Meeting to introduce new safety group
The mining sector of the Ontario Natural Resources Safety Association (ONRSA) will use the occasion of its annual conference to showcase its transformation into the Mines and Aggregates Safety and Hea…
News
Diavik inks deal with natives
Diavik Diamond Mines has signed a co-operation accord with the four chiefs of the Dogrib Nation in Yellowknife, N.W.T.Diavik is proposing to develop a diamond mine with its partner, Aber Resources, at…
Wespac steps up drilling at Fauro
Montreal-based Western Pacific Mining Exploration (WPC-M) has launched a new program of exploration at its Fauro Island gold project in the Solomon Islands, east of New Guinea.* Ballyrorio prospect –…
Metal prices force Teck to take writedowns
Given the substantial decline in metal prices of late, Teck (TEK-T) has decided to take fourth-quarter, year-end writedowns totalling $175 million.The largest single component of the writedown is $52 …
COMMENTARY — Holding gold
Although the European Central Bank (ECB) will not come into formal existence until Jan. 1, 1999, its governing council will need to make a large number of decisions prior to this time, and one of thes…
STOCK MARKETS — Western stocks drop slightly despite modest rise in VSE — Kalahari, Abacus, Kensington among juniors to have made modest gains
The Vancouver Stock Exchange composite index was up just 1.3 points, or 0.2%, over the report period ended Feb. 17, to close at 632.31. The mining index slipped 4.79 points, or 0.9%, to finish at 519….
Aurado picks up Mexican ground
Aurado Exploration (AEO-T) has signed a deal with a subsidiary of Cominco (CLT-T) to acquire interests in two properties near the San Nicolas massive sulphide discovery in Zacatecas state, Mexico.In o…
MOST ACTIVE ISSUES, Feb. 11-17
ExchgVol(000’s)ClosePatricia MnsV158170.19Aurado ExplT…
GREATEST VALUE TRADED, Feb. 11-17
ExchgVol(000’s)HighLowCloseChangeBarrick GoldT157…
EDITORIAL — Sober realism replaces euphoria — Investment blues
In the heady days of 1996 — before Bre-X Minerals’ phantom gold deposit blew up on the world stage, and before most metals prices went into the dumper — Canadian exchanges were riding high on an inv…
Romarco hits at Midas
Final 1997 assays from the Midas project in northern Nevada returned strong gold values for Romarco Minerals (R-T).The company completed 57 holes (31 core and 26 reverse-circulation) at Midas in 1997,…
STOCK MARKETS — VSE gathers steam while ASE holds steady — Drill results boost Great Basin, Avalon; GMD fails to recover
The Vancouver Stock Exchange composite index added 17.54 points, or 2.9%, to close at 631.01 over the report period ended Feb. 10. The mining index gained 18.53 points, or 3.7%, to close at 524.01. Th…