CORRECTION (April 27, 1998)
In our April 13 report on Cameco’s (CCO-T) Cigar Lake project, we stated that the Midwest project “has yet to be granted government approval.” In fact, the Midwest project received approval from the g…
News
NEW LISTINGS — Vancouver Island attracts Snowfield
With its recent listing on the Vancouver Stock Exchange, Snowfield Resources (SNO-V) intends to drum up financial support to further explore its Snow property on Vancouver Island, B.C.The gold-silver …
CIM prepares to take a licking
Canada Post will issue a stamp to honor the 100th anniversary of the founding of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM).The stamp was designed by Monique Dufour and Sophie La…
SPOT PRICES GOLD FUNDS
Wednesday, April 22, 1998Price (US)Week’s ChangeGold*$311.20+ $2.85Silver*$ 6.31…
Nevada Pacific strikes deals on gold projects
Privately owned Nevada Pacific Gold has struck a tentative deal with royalty sisters Euro-Nevada Mining (EN-T) and Franco-Nevada Mining (FN-T) to explore the companies’ South Carlin property, in Nevad…
EDITORIAL — Delgamuukw ties B.C. in knots — The pall of uncertainty
As Eastern Canada trucks along to economic recovery and Alberta basks in its status as an investment haven, British Columbia is floundering under the combined weight of the Asian crisis and poor gover…
Monopros joins Alberta hunt
Monopros, no stranger to Alberta diamond exploration, has thrown its hat into the ring and entered into a proposed joint-venture agreement with Troymin Resources (TRY-A) on a land package totalling 1….
Naneco commissions study for deposit
Calgary-based Naneco Minerals (NNE-A) has retained the consulting group of Watts Griffis & McOuat to prepare a prefeasibility study on the Jiawula polymetallic deposit in the Inner Mongolia region of …
LionOre posts writedown
LionOre Mining International (LIM-T), which continues to explore for gold and nickel in Australia and Botswana, has readjusted its books in response to weak gold prices and a decline in the Australian…
Kinross eyes stake in True North
Through a private placement in La Teko Resources (LAO-V), Kinross Gold (K-T) has demonstrated its interest in purchasing the majority share of the True North deposit in Alaska, held by Newmont Mining …
MINING MARKETS AND INVESTMENT NEWS — Freeport’s growth plans in Indonesia get nod
Simon Beardsmore, mining analyst with T. Hoare, has given a thumbs-up to the long-term growth plans of Freeport McMoRan Copper & Gold (FCX-N), operator of the huge Grasberg mine in Indonesia.”Grasberg…
Tyranex raising funds to buy Mineral Hill
Tyranex Gold (TXGI-C) is in the process of raising more than US$19 million to finance its acquisition of the Mineral Hill mine in Montana.The financing is being arranged through Union Securities, ABN …