SPOT PRICES (November 16, 1998)
Wednesday November 11, 1998Price (US)Week’s ChangeGold*$293.60+$3.50Silver*$ 4.99…
News
DIAMOND PAGE — Trivalence reports snags at Aredor mine property
Although hampered by heavy rains and a high sand content, Trivalence Mining (TMI-V) managed to recover 4,783 carats of diamonds from its Guinean concession in the third quarter.More than 129,000 tonne…
Saskatchewan gold mine yields profits for Claude
The Seabee gold mine in Saskatchewan’s La Ronge district continues to generate operating profits for Claude Resources (CRJ-T).The Saskatoon-based company posted operating earnings of $1.8 million for …
Rio Narcea extends gold zone in northern Spain
Drilling at the El Valle mine in northern Spain is expanding high-grade gold mineralization in the recently discovered Sienna zone.The southernmost of the 13 holes that have penetrated the zone so far…
McWatters plans to produce at East Amphi
Based on a positive feasibility report by Flour Daniel Wright, McWatters Mining (MCW-T) plans to place into production the East Amphi gold project near Malartic, Que.The first phase of mining at the 1…
Low prices push Breakwater into red
Base metal companies are not having an easy time staying in the black in these days of low metal prices, and Breakwater Resources (BWR-T) is no exception.The company posted a net loss of $10.9 million…
BOOK REVIEW — Efforts of union organizer King recalled
Red Bait!:Struggles of a Mine Mill LocalBy Al King, with Kate BraidKingbird Publishing8096 Elliott StreetVancouver, B.C. V5S 2P2Red Bait!, written by Al King with the help of his editor and “vulgarity…
Mining proposals open for discussion
Proposals by the Ontario Securities Commission (OSC) and the Toronto Stock Exchange (TSE) designed to keep a tighter rein on publicly traded mining companies will be the focus of a conference to be he…
MINING MARKETS & INVESTMENT NEWS — Investment Commentary — Analysts see opportunity in slow startup
Mine startups are rarely bug-free, and it appears the newly launched Lihir gold mining complex in Papua New Guinea was no exception. Gold production has been lower than planned since commercial produc…
MINING MARKETS & INVESTMENT NEWS — QUERY — New Golden Sceptre under suspension
I own shares in New Golden Sceptre Minerals but have not been able to learn about that company. In fact, it has been over three years since I received any communication from them. The last address I h…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Producers keep TSE buoyant, Barrick continues upward climb
Resource stocks enjoyed a robust period of trading during the report period Nov. 4-10, with both mining groups showing substantial gains. The Toronto Stock Exchange precious minerals and metals sub-in…
Noranda to expand smelter
Subject to environmental and other approvals, a US$170-million expansion and modernization program will be carried out at the Altonorte copper smelter near Antofagasta, Chile.Toronto-based Noranda (NO…