News


Teck in bought deal

Teck (TEK-T) is issuing $150 million of new equity through an offering of 10 million units priced at $15 each.The financing is a bought deal by a syndicate led by First Marathon Securities and RBC Dom…


Newmont’s Batu Hijau nears completion

The huge Batu Hijau copper-gold mine on the Indonesian island of Sumbawa is 90% complete and due to enter production in the fourth quarter. Commercial production is expected to follow in the first qua…



Seabee output boosts Claude’s profit

Saskatoon-based gold and petroleum producer Claude Resources (CRJ-T) has turned in another profitable quarter, following a strong performance by its flagship Seabee gold mine in Saskatchewan.In the th…


PRODUCER & DEALER PRICES (May 17, 1999)

Antimony: Representative mid-market US$1,240 per tonne (May 11/99).Bismuth: Representative mid-market US$3.55 per lb. (May 11/99).Cadmium: Representative mid-market US$0.23 per lb. (May 11/99).Chromiu…


Bolivar pushes Tomi to capacity

Having reached planned capacity of 1,500 tonnes per day, the Tomi mine in Venzeula’s El Callao district is expected to produce an average of 46,000 oz. gold annually at an average cost of US$173 per o…


Camnor cuts anomalous gold in Alaska

Drilling by Camnor Resources (CMB-V) at the Discovery Gulch property in east-central Alaska has returned anomalous gold values.The 3,000-acre property is at the headwaters of Switch Creek. Camnor stan…



Careers (May 17, 1999)

Regional Exploration ManagerHudson Bay Exploration and Development Company Limited, the wholley owned exploration subsidiary of Hudson Bay Mining and Smelting Co., Limited is seeking a Regional Explor…


Meetings (May 17, 1999)

May 17, Copper Creek May 17, Highridge May 17, Hillsborough May 17, Int’l Savannah May 17, Pheasantback May 17, Tribute May 17, Viceroy May 18, Best Pacific May 18, Campbell May 18, Carmanah May 18, L…


OSC brings charges against Felderhof

Two years after Bre-X Minerals’ Busang gold deposit in Indonesia was revealed to be a fraud, securities regulators are laying charges against the company’s former vice-chairman, while police have ceas…


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