RYO-T) has obtained US$120 million to help finance the completion of the Kemess gold-copper mine in north-central British Columbia.Toronto-based Trilon Financial came to the rescue, a…