News


METAL PRICES (May 17, 1999)

BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMay 11May 10May 7May 6…


Richmont posts modest quarterly loss

Low gold prices are taking their toll on Richmont Mines (RIC-T), a Montreal-based gold miner with operations in Quebec and Newfoundland.The company posted a loss of $517,685 (or 3 cents per share) on …


Kennecott reports Rocking Horse winner

Kennecott Canada Exploration has discovered a new kimberlite body on the Rocking Horse property, northwest of the Jericho region in the Nunavut Territory.Rocking Horse is one of three properties in wh…


Newmont’s Batu Hijau nears completion

The huge Batu Hijau copper-gold mine on the Indonesian island of Sumbawa is 90% complete and due to enter production in the fourth quarter. Commercial production is expected to follow in the first qua…



America Mineral Fields hangs tough in DRC

With political instability continuing to cripple foreign mining ventures in the Democratic Republic of Congo (DRC), America Mineral Fields (AMZ-T) has battened down the hatches and is now waiting to r…




Index (May 10, 1999)

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NAME CHANGE (May 10, 1999)

Gala Resources (GAX-V) has changed its name to Hydromet Technologies (HTL-V) on a 1-new-for-4-old-share basis.


Teck to raise gold-mining profile

Although Teck (TEK-T) has been a gold miner for 85 years, its diversification into copper, zinc, niobium and coal, has prompted recent concerns with analysts that the company is not realizing the full…


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