SPOT PRICES (January 26, 1998)
Wednesday, January 21, 1998Price (US)Week’s ChangeGold*$291.90+ $6.00Silver*$ 5.80…
News
AFRICA — NEWS ROUNDUP — Nora boosts throughput
A new treatment plant installed by Nora Exploration (NXI-M) is operating on schedule and below estimated cost at the company’s diamond project in Ghana.The junior says the plant, which consists of two…
AFRICA — Banff advances Kasese cobalt project in Uganda
Ugandan officials are counting on Banff Resources (BFF-V) to lead the East African country back to a significant level of metal production.Uganda’s mining industry has spent about two decades in the d…
AFRICA — Minorca eyes Ghanaian gold
Best known for its attempt to acquire a stake in the Busang project in Indonesia, Minorca Resources (mar-t) has since shifted its focus to Africa.The Toronto-based junior recently signed an agreement …
AFRICA — Mining at Turk to see light of day
Casmyn (CMYN-O) will take operations at its Turk gold mine in Zimbabwe above ground.Traditionally, the Turk mine has produced gold from narrow high-grade veins, but detailed drilling and computer mode…
Meetings (January 26, 1998)
Jan. 28, Hurley RiverJan. 28, MacMillan GoldJan. 28, Ohio Res.Jan. 28, PantherJan. 28, TornadoJan. 29, Dore NorbaskaJan. 29, GoldtexJan. 29, Molycor GoldJan. 30, AlexanderJan. 30, ExcellonJan. 30, HMH…
No savior for Westmin
Having failed to find a white knight, Westmin Resources (WMI-T) has placed its fate in the hands of its shareholders.The Vancouver-based company issued a statement saying it will make no recommendatio…
Asia Minerals drops Yingezhuang
A clash of business cultures appears to be the main reason why Asia Minerals (AMP-A) has decided to terminate the Yingezhuang gold joint venture with the Zhaoyuan Gold Industrial Group of China.After …
Don Mario advances to feasibility
After studying a variety of development proposals from third parties, management of Orvana Minerals (ORV-T) has decided to retain a 100% interest in the Don Mario gold-copper project in eastern Bolivi…
Guyanor makes progress in French Guiana
Drilling by Guyanor Ressources (GRL.B-T) has increased the known extent of massive sulphide mineralization at the Paul Isnard project in French Guiana.Guyanor’s objective is to fill in the areas of kn…
FACTS ‘N’ FIGURES — Diamonds in Canada
The discovery, in late 1991, of a diamond-bearing kimberlite of apparent economic potential at Point Lake, near Lac de Gras, N.W.T., initiated a staking rush of unprecedented magnitude, mostly in the …
METAL PRICES (January 26, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateJan. 20Jan. 19Jan. 16Jan. 15Jan…