GOLD FUNDS (November 16, 1998)
Gold Funds as of November 5, 1998BGRCentralNet Value$14.495.87Price$10.75…
News
Nord weighs development options for Tritton
Based on the positive results of a feasibility study, Nord Pacific (NPF-T) is weighing the merits of two mining scenarios for its 50%-owned Tritton copper project in New South Wales, Australia.Fortuna…
Magnesium Alloy advances Kouilou project
A letter-of-intent agreement between Magnesium Alloy (MGAC.U-C) and engineering firm SNC-Lavalin paves the way for advanced studies on the former’s Kouilou magnesium project in the Republic of Congo.T…
Mine exceeds targets
Partners High River Gold Mines (HRG-T) and TVX Gold (TVX-T) expect that 1998 production from the New Britannia gold mine will exceed the target of 92,500 oz.The companies each own half of the undergro…
LETTERS TO THE EDITOR — Geostatistics credible, widely used
The editorial “Challenging Geostatistics” (T.N.M., Sept. 28-Oct. 4/98) contains many statements and implications with which I disagree. I restrict my comments here to the title and the general aim of …
LME WHSE LEVELS (November 16, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov. 10/98 (change from Nov. 3 in brackets):MetalStocks (tonnes)Change…
Richmont boasts record production
Thanks to record gold production and reduced cash costs, Richmont Mines (RIC-T) has enjoyed yet another strong quarter.For the three months ended Sept. 30, 1998, gold production reached a record high …
MINING MARKETS & INVESTMENT NEWS — Nasdaq boots Uranium Resources, welcomes Cornucopia
Uranium Resources (URIX-Q) is the latest casualty of the US$1 trading requirement of the Nasdaq board.The Dallas-based firm, which owns uranium properties in Texas and New Mexico, now has 90 days to r…
Monywa copper project reaches production stage
Indochina Goldfields (ING-T) has begun producing copper cathode at the Monywa heap-leach copper project in west-central Myanmar.Construction of the first-phase project is essentially complete, with co…
EDITORIAL & OPINION — COMMENTARY — Benefits rival adventure for overseas workers
For many North American miners, future prosperity will depend on the performance of operations in remote parts of Africa, Asia and Latin America. However, these companies sometimes find that employees…
EDITORIAL & OPINION — Minerals essential to physical well-being — Prescription for healthier lives
“Mine-free by ’93” was one of many anti-mining slogans adopted by environmental extremists in the late 1980s as they tried to convince the public that there was no longer a need to extract metals and …
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Barrick Gold insiders exercise options, sell shares
In September, eight executives of Barrick Gold (ABX-T) took advantage of the company’s resurgence in market value by collectively selling 643,100 shares.Charles Birchall, director, sold 160,000 shares…