PRODUCER & DEALER PRICES (December 01, 1997)
Aluminium: LME settlements US$1,581.50, alloy US$1,447 per tonne (Nov.25/97).Antimony: Representative mid-market US$1,675 per tonne (Nov. 25/97).Bismuth: Representative mid-market US$3.35 per lb. (Nov…
News
EXPLORATION ROUNDUP — AMT plans Copper Creek development
San Manuel, Ariz. — AMT International Mining (AAI-T) has fulfilled its obligation to earn a half interest in the Copper Creek project of Broken Hill Proprietary (BHP-N) and is waiting for the Austral…
EXPLORATION ROUNDUP — Virginia sizes up La Grande Sud Drilling under way at two other Quebec properties
Northern Quebec is certainly no stranger to mineral exploration, but, unlike many companies active there, Virginia Gold Mines (VIA-M) has chosen to focus on previously unworked territory.The junior ho…
EXPLORATION ROUNDUP — Another season wraps up at Meliadine West
With $16.2 million having been spent on exploration there to date, the Meliadine West gold project in the Northwest Territories is being advanced from exploration to the prefeasibility stage. The proj…
EXPLORATION ROUNDUP — Noveder hits copper-zinc at Betts Cove
A drill program by Noveder (NED-M) has confirmed the presence of a zone of copper and zinc mineralization at the Betts Cove project on Newfoundland’s Baie Verte Peninsula.The junior has completed seve…
EXPLORATION ROUNDUP — Cyprus benefits from Zambian privatization
Ongoing drilling has enabled Cyprus Amax Minerals (CYM-N) to outline a preliminary resource for the Kansanshi copper deposit in Zambia.The project — the first to have been awarded to a Western mining…
LME WAREHOUSE LEVELS (December 01, 1997)
Metalstocks (in tonnes) held in London Metal Exchange warehouses at Nov.24/97 (change from previous week in brackets):MetalStock(tonnes)Change…
Freegrant Silver gains NB polymetallic deposit
A polymetallic deposit at Sisson Brook, N.B., is now in the hands of Freegrant Silver, a privately owned New Brunswick-based firm.The property, situated 30 km north of Fredericton, was drilled in the …
Teck, WCH pleased with Mexican results
A new polymetallic find at the Mexican joint venture known as El Salvador has returned some encouraging results for 55-45 partners Teck (TEK-T) and Western Copper Holdings (WTC-T).Drill hole SAL-25 cu…
NEW HORIZONS — Fingerprinting gold
Historians of gold have always pondered the origin of the metal used by Venetians in the 12th century for their ducat coins and by Benvenuto, the Renaissance goldsmith, for his famed gold salt cellar….
EDITORIAL — New Zealand shifts to market economy — Right turn pays dividends
No one pretends it was easy. Even so, New Zealanders (or Kiwis, as they are affectionately called by their Aussie neighbors) have accomplished a remarkable turnaround from the brink of insolvency a de…
STOCK MARKET — Resource stocks on TSE fall into the pit — Market weakness aggravated by tighter bank rate
The Toronto Stock Exchange lost more ground over the trading period Nov.19-25, as an increase in the Bank of Canada’s overnight loan rate snuffed out a modest rally. The TSE 300 composite index closed…