GREATEST VALUE TRADED (November 02, 1998)
ExchgVol (000s)HighLowCloseChangePlacer DomeT2864…
News
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold sub-index gains despite metal’s retreat
The Oct. 21-27 report period saw a cooling-off in the autumn rally in gold and gold stocks, with the yellow metal sliding back $3.15 to US$293.75 per oz. on the London morning fix of Oct. 28. Nonethel…
SPOT PRICES (November 02, 1998)
Wednesday October 28, 1998Price (US)Week’s ChangeGold*$293.75-$3.15Silver*$ 5.06…
METAL PRICES (November 02, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 27Oct. 26Oct. 23Oct. 22…
Juniors examine Menarik
Juniors Canspar Resources (CSZ-M) and Pro-Or Mining Resources (POI-M) are joining forces to explore and develop the Menarik chromite-platinum-palladium project in the James Bay region of northern Queb…
AG hits more gold at Amable
In a market starved for trading opportunities, investors are keeping a close eye on Argentina Gold (ARP-V). The Vancouver-based junior has released more encouraging drill results from the Amable targe…
IP targets tested at Munro
Partners Queenston Mining (QMI-T) and Franco-Nevada Mining (FN-T) have begun drilling geophysical targets at the their Munro property near Kirkland Lake, Ont.Eight holes totalling 2,740 metres will te…
Rio Tinto buys coal mine
Rio Tinto (RTP-N) has agreed to buy an 80% stake in an Australian coal mine from Atlantic Richfield for US$150 million.Rio’s operating subsidiary, Pacific Coal, expects to reopen the Gordonstone mine …
Cyprus Amax places coal subsidiary on block
In an effort to eliminate debt, Cyprus Amax Minerals (CYM-N) is seeking a buyer for its coal subsidiary.Cyprus Amax Coal Co. is one of the leading coal producers in the U.S., with operations in Pennsy…
Juniors to drill Batchawana
Fort Knox Gold Resources (FNX-T) and Aurogin Resources (AUQ-V) are collaborating on a diamond drill program at the later’s Batchawana polymetallic property near Sault Ste. Marie, Ont.By year-end, betw…
Stillwater mine runs deep — Sales contracts inspire company to accelerate expansion program
Nestled in a picturesque valley near this small western town, the Stillwater mine has long been known as North America’s only primary source of platinum and palladium, and the richest known deposit of…
Inco hit by weak demand
Low nickel prices cut deep into Inco’s (N-T) sales revenue and pulled the major back into the red during the third quarter.For the three months ended Sept. 30, Inco lost US$24 million (or 18 cents per…