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…
News
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…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Few signs of life from VSE-listed junior explorers
There was little to cheer about during the report period Feb. 10-16, as western markets put in another lacklustre performance. The Vancouver Stock Exchange composite index slipped 5.43 points, or 1.3%…
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Low copper pounds producers
The Dow Jones industrial average gained 164 points, or 1.8%, during the report period ended Feb. 16, to close at 9,297.03.Mining issues were mixed throughout the week, though copper producers were hit…
Xemac extends zone at Lac Barry gold project
A drill program by Xemac Resources (XEM-M) has extended the No. 2 gold zone at the junior’s Lac Barry project near Lebel-sur-Quevillon, Que.One of the holes testing the No. 2 zone returned 89.7 grams …