LME WAREHOUSE LEVELS (March 01, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb.23/99 (change from Feb. 16 in brackets):MetalStocks(tonne)Change…
News
Electra finds rocky road at Rambler
The unfavourable results of a due diligence review by a potential partner have prompted Electra Gold (ELT-V) not to proceed with the Rambler tailings project in the Baie Verte region of Newfoundland.T…
NEWS ROUNDUP — BYG suspends mining Mt. Nansen
Milling and mining operations have ceased at the Mt. Nansen gold-silver mine, 120 miles north of Whitehorse, Y.T.Operator B.Y.G. Natural Resources (BYG-T) was told to close the mine by the water resou…
Viceroy extends mineralized zone at Gualcamayo
Junior Viceroy Resource (VOY-T) is encouraged by further results of reverse-circulation drilling at its Gualcamayo project in Argentina’s San Juan province.The 1,400 metre, 9-hole program was designed…
Driefontein, Gold Fields launch complex merger transaction
A reverse-takeover deal between Driefontein Consolidated (DRFNY-Q) and parent company Gold Fields (GDFDY-O) is the final step in a complex series of transactions aimed at quelling confusion over the o…
Drills spin at Buffalo Hills
As many as 25 targets will be drill-tested this winter by Ashton Mining of Canada (ACA-T) as it searches for additional kimberlites in the Buffalo Hills region of north-central Alberta.Ashton is opera…
Barrick makes bid for Sutton
In a move aimed at securing its first African mine, Barrick Gold (ABX-T) has offered to acquire all the outstanding shares of Sutton Resources (STT-T), 85%-owner of the Bulyanhulu gold deposit in sout…
More strong medicine for Inmet Mining
Another year of restructuring has left Inmet Mining (IMN-T) with a healthier balance sheet and a net profit of 25 cents a share.The Toronto-based company earned $31 million on revenue of $106 million …
EDITORIAL — The Euro, inflation and gold — New rules for new world
The introduction of the Euro-dollar by the European Monetary Union has experts speculating about the role of gold in the world economy. The World Gold Council has suggested that rivalry between the U….
Partners drill San Antonio
Operator Atna Resources (ATN-T) and partner Energold Mining (EGD-V) have launched a 7-hole, 2,000-metre drill program on the San Antonio-1 concession in the Dominican Republic.The program will test th…
Cambior options Lac Elmer
An option agreement with Cambior (CBJ-T) sets the stage for another round of exploration at Eastmain Resources’ (ER-T) Lac Elmer gold project, 300 km north of Matagami in northern Quebec.The Quebec mi…
Aur suffers market blues
Weak copper prices combined with a $6.6-million writedown on certain securities, properties and exploration costs resulted in a loss for Aur Resources (AUR-T) in 1998.The company posted a loss of $2.5…