CORRECTIONS (June 21, 1999)
A report, in our June 7 issue, on Major General Resources’ (MGJ-V) Hammerdown gold project contained incorrect information about the size of a recoverable gold resource. The Newfoundland project conta…
News
Careers (June 21, 1999)
Wabush Mines has an immediate opening at the site of its open pit and ore dressing complex in Wabush, Labrador, for the following:Mining EngineerReporting to the Chief Mining Engineer, the mine engine…
Bolivar to extend life of Tomi
During a 1-year preproduction and ramping-up period, the Tomi gold mine in Venezuela’s El Callao district processed and sold 30,000 oz. gold and generated revenue of US$8.6 million. The open-pit opera…
PRODUCER & DEALER PRICES (June 21, 1999)
Antimony: Mid-mkt US$1,270/t (June 15/99).Bismuth: Mid-mkt US$3.65/lb (June 15/99).Cadmium: Mid-mkt US$0.22/lb (June 15/99).Chromium: Recent trades US$60.00-90.00/t (June 15/99).Cobalt: Recent trades …
TSE INDICES (June 21, 1999)
1999Jun. 15Jun. 14Jun. 11Jun. 10Jun. 9HighLowComp…
DIAMOND PAGE — Navigator disappointed
A drilling effort on the South Contwoyto Lake diamond property in the Northwest Territories came up empty for Navigator Exploration (NVR-A).The junior tested five high-priority targets with 550 metres…
MINING MARKETS & INVESTMENT NEWS — INVESTMENT COMMENTARY — Analysts view EuroZinc as small-cap zinc producer
Base metals have long been the workhorses of the mining industry, with lower profit margins and less glamour than gold. But since the yellow metal began its downward tumble, analysts have shown renewe…
Greenstone tunes up Cerro Mojon gold mine
The Cerro Mojon gold mine in Nicaragua is operating better than planned, reports Greenstone Resources (GRE-T).In the first five months of the year, the open-pit, heap-leach operation cranked out 29,96…
Companies (June 21, 1999)
Aber ResourcesAfcan MiningAltavista MinesAnglogoldAquest MineralsArchon MineralsArmistice ResourcesAtna ResourcesBattle Mountain GoldBema GoldBirim GoldfieldsBolivar GoldfieldsBroken Hill ProprietaryB…
NEWS ROUNDUP — Scossa to undergo reconnaisance
Partners Romios Gold Resources (RGRI-C) and BWI Resources (BWE-V) have begun exploring the Scossa gold property in north-central Nevada.The program will include mapping of the geology and all historic…
NEWS ROUNDUP — Weak gold puts kibosh on project
Citing falling gold prices, Quebec-based Noveder (NED-M) has decided not to proceed with the Rambler and Ming West tailings project near Baie Verte, Nfld.Ming Minerals, 70% of which is owned by Easter…
Weak markets hamper Lenora
Weak gold markets have left Greater Lenora Resources (GEN-T) unable to fund this year’s plans for the Goldfields project in northern Saskatchewan.Early this year, Lenora reported that full-scale devel…