Software can affect geostats
One serious problem in the use of geostatistics to estimate reserves and not mentioned in the correspondence you have published on this topic arises when there is a mistake in the computer program.In …
News
Asarco to take US$45m charge
New York, N.Y.-based Asarco (AR-N), which lost more than US$15 million in the third quarter, says it will take a US$45-million charge in the fourth quarter.The charge is intended to cover the costs as…
Azimut options more ground in Quebec
Two separate option agreements set the stage for Azimut Exploration (AZM-M) to earn interests in the Joutel and Malartic gold properties in Quebec’s Abitibi camp.To earn a 50% interest in the Joutel p…
METAL PRICES (December 07, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateDec. 1Nov. 30Nov. 27Nov. 26…
GOLD FUNDS (December 07, 1998)
Gold Funds as of November 26, 1998BGRCentralNet Value$14.275.96Price$10.50…
Prime accepts Homestake offer
Shareholders of Prime Resources Group (PRU-T) have accepted Homestake Mining’s (HM-N) offer to acquire the 49.9% of Prime it does not already own.Homestake Chairman Jack Thompson says the transaction …
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — TSE cushioned by merger mania, producers take cover
Gold producers, base-metal companies edge downward in lacklustre week The Toronto Stock Exchange 300 index fell 113.13 points during the report period Nov. 25-Dec. 1, ending the week at 6,457.14. Trad…
TSE INDICES (December 07, 1998)
1998Dec. 1Nov. 30Nov. 27Nov. 26Nov. 25HighLowComp…
Gitennes to sell flagship property in Peru to Cambior
Cambior (CBJ-T) will become the new owner of Gitennes Exploration’s (GIT-T) flagship property in Peru under the terms of a proposed option agreement between the two companies.In exchange for cash paym…
Aurizon finds more gold (December 07, 1998)
Aurizon Mines (ARZ-T) continues to hit long gold intersections in the West Mine zone of the Casa Berardi mine in northwestern Quebec.Surface holes have intersected a gold-bearing zone at a depth of 60…
Nelson Gold stays afloat despite rough third quarter
Despite failing to turn a third-quarter profit, Nelson Gold (NLG-T) is benefiting from an expansion program at its 44%-held mine in Tajikistan.The London, England-based company earned US$575,000 on re…
Monywa bolsters Indochina Goldfields — Copper producer could expand to 35,000 tonnes per year
Cash flow from the Monywa copper project in west-central Myanmar is enabling Indochina Goldfields (ING-T) to claw its way toward profitability.For the first nine months of 1998, IG reported a loss of …