1998

Vengold offering may net $46 million

A syndicate of underwriters, led by Midland Walwyn Capital, have entered into a financing agreement with Vengold (VEN-T) to purchase up to $46 million worth of its shares.The underwriters have agreed …


Companies (April 13, 1998)

Adex MiningAmerica Mineral FieldsAnglo AmericanAsia Pacific ResourcesAurizon MinesAvalon VenturesBand-Ore ResourcesBanro ResourceBarrick GoldBattle Mountain GoldBlue Desert MiningCaledonia MiningCambi…


DIAMOND PAGE — Trivalence starts production

Junior producer Trivalence Mining (TMI-V) has cut the ribbon on a 14-ft.commercial pan plant at its 85%-owned Aredor diamond project in Guinea, West Africa.The plant has a rated processing capacity of…


Condor joins Caledonia in NWT

Condor International Resources (COD-V), a member of the Northair group of companies, can acquire up to a half-interest in the Kikerk diamond property of Caledonia Mining (CAL-T) near Coronation Gulf, …



PRODUCER & DEALER PRICES (April 13, 1998)

Aluminium: LME settlements US$1,398, alloy US$1,287 per tonne (Apr. 7/98).Antimony: Representative mid-market US$1,600 per tonne (Apr. 7/98).Bismuth: Representative mid-market US$4.05 per lb. (Apr. 7/…


Nova Scotia base metals entice Regal Goldfields

The Cheticamp Highlands of Nova Scotia’s Cape Breton Island will be the focus of a forthcoming base metal exploration program by Regal Goldfields (REGL-C).The company plans to drill, in May, two of ei…



Imperial, Sumitomo consider closing Mt. Polley

Low metal prices are forcing Imperial Metals (IMP-T) and Japanese partner Sumitomo to consider temporarily suspending operations at the Mt. Polley copper-gold mine at the end of July.Built for $115 mi…


Writedowns lead to loss for Golden Star

Writedowns of the carrying value of many of its properties have forced Golden Star Resources (GSC-T) to post a fourth-quarter loss.In all, Golden Star took charges totalling US$22.4 million against it…


Meetings (April 13, 1998)

Apr. 14, Denison MinesApr. 14, DiazApr. 14, Emerging Africa GoldApr. 14, KWGApr. 14, St GenevieveApr. 14, Sawtooth Int’lApr. 14, Sun Devil GoldApr. 15, Classic GoldApr. 15, Falcon PointApr. 15, Minco …


Metal Futures

Settlement prices for London Metal Exchange three-month contracts and spot metal, Apr. 7/98 (US$ per tonne):MetalCash Price3-Month Price…


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