Verena strikes emeralds near Paraiso, Brazil
Exploring near the city of Paraiso in Brazil’s Tocantins state, Verena Minerals (VMCO-C) has found an emerald-bearing structure of possible commercial significance.Some of the rough emeralds bought fr…
News
LME WHSE LEVELS (February 23, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb.17/98 (change from Feb. 10 in brackets):MetalStock(tonnes)Change…
Silver Standard raises funds
Silver Standard Resources (SSO-V) has arranged a $3.35-million private placement consisting of 610,000 special warrants at $5.50 each. Each special warrant is exchangeable, without further payment, in…
SPOT PRICES (February 23, 1998)
Wednesday, February 18, 1998Price(US)Week’s ChangeGold*$297.80$1.15Silver*$ 6.72…
Western Copper gets financing
Canaccord Capital has arranged a $5-million financing for Western Copper Holdings (WTC-T), comprising 555,556 special warrants at $9 each.Each special warrant is exercisable for one share and one half…
PRODUCER & DEALER PRICES (February 23, 1998)
Aluminium: LME settlements US$1,442, alloy US$1,286 per tonne (Feb. 17/98).Antimony: Representative mid-market US$1,655 per tonne (Feb. 10/98).Bismuth: Representative mid-market US$3.65 per lb. (Feb. …
Melkior, partners intensify efforts
Results from geophysical work and trenching carried out in the Democratic Republic of Congo are adding momentum to the gold-copper-cobalt exploration initiative of partners Melkior Resources (MKR-M) a…
Cambior boosts profit, production in 1997
Despite the weakness in gold prices during 1997, Cambior (CBJ-T) managed to boost its earnings, revenues and gold production for the year.The good news is partly due to the company’s far-sighted hedgi…
Meetings (February 23, 1998)
Feb. 27, Anglo-AndeanFeb. 27, Buffalo MinesFeb. 27, EQ ResourcesFeb. 27, FenwayFeb. 27, Golden RockFeb. 27, Goldrush Casino & MiningFeb. 27, GreenhopeFeb. 27, Madrona MiningFeb. 27, NoraFeb. 27, Pacif…
Companies (February 23, 1998)
Ashton MiningAurado Expl.BolidenBroken Hill Pty.CambiorClaude Res.Comaplex Min.ComincoCons. Richland MinesCumberland Res.Cypress Min.Dayton MiningDia Met Min.Donner Min.Elizabeth Bay DiamondsEmerging …
Preliminary study yields positive results for Cumberland
A preliminary scoping study of the Meadowbank gold project in the Northwest Territories shows strong economic potential, despite low gold prices.Situated 70 km north of the ocean-accessible community …
SAM buys stake in Caber property
Toronto-based Southern Africa Minerals (SAF-T) has signed an agreement-in-principle to acquire a half-interest in the Caber copper-zinc property in northern Quebec from BHP Minerals International, the…