PRODUCER & DEALER PRICES (October 25, 1999)
Antimony: Mid-mkt US$1,165/t.Bismuth: Mid-mkt US$4.65/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65/t.Cobalt: Recent trades US$14.95-17.00/lb.Copper: Comex Dec. US$0.791/lb.Indium: Indiu…
News
METAL PRICES (October 25, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 19Oct. 18Oct. 15Oct. 14…
Hedge books worry Ashanti, Cambior
The well-publicized troubles of Ashanti Goldfields (ASL-N), whose hedge book reached a negative paper value of US$450 million early this month, appear to be easing as the potential loss shrinks. Ashan…
Union rejects Goldcorp offer
Workers at the Red Lake mine in northern Ontario have rejected Goldcorp’s (G-T) latest offer, prolonging a strike that is now in its third year.The company had offered a termination provision, includi…
MOST ACTIVE ISSUES, OCTOBER 13-19
ExchgVol(000s)HighLowCloseChangeKinross GldT17130…
Winspear raises $14m for underground work — Bulk-sampling program to precede full feasibility
Winspear Resources (WSP-V) has negotiated a $14-million private placement with Deutsche Bank Securities, Canaccord Capital and Yorkton Securities, with proceeds earmarked for underground bulk sampling…
Ashton finds new kimberlite
Ashton Mining of Canada (ACA-T) has discovered a new kimberlite, on the Ric property in far northern Nunavut.Situated 250 km northwest of the Ekati diamond mine, the property is one of four blocks of …
LATIN AMERICA — Rio Tinto to resume work on Taca-Taca
Junior explorer Corriente Resources (CTQ-T) has signed an option agreement allowing London-based Rio Tinto (RTP-N) to drill the Salar Arizaro area of the Taca-Taca copper-gold project in Argentina.The…
PEOPLE — TMT Res. (October 18, 1999)
Randy Schuette and Derald Schuette appointed directors.
PEOPLE — Terrastar (October 18, 1999)
J.C. Forward appointed director.
LATIN AMERICA — Opawica starts field program
An exploration program by Opawica Explorations (OPW-T) is testing the Cura Este properties in the Argentine portion of the El Indio gold belt. The junior holds 150,000 ha in the region.Previous sampli…
LATIN AMERICA — BHP expands potential of Tintaya mine project
Australian-based major Broken Hill Proprietary (BHP-N) continues to outline significant mineralization near the Tintaya copper mine in southeastern Peru.Since it gained control of Tintaya by merging w…