METAL PRICES (March 29, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMar. 23Mar. 22Mar. 19Mar. 18…
News
Raymor confirms lithium grade
Bulk-sampling by Raymor Resources’ (RAR-A) at the La Motte lithium property has confirmed previous estimates of lithium grade.The Centre de Recherches Minrales du Qubec analyzed a 50-tonne sample co…
Energold points to solid values at Longyear
The latest drill results are adding momentum to Energold Mining’s (EGD-V) attempts to outline gold-copper-silver mineralization at the Longyear property in the Dominican Republic.The company will dril…
PRODUCER & DEALER PRICES (March 29, 1999)
Antimony: Representative mid-market US$1,330 per tonne (Mar. 23/99).Bismuth: Representative mid-market US$3.25 per lb. (Mar. 23/99).Cadmium: Representative mid-market US$0.24 per lb. (Mar. 23/99).Chro…
DIAMOND PAGE — Rex expands holdings in Mauritania
Rex Diamond Mining (RXD-T) has been awarded three more exploration concessions in Mauritania.Two of the permits, Ouassat and Arouedil, cover a total of 19,600 sq. km of Archean terrain immediately nor…
Barrick to buy stake in Golden Ridge — Major to take over 50% interest held by Randgold Resources
Just weeks after launching a bid for Sutton Resources (STT-T) and its prized Bulyanhulu gold deposit, Barrick Gold (ABX-T) is expanding its holdings around the Tanzanian property by acquiring Johannes…
CORRECTION (March 29, 1999)
A report in our March 15-21 issue erroneously stated that Tiberon Minerals is a Vancouver-listed company. The company trades on the Alberta Stock Exchange under the ticker symbol tbr.Furthermore, Tibe…
Myra Falls mine back on-stream — Backfilling, new bolting pattern to improve ground conditions
Satisfied with rehabilitation work on its underground mine, Boliden (BOL-T) has resumed production at the Myra Falls zinc-copper operation on Vancouver Island.The company had suspended production in D…
EDITORIAL & OPINION — Gold sales would harm world’s poor — IMF folly
United States President Bill Clinton likes the idea, and so does Vice-President Al Gore. U.S Treasury Secretary Robert Rubin also favours the idea of encouraging the International Monetary Fund (IMF) …
TSE SHORTS (March 29, 1999)
Short positions outstanding at March 15, 1999Larger individual positions include:Abaddon Resources 120,000, up 120,000; Abitibi Consolidated 493,000, down 170,811; Alcan Aluminium 630,336; Barrick Gol…
EDITORIAL & OPINION — NEW HORIZONS — Social duties the next challenge
The village women arrived early. They climbed on to the drill rig and detached the water line, forcing the driller to stop the machine. They then moved down to the geologists’ office and presented him…
Tarkwa wipes US$75m debt
Gold Fields (GDFDY-O) and Golden Knight Resources (GKR-T) have eliminated US$75 million in debt related to the construction of the Tarkwa gold mine in southwestern Ghana.The South African major, which…