METAL PRICES – Daily Metal Prices (March 02, 1998)
BASE METALS (London Metal Exchange — Midday bid/ask prices in US$ per tonne)DateFeb. 24Feb. 23Feb. 20Feb. 19…
News
Philip Services reveals inventory adjustment
Hamilton, Ont.-based waste-management firm Philip Services revealed in late January that it is taking a one-time charge to its 1997 earnings of at least US$75 million relating to an after-tax “physica…
Repadre ponies up for NSR — on Vista’s Bolivian properties
Repadre International, a subsidiary of Repadre Capital (RPD-T), has signed a US$1-million deal with Vista Gold (VGZ-T) to acquire a net smelter return (NSR) royalty on future production from the Amaya…
Echo Bay posts loss
Echo Bay Mines (ECO-T) posted a loss for 1997 based upon substantial writedowns and special charges, though the company returned improved results in the fourth quarter.The Denver-based gold and silver…
Meetings (March 02, 1998)
Mar. 2, Penn GoldMar. 2, TouchstoneMar. 3, Altius MineralsMar. 3, Goldrush Casino & MiningMar. 3, Meota ResourcesMar. 3, WindarraMar. 5, Brigadier GoldMar. 5, JilbeyMar. 5, Tan RangeMar. 5, Tequila Co…
Aur drops Patagonia
After spending $1.5 million on exploration, Aur Resources (AUR-T) has decided to drop its option to earn an interest in the Patagonia property from Southern Rio Resources (SNZ-V).Southern Rio intends …
TSE Short Positions (March 02, 1998)
Short positions outstanding at February 15, 1998Larger individual positions include: Anderson Exploration 698,600, up 697,200; Barrick Gold 18,661,797, up 3,005,663; Black Swan Gold 188,500, down 198,…
FACTS ‘N’ FiGURES — Quebec mineral shipments rise
Preliminary data show that the value of mineral shipments from Quebec mines rose slightly in 1997, to roughly $3.5 billion.Exploration and development expenses were also up by 4.4% last year, to $155 …
Alcan to build huge smelter in Quebec — Costs pegged at US$1.6 billion
Montreal-based Alcan Aluminium will construct a 375,000-tonne aluminum smelter in Alma, Que.The facility will replace the Isle-Maligne smelter, also in Alma, which has an annual production capacity of…
Inmet sues over Troilus
Inmet Mining (IMN-T) is initiating legal proceedings in British Columbia against Homestake Canada and Prime Resources Group (PRU-T) after the two companies backed out of their proposed US$110-million …
PEOPLE – SEPTEMBER
Thomas I. Vehrs elected director.
PEOPLE – SEDEX
Robert Woodfill and John Frost elected directors.