Sunnyside up for Altius
Easter is nine months away, but Altius Minerals (ALS-S) is busy hunting for eggs in its home province of Newfoundland.On the Paradise Lake property in Botwood Basin, the junior has identified what it …
News
Mustang discovers PGEs at East Bull Lake property
Toronto-based Mustang Gold (MUST-C) has uncovered showings of platinum group elements at its East Bull Lake property, 80 km west of Sudbury, Ont.Preliminary geochemical sampling returned up to 1.58 gr…
High grades add to Edwards’ potential
High-grade gold is always a boon to a producing mine, as appears to be the case for VenCan Gold (VCG-M), which owns the Edwards gold mine near Wawa, Ont.The underground mine is operated by River Gold …
Antares starts prefeasibility study at Ojolali
Junior Antares Mining & Exploration (ANZ-T) has begun a prefeasibility study of the Jambi zone at its Ojolali gold property in southern Sumatra, Indonesia.Fifty-eight infill holes will be drilled on 2…
Breakwater slips into red despite production boost
Low metal prices in the second quarter overshadowed Breakwater Resources’ (BWR-T) impressive gains in zinc, lead and silver production, pushing the company into the red.For the three months ended June…
LME WHSE LEVELS (August 10, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug.3/98 (change from July 27 in brackets):MetalStocks(tonnes)Change…
PRODUCER & DEALER PRICES (August 10, 1998)
Aluminium: LME settlements US$1,292, alloy US$1,155 per tonne (Aug. 4/98).Antimony: Representative mid-market US$1,280 per tonne (Aug. 4/98).Bismuth: Representative mid-market US$3.55 per lb. (Aug. 4/…
Newfoundland’s mineral shipments increase
The total value of mineral shipments from Newfoundland and Labrador is expected to total $1.02 billion this year, up from the 1997 preliminary total of $1.01 billion.Shipments of industrial minerals s…
MINING MARKETS & INVESTMENT NEWS — QUERY — Inmet offers to buy back shares
Based on the advice of CIBC Wood Gundy, the board of Inmet Mining (IMN-T) is urging shareholders to tender to the company’s recent offer to buy back up to 65 million of its shares at a 28% premium to …
GREATEST VALUE TRADED (August 10, 1998)
ExchgVal($000s)HighLowCloseChangeBarrick GoldT169…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS –Dow plunges 300 in a day
The Dow Jones industrial average was off 447 points, or 5%, for the report period July 29-Aug. 4, after a precipitous drop of nearly 300 points on Aug.4. The average closed at 8,487.31 points, led by …
Golden Star vends Eagle Mtn
Golden Star Resources (GSR-X) has decided to sell its Eagle Mountain gold property to the operators of the Omai gold project, also in Guyana.Ownership of the Omai project is divided between Cambior (C…