Armenian mine gets nod
Determined to rise above the depressed gold market, First Dynasty Mines (FDM-T) has convinced the Armenian government to give its blessing to redevelopment of the former-producing Zod and Meghradzor m…
News
MINING MARKETS & INVESTMENT NEWS — INVESTMENT COMMENTARY — Analyst sees buying opportunity in Canabrava’s share decline
John Hainey, mining analyst for Yorkton Securities, was among the first to understand the significance of the diamond discoveries in the Lac de Gras region of Canada’s Northwest Territories. These day…
GREATEST VALUE TRADED, June 23-29
ExchgVal($000s)HighLowCloseChangeBarrick GoldT151…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Marshall Minerals soars on deal for deposit in Tajikistan
The Toronto Stock Exchange had a broad trading range during the June 24-29 report period, with the TSE 300 composite index rising 3.3% to 7,409.38 points. The metals and minerals sub-index gained 2%, …
TSE INDICES (July 06, 1998)
1998June 30June 29June 26June 25June 24HighLowCom…
PRODUCER & DEALER PRICES (July 06, 1998)
Aluminium: LME settlements US$1,285, alloy US$1,216 per tonne (June 30/98).Antimony: Representative mid-market US$1,350 per tonne (June 30/98).Bismuth: Representative mid-market US$3.60 per lb. (June …
Samax discovers more gold at Kukuluma in Tanzania
Samax Gold (SMX-T) has discovered a third gold deposit at its wholly owned Kukuluma property in the Geita region of northern Tanzania.The new deposit, called Matandani, lies in a previously unexplored…
Mar-West drilling tests Cerro Blanco discovery
Encouraged by results to date from the Cerro Blanco gold discovery in southeastern Guatemala, Mar-West Resources (MSR-V) is planning its next phase of drilling.Cerro Blanco is a hot spring gold prospe…
COMMENTARY — Benefitting from transfer pricing
The Canadian government has been tightening up its transfer pricing regime in an effort to bolster the Canadian fiscal position.The price charged by one affiliate of a multinational to another, across…
Alberta kimberlites elude Lucero, New Claymore
Lucero Resource (LCR-V) has suspended drilling on the ITS property in north-central Alberta after failing to encounter kimberlite in the first six holes drilled to test five geophysical targets.All th…
Plata inks joint-venture deal at Hualilan
Buenos Aires-based junior Plata Mining (PMT-A) has signed an agreement with Chilean firm Exploracion y Desarrollo Minero (Explodesa) to form a joint venture for the exploration and development of Plat…
Russian public bitten by the gold bug
For Russians, whose government is desperately propping up the ruble, gold may soon have the same meaning as hard currency.Russian banks plan to boost sales of the yellow metal to members of the public…