McWatters plans to produce at East Amphi
Based on a positive feasibility report by Flour Daniel Wright, McWatters Mining (MCW-T) plans to place into production the East Amphi gold project near Malartic, Que.The first phase of mining at the 1…
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LETTERS TO THE EDITOR — Geostatistics credible, widely used
The editorial “Challenging Geostatistics” (T.N.M., Sept. 28-Oct. 4/98) contains many statements and implications with which I disagree. I restrict my comments here to the title and the general aim of …
LME WHSE LEVELS (November 16, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov. 10/98 (change from Nov. 3 in brackets):MetalStocks (tonnes)Change…
Richmont boasts record production
Thanks to record gold production and reduced cash costs, Richmont Mines (RIC-T) has enjoyed yet another strong quarter.For the three months ended Sept. 30, 1998, gold production reached a record high …
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Voisey’s Bay juniors on move as VSE posts modest gains
For the report period ended Nov. 10, the Vancouver Stock Exchange composite index inched up 3.45 points to 405.15, while the mining index added 5.48 points to finish at 300.55. The combined value of t…
METAL PRICES (November 16, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateNov. 10Nov. 9Nov. 6Nov. 5…
MINING MARKETS & INVESTMENT NEWS — Nasdaq boots Uranium Resources, welcomes Cornucopia
Uranium Resources (URIX-Q) is the latest casualty of the US$1 trading requirement of the Nasdaq board.The Dallas-based firm, which owns uranium properties in Texas and New Mexico, now has 90 days to r…
Monywa copper project reaches production stage
Indochina Goldfields (ING-T) has begun producing copper cathode at the Monywa heap-leach copper project in west-central Myanmar.Construction of the first-phase project is essentially complete, with co…
Echo Bay Mines posts quarterly loss
Echo Bay Mines (ECO-T) suffered a loss in the third quarter even as it tried to distance itself from last year’s massive writedowns which totalled US$300 million.The company recorded a loss of US$6 mi…
NAME CHANGE (November 16, 1998)
Unuk Gold (UNK-V) has changed its name to Auterra Ventures (AUW-V).
Canadian miners lend hand in hurricane clean-up
Mining companies operating in Honduras and Nicaragua escaped Hurricane Mitch with little damage and are now helping victims in those devastated countries cope with the aftermath.In Nicaragua, the stor…
Merks a betting man
The interim report of the TSE-OSC mining standards task force refers to the additive property of variances, but the president of the CIM geological society, Marcel Vallee, objects to applied statistic…