Armada sells Erdmin
Armada Gold (AAU-T) has sold its 49% interest in the Erdmin solvent extraction-electrowinning copper project in Mongolia.A private American company will pay US$3 million over the next three years and …
1999
Coeur completes study at Kensington
In a bid to improve the economics of the Kensington gold project in the Alaskan Panhandle, Coeur d’Alene Mines (CDE-N) has completed an optimization study that is expected to reduce production costs b…
Normandy attempts takeover of Great Central
DenverNormandy Mining (NDY-T) and a private Australian company, Edensor Nominees Proprietary, have offered to acquire all the remaining shares of Great Central Mines (GTCMY-Q) they do not already own….
LETTERS TO THE EDITOR — Infrastructure, not imagination, buoys high-technology industry
A recent editorial, “Ears to hear” (T.N.M., Nov. 23-29/98), commented on Premier Glen Clark’s efforts to launch British Columbia into high-tech industries. This reminds me of the proposal put forward …
SPOT PRICES (January 25, 1999)
Wednesday January 20, 1999Price (US)Week’s ChangeGold*$285.90-$2.30Silver*$ 5.13…
LETTERS TO THE EDITOR — Greenback as good as gold
The writer would like to take this opportunity to thank you for the editorial “Canada selling again” (T.N.M., Dec. 14-20/98).With the U.S. dollar being the No. 1 accepted currency of world trade, one …
TSE INDICES (January 25, 1999)
1999Jan. 19Jan. 18Jan. 15Jan. 14Jan. 13HighLowCom…
METAL PRICES (January 25, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJan. 19Jan. 18Jan. 15Jan. 14…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Deadly copper price snuffs out Highland Valley mine
The biggest story during the report period ended Jan. 19 was the announcement that the low-grade, high-tonnage Highland Valley copper mine in British Columbia would close in May.The decision was made …
DIAMOND PAGE — Lacklustre results from Buffalo Hills
Ashton Mining of Canada (ACA-T) has met with a setback at the Buffalo Hills diamond exploration project in north-central Alberta: the analysis of a mini-bulk sample from kimberlite K-11 has proved une…
MINING & OPINION – COMMENTARY — Gold hedging here to stay
Although hedging by gold mining companies has had a relatively short history, it has reached a position of great significance, and not just to producers. Nowadays, any potential investor, any dealer i…
Winspear to launch $12m program at Snap Lake project
Diamond explorer Winspear Resources (WSP-V) is gearing up for a $12-million drilling program designed to advance the NW Snap Lake project in the Northwest Territories.The project is focused on the exp…