Costs cut at Nanisivik
Breakwater Resources (BWR-T) reports that milling improvements at its Nanisivik zinc mine on Baffin Island are partly responsible for a boost in earnings last year.The remote operation turned a profit…
News
MINING MARKETS AND INVESTMENT NEWS – WESTERN MARKETS — Composite, mining indices dip in Vancouver, Alberta
The Vancouver Stock Exchange composite index lost 3.57 points, or 0.56%, to close at 632.51 over the report period ended April 21. The mining index also dipped, losing 8.2 points, or 1.6%, to close at…
Placer Dome buys stake in Vengold
Placer Dome (PDG-T) has acquired a 16.8% interest in Vengold (VEN-T) by subscribing to 23.6 million of the company’s shares at $1.75 each, for gross proceeds of $41.3 million.Vengold’s primary asset i…
Drilling expands San Nicolas
Recent drill results from the San Nicolas discovery in Mexico’s Zacatecas state have expanded the massive sulphide deposit. The body appears to be closing off to the northeast and northwest, but remai…
Cameco eyes Uranerz units
Uranium miner Cameco (CCO-T) has entered into an agreement-in-principle to acquire the two North American-based subsidiaries of German-based Uranerzbergbau.The deal will see Uranerzbergbau, which is j…
DIAMOND PAGE — Namco ups ocean diamond output
The return of an ocean-going production vessel to the Luderitz Bay diamond concession, off the coast of Namibia, has increased recovery rates for Namibian Minerals (NMR-T).The MV Kovambo returned to t…
Meetings (April 27, 1998)
Apr. 27, Abitibi-Consolidated DesjardinsApr. 27, CadreApr. 27, Cassidy GoldApr. 27, CopperstoneApr. 28, BreakwaterApr. 28, Bright StarApr. 28, Golden ChiefApr. 28, Gulf IndonesiaApr. 28, Int’l Skyline…
Bema looks to Russia for future growth
The economics of an advanced-stage deposit in the Russian Far East containing 1 million gold-equivalent ounces are strong enough that Bema Gold (BGO-T) is making a bid to acquire its 79% owner, Britis…
OBITUARY — Murray Pezim dead
Legendary stock promoter Murray Pezim died April 22 of an apparent heart attack. He was 77 years of age.Pezim was best known for his role in the discovery of the Hemlo gold camp in Ontario and the Esk…
Falconbridge predicts growth in base metals
Though depressed metal prices curtailed first-quarter earnings for Falconbridge (FL-T), company president Oyvind Hushovd told shareholders at their recent annual meeting that brighter times are ahead….
GEOLOGY 101
Banded iron formation-hosted gold deposits, Part IBanded iron formation-hosted gold deposits consist of gold intergrown with quartz and/or sulphide minerals in deformed and structurally complicated ir…
1998 Mining for Miracles campaign launched
The 11th annual Mining for Miracles campaign is under way in British Columbia.Over the past 10 years, the campaign has raised and contributed almost $3.5 million to B. C.’s Children’s Hospital Foundat…