Companies (February 08, 1999)
Aber ResourcesAlto MineralsAmeridex MineralsApex Silver MinesApogee MineralsArgentina GoldAsarcoAshanti GoldfieldsAvalon VenturesBand-Ore ResourcesBarrick GoldBeaufield Consolidated Resourc…
News
METAL PRICES (February 08, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateFeb. 2Feb. 1Jan. 29Jan. 28…
Cyprus bleeds red in 1998
Englewood, Colo.-based Cyprus Amax Minerals (CYM-N) posted a net loss for 1998 as a result of low copper prices.The loss of US$75 million (or $1.02 per share) compares with earnings of US$69 million (…
Vista advances mine
Armed with a preliminary banking agreement, Vista Gold (VGZ-T) is proceeding with development of the Amayapampa open-pit mine in southwestern Bolivia.The junior negotiated a US$15-million loan in Janu…
Grayd funds Alaskan work
Junior Grayd Resource (GYD-V) has raised $750,000 in a non-brokered private placement consisting of 3 million units priced at 25 cents each.A unit consists of one share and one non-transferable warran…
MOST ACTIVE ISSUES, Jan. 27 – Feb. 2
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Band-Ore takes up new gold prospect
An option agreement with two local prospectors gives Band-Ore Resources (BAN-T) the right to earn a 75% interest in a newly staked property 120 km southwest of Thunder Bay, Ont.Band-Ore will earn its …
Diamond core cuts high grade for Argentina Gold
Partial results from the first diamond drill hole on the Veladero property in Santa Cruz province have returned high grades for Argentina Gold (ARP-V).Drill hole DDA-1 cut 31 metres averaging 42.25 gr…
AFRICA — Sadiola Hill mine cracks half-million-ounce barrier
Higher-than-expected mill capacity allowed Iamgold (IMG-T) and its South African-based partner, Anglogold (AU-N), to produce more than half a million ounces from the Sadiola Hill gold mine in western …
AFRICA — Sutton advances Bulyanhulu — Mining costs projected at US$45-59 per ton
Sutton Resources (STT-T) has appointed Standard Bank London to arrange US$130 million in project financing for the Bulyanhulu gold project in Tanzania.Standard Bank will underwrite US$40 million and a…
AFRICA — Tri-Star buys back old Minorca interests in Africa
Following its October merger with Minorca Resources, McWatters Mining (MCW-T) has moved to shed Minorca’s West African interests.Tri-Star Gold (TSG-V) has bought back the interests Minorca held in 13 …
AFRICA — Jean-Gobele at feasibility
Determined to bring its gold deposit into production by the end of the year, Semafo (SMF-T) has engaged a consultant for a final feasibility study at the Jean-Gobele project in eastern Guinea.RSW-Bero…