Companies (September 07, 1998)
Index AAber ResourcesAkrokeri Ashanti Gold MinesAnatolia Minerals DevelopmentAsarcoAshanti GoldfieldsAZCO MiningBreakwater ResourcesCambiorCamphor VenturesCanarc ResourceClaude ResourcesDayton MiningD…
News
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Juniors take beating as western markets plunge
The Vancouver Stock Exchange composite index plunged through the 400 level during the report period Aug. 26-Sept. 1 to close at 388.86, down 41.55 points, or 9.7%. The mining index followed suite, she…
PRODUCER & DEALER PRICES (September 07, 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….
Gran Colombia drops deal
Ongoing turmoil in the Russian economy has prompted Gran Colombia Resources (GRM-T) to defer plans to acquire an 80% interest in the Pokrovskoye gold project in the Amur Oblast region.The junior compa…
Ashanti plans friendly takeover of Samax Gold
Though no formal offer has been made, Ashanti Goldfields (ASL-N) says it intends to acquire London-based Samax Gold (SMX-T) as a means of augmenting its existing holdings in Tanzania.Ashanti plans to …
LATIN AMERICA — Cambior’s Omai mine aims to sustain production levels — Plan hinges on development of soft rock reserves at mine site in northeastern Guyana
With operations now running smoothly at the Omai gold mine in Guyana, owners Cambior (CBJ-T) and Golden Star Resources (GSC-T) are paying extra attention to lowering production costs and searching for…
LATIN AMERICA — LatinGold plans more work for Pinguicos
Toronto-based LatinGold (LAT-T) plans to carry out a follow-up drill program at the Pinguicos property near Guanajuato city in central Mexico. The gold-silver project is adjacent to Penole’s Las Torre…
LATIN AMERICA — General moves Vizcachitas to feasibility — Combined mill and SX-EW project to cost US$276m
Undaunted by the loss of a partner in developing its Vizcachitas project in central Chile, General Minerals (GNM-T) has announced it is going ahead with a bankable feasibility study.An initial feasibi…
LATIN AMERICA — Takla Star hits gold in Bolivia
Drilling by Takla Star Resources (TKR-A) at the Orkho Pina property in western Boliva has cut wide zones of low-grade gold and zinc mineralization.Four of the five holes drilled returned one mineraliz…
LATIN AMERICA — La Salle yields more gold
Toronto-based Chesbar Resources (CBI-M) has released additional results from drilling at the La Salle I gold property on its Anacoco IV concession in Venezuela’s Bolivar state.The 41-hole, 5,000-metre…
Independence options Buckhorn South
Independence Mining has exercised an option with Royal Gold (RGLD-Q) for the Buckhorn South property in Eureka Cty., Nev.Independence, a wholly owned subsidiary of Luxembourg-based Minorco (MNRCY-Q), …
METAL PRICES (September 07, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateSept. 1Aug. 31Aug. 28Aug. 27…