SPOT PRICES (November 30, 1998)
Wednesday November 25, 1998Price (US)Week’s ChangeGold*$296.20+$1.80Silver*$ 4.92…
1998
Cameco cuts back production
In response to persistently low uranium prices, Cameco (CCO-T) plans to reduce uranium production from the Key Lake and Rabbit Lake operations in Saskatchewan.At the same time, uranium conversion serv…
EXPLORATION – Leeward ponders merger proposals
Management of Leeward Capital (LWC-A) is engaged in discussions for a possible merger with a company for the purpose of financing ongoing work at the Pistol Lake gold project in the Bathurst Inlet reg…
EDITORIAL & OPINION — NEW HORIZONS — Stopping a car with gold
Twenty-eight million cars and light trucks built over the past four years in North America have factory-installed, life-saving anti-lock braking systems (ABS). Of all the materials available in the wo…
EXPLORATION – Dianor picks up more ground
Dianor Resources (DOR-M) has acquired four mining properties and an exploration permit in the James Bay area of Quebec from privately held Ressources Aurter.The five areas, totalling 7,460 ha, were ac…
EXPLORATION – Sulliden drills Las Hualquillas
Sulliden Exploration (SUE-M) has completed two diamond drill holes in the El Huabo and Cementerio sectors of its Las Huaquillas property in the Cajamarca department of northern Peru.In the El Huabo se…
EXPLORATION – Gold discovery reported at Pine East property
A gold discovery at the Pine East property has prompted partners Shane Resources (SEI-V) and Claude Resources (CRJ-T) to change the terms of their current agreement.The discovery was made on Shane’s p…
Index (November 30, 1998)
CareersClassifiedDiamond PageDrillersEditorialFacts’n’FiguresInsider TradingInvestment CommentaryLetter to the EditorMarket PlaceMetal PricesMining Markets and Investment NewsNew Horizons…
EXPLORATION — Noveder adds to Newfoundland holdings
The discovery of a gold showing along a bush road has prompted Noveder (NED-M) to option the Avalon property, a mere 2-hour drive from St. John’s, Nfld.Preliminary stripping and channel sampling over …
EXPLORATION – Cons. African aims drills at Collision
Consolidated African Mining (AFC-V) is encouraged with results from the first 20 holes drilled at its Collision gold property in central Zimbabwe.The London-based company is targeting an ironstone for…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Argentina heats up as Labrador’s juniors languish
The Vancouver Stock Exchange composite index slipped below the 400 mark, losing 11.27 points to finish the report period ended Nov. 24 at 389.76. The mining index followed suit, dropping 2.1 points to…
GREATEST VALUE TRADED (November 30, 1998)
ExchgVol (000s)HighLowCloseChangePlacer DomeT2256…