Correction (July 28, 1997)
Projected production at the Illinois Creek mine in west-Central Alaska was incorrectly stated in our issue of July 14. The mine is expected to yield 65,000 oz. gold-equivalent annually.For the current…
News
Second group bids for IG mine contract
Vancouver-based Indochina Goldfields (ING-T) has received a second offer for the financing and construction of its Monywa copper project in Myanmar.The proposal combines financing from Daewoo Corp., a…
Monarch confirms potential in Durango
Reverse-Circulation drilling at the San Agustin property in Mexico’s Durango state has intersected wide zones of gold and silver mineralization.Monarch Resources (MRE-T), which is in the process of ac…
PRODUCER AND DEALER PRICES (July 28, 1997)
Aluminium: LME settlements US$1,579.50 per tonne, alloy $1,415 per tonne (July 22/97).Antimony: Composite free market, US$2,020 per tonne (July 14/97).Bismuth: Composite free market US$3.80 per lb. (J…
STOCK MARKETS — Slow summer continues on Western markets — Junior resource companies struggle for investors’ attention
Shoppers normally love bargains, but the rule does not seem to apply when the merchandise consists of shares of junior mining stocks. When markets are hot and everyone is buying, investors pile aboard…
ODDS ‘N’ SODS — Service with a frown
I looked out the window of my office in the capital of Chile after reading the faxed daily report. It said the Vamco shovel in the North pit had broken down.”There’s a minor problem — the Fiblemann b…
Goldstake grabs South African stockpile
Goldstake Explorations (GXP-T) has acquired a stockpile of processed, but still rich, gold ore in South Africa.Production has started on the Gold Stockpile 1 project, a joint venture between Goldstake…
Greatest Value Traded, July 16-22
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
Anglo to explore Kabanga
Over the next two years, South African mining house Anglo American plans to spend at least US$7 million exploring Sutton Resources’ (STT-V) Kabanga nickel project in northwestern Tanzania.Exploration …
Companies urged to improve communications — Recommendations intended to strengthen market
Gold mining companies need adapt to a market in which confidence has been weakened and must be willing to improve communications in order to attract investor interest and confidence, according to a re…
LETTERS TO THE EDITOR — Experienced lawyers essential for work in foreign jurisdictions
No one can disagree with the comments made by Stephane Brabant (“Mining companies urged to note differences in laws,” T.N.M., July 14/97). They are applicable to any foreign jurisdiction, even those “…
Meridian makes headway at El Penon
Results from an ongoing prefeasibility study at the Chilean gold property known as El Penon will be used by Meridian Gold (MNG-T) to make a production decision by year-end.The Nevada-based company is …