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…
1998
METAL PRICES (April 13, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateApr. 7Apr. 6Apr. 3Apr. 2Apr. 1…
Yamana boosts gold resource at property in Papua New Guinea
A new geological model has enabled Yamana Resources (YRI-T) to increase the gold resource at the Gameta prospect on Fergusson Island in Papua New Guinea (PNG).Yamana Executive Vice-President Dick Walt…
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…
Prefeasibility set for Separation Rapids
Encouraged by market projections and recent drill results, Avalon Ventures (AVL-V) plans to obtain a prefeasibility study on its Separation Rapids property, 60 km north of Kenora, Ont.A program of inf…
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…
Greatest Value Traded, April 1-7
ExchgVal($000s)HighLowCloseChangeBarrick GoldT481…
Partners boost Glimmer reserves
Minable reserves at the Glimmer gold mine, near Matheson, Ont., have increased by one-third over previous estimates.Majority owner and operator Exall Resources (EXL-T) now pegs the mine’s reserves at …
Venetia a mine of its time
The processing plant at the Venetia mine, west of Messina, South AfricaEvery mine is a creature of its age, a reflection of the kind of thinking that marks the time during which it was planned. In Sou…
Cameco’s Cigar Lake passes regulatory hurdle
Slowly but surely, the Cigar Lake uranium project continues to inch its way toward a production decision.The high-grade mine, situated in northern Saskatchewan, is operated by Cigar Lake Mining, a joi…
Meetings (April 13, 1998)
Apr. 14, Denison MinesApr. 14, DiazApr. 14, Emerging Africa GoldApr. 14, KWGApr. 14, St GenevieveApr. 14, Sawtooth Int’lApr. 14, Sun Devil GoldApr. 15, Classic GoldApr. 15, Falcon PointApr. 15, Minco …
Metal Futures
Settlement prices for London Metal Exchange three-month contracts and spot metal, Apr. 7/98 (US$ per tonne):MetalCash Price3-Month Price…