William accelerates closure
Poor third-quarter results have prompted William Resources (WIM-T) to shut down its Brazilian gold mine earlier than expected.In mid-October, William announced that its problem-plagued Jacobina mine w…
News
Exall shines in third quarter
Junior producer Exall Resources (EXL-T) enjoyed a profitable third quarter, netting $801,031 in the three months ended Sept. 30, compared with net losses of $148,552 in the comparable period of 1997.T…
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — Inquiry to report on mine disaster
Work at a kimberlite pipe on the Tswapong property in Botswana has been halted after sampling indicated uneconomic diamond content.Owner Botswana Diamondfields (BWD-V) has since closed its field offic…
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — Ocean Diamond meeting targets
Production at operations owned by South African-based Ocean Diamond Mining Holdings are expected to meet projections.For the 6-month period ended Sept. 30, the company, produced 31,401 carats from the…
TSE INDICES (November 16, 1998)
1998Nov. 10Nov. 9Nov. 6Nov. 5Nov. 4HighLowComposi…
Mining proposals open for discussion
Proposals by the Ontario Securities Commission (OSC) and the Toronto Stock Exchange (TSE) designed to keep a tighter rein on publicly traded mining companies will be the focus of a conference to be he…
Producer and Dealer Prices (November 16, 1998)
Aluminium: LME settlements US$1,296, alloy US$1,092 per tonne (Nov. 10/98).Antimony: Representative mid-market US$1,295 per tonne (Nov. 10/98).Bismuth: Representative mid-market US$3.20 per lb. (Nov. …
New nickel market to emerge: analysis — But it doesn’t look any friendlier than the present one
It just doesn’t look all that good for nickel.Recent analyses of the nickel market, from a number of quarters, are generally pessimistic. Even accounting for bottom-of-the-market despair, which freque…
Energold to reacquire 100% of Longyear
Under a proposed agreement with Eldorado Gold (ELD-T), due to close in late November, Energold Mining (EGD-V) will reacquire the Longyear gold concession in the Dominican Republic.Energold currently h…
Cerro Crucitas changes hands
Montreal-based Lyon Lake Mines (LLL-M) is acquiring Placer Dome’s (PDG-T) Cerro Crucitas gold project in northeastern Costa Rica and merging with Vancouver-based Palmer Resources (PMD-V).Lyo…
Correspondent needs sorting out
Your garrulous Ocker correspondent displayed the usual Australian sensitivity on matters New Zealand in the recent story “Australasian PGM sector needs dash of Fipke magic” (T.N.M., Sept. 14-20/98).Fi…
TSE SHORTS (November 16, 1998)
Short positions outstanding at October 30, 1998Larger individual positions include:Abitibi-Consolidated 1,122,794, up 66,150; Anderson Exploration 180,911; Argentina Gold 153,400; Asia Pacific Resourc…