News

DIAMOND PAGE — American Gem inks distribution deal

Toronto-based American Gem (GEM-V) has signed an agreement granting Gupta Gemhouse the right to become the exclusive distributor of its existing sapphire inventory and future production from the Gem M…


NEWS ROUNDUP — Goldcorp boosts Red Lake reserves

Ongoing definition drilling has enabled Goldcorp (G-T) to report a 47% increase in high-grade reserves at its Red Lake gold mine in northwestern Ontario.High-grade, probable reserves are calculated at…


LME WHSE LEVELS (September 14, 1998)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at Sept. 8/98 (change from Sept. 1 in brackets):MetalStocks (tonnes)Change…


Adrian, Skyline form JV in Peru

Adrian Resources (ADL-T) and International Skyline Gold (SK-T) will acquire a 63% and a 27% interest, respectively, in the Picuda copper-oxide property in southern Peru.In return, Adrian must pay the …


PRODUCER AND DEALER PRICES (September 14, 1998)

Aluminium: LME settlements US$1,355, alloy US$1,160 per tonne (Sept. 1/98).Antimony: Representative mid-market US$1,250 per tonne (Aug. 25/98).Bismuth: Representative mid-market US$3.45 per lb. (Sept….


Falco curtails D.R. production

Ongoing weakness in world nickel markets has prompted a unit of Falconbridge (FL-T) to curtail production from its 85.26%-owned ferronickel operation in the Domincan Republic.During the 3-month shutdo…


Meetings (September 14, 1998)

Sept. 14, Camnor –Sept. 14, Cont’l Precious Minerals –Sept. 14, Int’l Taurus –Sept. 14, Tenajon –Sept. 14, Western Pacific –Sept. 15, Altagem –Sept. 15, Ascot –Sept. 15, Mazarin –Sept. 15, Med…


Donner resumes drilling near Voisey’s Bay

Donner Minerals (DML-V) has resumed drilling at the South Voisey’s Bay joint venture in Labrador.Drilling had been suspended for one month to allow an ongoing pulse electromagnetic survey to delineate…


Polymet sells Labrador interests

Polymet Mining (POM-V) is pulling out of Labrador so that it can focus on the Dunka Road polymetallic project in northeastern Minnesota.Polymet, formerly known as Fleck Resources, will sell its intere…




Asian woes affect Hillsborough

The economic malaise in Asia is taking its toll on Hillsborough Resources (HLB-T), operator and 63%-owner of the Quinsam coal mine near Campbell River, B.C.After consulting with Japanese partner Marub…


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