Newcrest buys into Argentine gold play
Australia’s Newcrest Mining is acquiring a controlling stake in the Canada Onda gold property in central Argentina from Solitario Resources (SLR-T).The Aussie miner can earn up to a 60% interest in th…
News
Banks topic of CIM lunch
Central banks and the international gold market will be the focus of the next luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), to be held May 21 at 1…
Low costs salvage profit for Aur
The smooth operation of two low-cost mines enabled Aur Resources (AUR-T) to turn a fourth-quarter profit in the face of lower copper and zinc prices.Aur reported earnings of $377,000 (or 1 cent per sh…
GREATEST VALUE TRADED, April 29-May 5
ExchgValue ($000s)HighLowCloseChangeBarrick GoldT…
Rio Algom’s operations enjoy profitable quarter
While weak copper prices hurt its bottom line, Rio Algom (ROM-T) nevertheless turned in a strong quarter from an operational standpoint, with both increased copper production and lower cash costs.The …
SPOT PRICES (May 11, 1998)
Wednesday, May 6, 1998Price (US)Week’s ChangeGold*$303.50- $4.05Silver*$ 6.08…
Noranda forges sulphur pact as part of restructuring
Toronto-based Noranda has signed an agreement with Wilmington, Del.-based chemical giant DuPont to form Noranda DuPont LLC, a 50-50 joint venture, to market, transport and distribute sulphuric acid in…
Ontario, BC prospectors get funding
The Ontario government is looking to boost mineral exploration in the province by putting $2 million into the Ontario Prospectors Assistance Program (OPAP).”We support the mineral exploration industry…
MINING MARKETS AND INVESTMENT NEWS – Investment Commentary — Canaccord watches diamond development in Russia
A Russian diamond project involving Archangel Diamond (AAD-V) is being closely watched by Canaccord Capital’s resident diamond expert, David James.James rates the company a “speculative buy” and is pa…
MINING MARKETS AND INVESTMENT NEWS — Eastern Markets — Precious metals slump while base metals languish
During the report period April 29-May 5, the Toronto Stock Exchange 300 composite index recovered from the previous period’s scare over interest-rate hikes. The index closed the period at 7,720.12, up…
PRODUCER AND DEALER PRICES (May 11, 1998)
Aluminium: LME settlements US$1,414, alloy US$1,291 per tonne (May 5/98).Antimony: Representative mid-market US$1,525 per tonne (May 5/98).Bismuth: Representative mid-market US$3.90 per lb. (May 5/98)…
Condor identifies kimberlite pipe
Initial results of till sampling have revealed highly anomalous kimberlite indicator minerals at the Kikerk Lake diamond project in the Northwest Territories.Condor International Resource (COD-V) repo…