Staking rush heats up
Dozens of staking crews are busy blazing claim lines through the spruce stands of the Lac Evans area, east of the James Bay highway in northwestern Quebec, on the heels of the recent nickel discovery …
News
CORRECTION (February 08, 1999)
A report in our Jan. 25-31 issue incorrectly placed the Rosia Montana property in Bulgaria. The gold-silver project is in Romania.
WMC finds more gold
WMC International, the North American unit of Australian major Western Mining, has discovered more gold-bearing iron formation at the Meliadine West gold project, 20 km north of Rankin Inlet, N.W.T.Si…
Stillwater turns in record year
More ounces and a higher sales price enabled platinum producer Stillwater Mining (SWC-X) to post record earnings in 1998.At its namesake mine in southwestern Montana, the company cranked out 111,000 o…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Junior resource stocks enliven lacklustre market
The Toronto Stock Exchange 300 index gained a modest 20.35 points in the report period Jan. 27-Feb. 2 to close the week at 6,683.78.Buoyed by stronger gold and silver prices, the gold and precious met…
Canadian gems sell in Antwerp
Canadian producers BHP Diamonds and Dia Met Minerals (DMM-T) have sold the first parcel of rough diamonds from their Ekati mine north of Yellowknife, N.W.T.BHP Diamonds, a subsidiary of Broken Hill Pr…
Rayrock boosts reserves
Rayrock Resources (RAY-T) has boosted reserves at its three open-pit gold mines in Nevada and at its copper mine in Chile.Combined, the 66.6%-held Marigold and wholly-owned Dee and Daisy gold mines no…
Teck options three Chilean properties
Teck (TEK-T) will form joint ventures with General Minerals (GNM-T) on three copper projects in central Chile.The Vancouver-based major can earn a 60% interest in General Minerals’ Productura copper-g…
GOLD FUNDS (February 08, 1999)
Gold Funds as of January 28, 1999BGRCentralNet Value$13.685.88Price$8.75$…
LME WHSE LEVELS (February 08, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb. 2/99 (change from Jan. 26 in brackets):MetalStocks (tonnes)Change…
U of T offers remote-sensing course
A short course on remote-sensing in mineral exploration will follow this year’s convention of the Prospectors and Developers Association of Canada, in Toronto.The course, to be held March 19-20 at the…
SPOT PRICES (February 08, 1999)
Feb. 3, 1999Courtesy of ScotiabankPrecious MetalsPrice (US/oz)ChangeGold$287.55+$1.65Sil…