Projects vie for attention at convention
More than 6,500 delegates from throughout the world descended on Toronto in mid-March for the 1999 Prospectors & Developers Association of Canada (PDAC) convention. While international projects clearl…
News
COMMENTARY — Costs to drop with gold price
The gold price will sink to US$285 per oz. by 2002, though cash costs for Western World producers are also expected to fall, according to a report released by AME Mineral Economics.A study of mine cas…
EXCHANGE RATES (March 22, 1999)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMar. 16Mar. 15Mar. 12Mar. 11Mar. 10…
GOLD FUNDS (March 22, 1999)
Gold Funds as of March 11, 1999BGRCentralNet Value$14.306.07Price$9.90$5.
Seahawk finds emeralds at property in Brazil
Seahawk Minerals (SKM-V) reports that preliminary drilling at the Piteiras property in Brazil’s Minas Gerais state has encountered emeralds.Two of four holes drilled into high-grade metamorphic rocks …
Juina produces diamonds
Juina Mining (GEMM-O) has started producing alluvial diamonds at its namesake operation in southwestern Brazil, with buyers already lined up for initial shipments.The company holds mining rights to 2,…
NEWS ROUNDUP — Farallon settles dispute with Torok
A longstanding legal dispute between Farallon Resources (FAN-T) and John Torok has been settled.Last summer, the Supreme Court of British Columbia dismissed Torok’s claims in the province and awarded …
Thundermin nabs Duck Pond
Junior Thundermin Resources (THR-T) has reached a deal with Noranda (NOR-T) to acquire the Duck Pond polymetallic property in central Newfoundland.Comprising 11,796 ha and situated 30 km southeast of …
PEOPLE – Greenstone
Allen Gordon appointed director and interim chairman.
PEOPLE — Golden Star (March 15, 1999)
James Askew appointed president and CEO.
MINING MARKETS & INVESTMENT NEWS – QUERY — Two companies named St. Maurice, both gone
I’m searching historical archives about the St-Maurice Mining Company, which exploited concessions in Preissac Twp., Abitibi, Quebec, in 1916-21 and 1943-44. Is there a place where I can find this inf…
MINING MARKETS & INVESTMENT NEWS – INVESTMENT COMMENTARY — Analysts see silver lining in Pan American
Pan American Silver (PAA-T) is the premier pure silver play on the Toronto Stock Exchange, says Barry Cooper, mining analyst with CIBC Wood Gundy.The company offers strong growth that is highly levera…