Major eyes MacMillan copper prospect in Peru
Rio Tinto Mining & Exploration has set its sights on a copper-porphyry project held by Toronto-based MacMillan Gold (MMG-T) in the northern Ancash department of Peru.The major can earn a 51% interest …
News
Nebex funds Albanian venture
Nebex Resources (NBX-T) will use the proceeds from a $1.9-million private placement to fund work at the Munelle polymetallic deposit in Albania.Late last year, the company received government approval…
Patrician raises funds through share issue
Patrician Gold Mines (PXX-A) has raised $400,000 to continue exploring several of its gold and base-metal properties in the vicinity of Timmins, Ont.The company recently closed two separate private pl…
Gold Canyon drills Springpole
Junior Gold Canyon Resources (GCU-V) has begun a 2,400-metre program of diamond drilling at its Springpole gold project, 113 km northeast of Red Lake, Ont.The program will focus on the East Extension …
Alta pours gold at Griffon
Alta Gold (ALTA-Q) has poured its first gold at the Griffon heap-leach mine in Nevada’s White Pine Cty.When development began in July, reserves were deemed sufficient for only two years of mining. How…
Cyprus pulls through despite flat prices
Despite dwindling gold and copper prices, Cyprus Amax Minerals (CYM-N) landed in the black last year.The company earned US$69 million (or 54cents per share) on revenue of US$3.3 billion in 1997, compa…
Index (February 02, 1998)
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CORRECTION (February 02, 1998)
DiamondWorks (DMW-T) expects to produce 9,000 carats per month at its Yetwene property in Angola. The diamonds are expected to have a value, as opposed to a cash production cost, of $US280 per carat. …
Boliden succeeds in bid to acquire Westmin — Lomas Bayas points to potential expansion in Latin America
Boliden (BOL-T) will conduct an in-depth analysis of the assets of Westmin Resources (WMI-T) following its successful takeover of the Vancouver-based mining company.Boliden says all conditions of its …
Producer and Dealer Prices (February 02, 1998)
Aluminium: LME settlements US$1,507, alloy US$1,326 per tonne (Jan. 27/98).Antimony: Representative mid-market US$1,730 per tonne (Jan. 27/98).Bismuth: Representative mid-market US$3.35 per lb. (Jan. …
Companies (February 02, 1998)
Alta GoldAmax GoldAmerican ComstockExplorationApex Silver MinesArgentina GoldAtna ResourcesAurizon MinesBarrick GoldBattle Mountain CanadaBirch Mountain MineralsBolidenBreakwater ResourcesCaledonia Mi…
METAL PRICES — Daily Metal Prices (February 02, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateJan. 27Jan. 26Jan. 23Jan. 22Jan…