PEOPLE — Kit Res.
Ian McDonald appointed chairman, CEO and director.
News
EDITORIAL & OPINION — A land-use planner’s job is never done — Changing goalposts
Margaret Thatcher once said that trying to run a country by consensus is foolhardy at best and an abdication of leadership at worst (or words to that effect). Nonetheless, governments of all stripes c…
Franco earnings dip slightly
Low commodity prices have barely clipped the bottom line of Franco-Nevada Mining (AGM-T), a royalty company with a 50% interest in the newly producing Ken Snyder gold mine in Nevada.Franco posted net …
Mustang yields gold
Partners Altius Minerals (ALS-A) and Sulliden Exploration (SUE-M) have intersected low-grade gold mineralization at their Mustang property in central Newfoundland.Gold values encountered in all 10 hol…
Companies (February 22, 1999)
Altius MineralsAnatolia Minerals DevelopmentArgentina GoldAurizon MinesBarrick GoldBeaufield Consolidated ResourcesBoreal ExplorationCambiorCamecoCamphor VenturesChalice MiningComincoDayton MiningDe B…
EDITORIAL & OPINION – COMMENTARY — Sector must face challenges
I like a challenge, and I firmly believe that anything that makes people and businesses re-examine their current methods and beliefs is a good thing. Although challenges often lead to the creation of …
DIAMOND PAGE — Higher output but lower prices for Cameco
Despite having produced and sold record levels of uranium and gold in 1998, Cameco (CCO-T) reports that its net earnings were only about half those of 1997.The Saskatoon-based company earned $44 milli…
METAL PRICES (February 22, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateFeb. 16Feb. 15Feb. 12Feb. 11…
Restructuring adds to Noranda’s bottom line
Despite low metal prices and a disappointing fourth quarter, Noranda (NOR-T) managed to turn a profit in 1998 by divesting itself of several assets.The major earned $658 million (or $2.68 per share) o…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Golds post modest comeback while base metals retreat
The Toronto Stock Exchange 300 index slid 57.49 points in the report period Feb. 10-16, ending the week at 6,386.48.Gold producers regained some ground, with the gold and precious metals sub-group ris…
BCSC bans fraud artist from VSE — Cash from Dia Met scheme used to pay gambling debts
A man serving two years in jail for swindling 10 British Columbia residents out of more than $150,000 was ordered to pay $100,000 and slapped with a lifetime trading ban in a ruling by the British Col…
PRODUCER & DEALER PRICES (February 22, 1999)
Antimony: Representative mid-market US$1,390 per tonne (Feb. 16/99).Bismuth: Representative mid-market US$3.15 per lb. (Feb. 16/99).Cadmium: Representative mid-market US$0.25 per lb. (Feb. 16/99).Chro…