Band-Ore takes up new gold prospect
An option agreement with two local prospectors gives Band-Ore Resources (BAN-T) the right to earn a 75% interest in a newly staked property 120 km southwest of Thunder Bay, Ont.Band-Ore will earn its …
1999
Careers (February 01, 1999)
Luscar Ltd’s recent growth through an acquisition has created new opportunities at its Edmonton head office. These positions present opportunities to work in a challenging and dynamic environment with…
Kolwezi tailings convention signed in DRC
The Kolwezi tailings project in the copper belt region of the Democratic Republic of Congo (DRC) appears to be inching closer to production. America Mineral Fields (AMZ-T) and Anglo American of South …
Azco options Malian ground
Azco Mining (AZC-T) has enlisted the aid of South African mining house Randgold Resources in exploring the Medinandi and Dandoko gold properties in western Mali.The major can earn a 60% interest in bo…
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Dow stable after mid-week dip
The Dow Jones industrial average dipped more than 200 points during the report period Jan. 20-26, though it recovered most of the loss in the last two days. The average finished down 30.64 points, or …
Sunshine boosts production forecast
Exploration at the Sunshine silver mine in northern Idaho has enabled Sunshine Mining & Refining (SSC-N) to increase production estimates to more than 5.2 million oz. in both 1999 and 2000. The previo…
AFRICA — Channel poised for busy year
Having fended off a hostile takeover bid by Etruscan Resources (EET-T) last summer, Channel Resources (GEYE-C) intends to continue work on its mineral properties in Burkina Faso, with some help from P…
GOLD FUNDS (February 01, 1999)
Gold Funds as of January 21, 1999BGRCentralNet Value$14.015.90Price$9.25$…
LME WHSE LEVELS (February 01, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan. 19/99 (change from Jan. 12 in brackets):MetalStocks (tonnes)Change…
TSE SHORTS (February 01, 1999)
Short positions outstanding at January 15, 1999Larger individual positions include:Abitibi-Consolidated 506,921, down 422,579; Alcan Aluminium 700,662, down 361,388; Anderson Exploration 204,890, up 1…
AFRICA — East Africa extends Nyakafuru mineralization
Drilling by East Africa Gold (EAG-V) has extended mineralization below the resources known to exist at the Nyakafuru gold property in the Lake Victoria Goldfields district of northwestern Tanzania.The…
AFRICA — Ashanti pays off financing, holds down debt
Through a restructuring of its hedging policy, Ashanti Goldfields (AHD-T) has paid off project financing at its two newest gold mines.The Ghana-based company closed out forward sales and put options, …