Lyon Lake aborts Beta Vargas mine
Citing the weak gold market, Lyon Lake Mines (LLL-M) has suspended mining at its Beta Vargas open pit in Costa Rica, though heap-leaching is continuing.Despite this setback, Lyon Lake says it plans to…
News
America Mineral Fields deals for Russian diamond properties
America Mineral Fields (AMZ-T) has picked up interests in two diamond licences in northern Russia.AMF can obtain, from a Russian-based company, a 40% interest in each of the licences, which are under …
OBITUARY — William George Wahl
William George “Gus” Wahl, a prominent member of Canada’s exploration industry and who discovered numerous mineral deposits throughout the world, has died. He was 80.Born on June 16, 1918, in Crosby, …
Meridian gives green light to El Penon
On the heels of a new discovery at the El Penon project in northern Chile, Meridian Gold (MDG-N) has decided to proceed with development of a combined open-pit/underground mine.The Reno, Nev.-based co…
DIAMOND PAGE — Archangel seeks to resolve dispute at Verkhotina project — Funding for Russian project suspended pending compliance of local joint-venture partner
Archangel Diamond (AAD-V) says it will take its dispute with its Russian partner to an international arbitrator if a resolution is not reached soon.The Vancouver-based company is seeking to have the e…
MINING MARKETS & INVESTMENT NEWS – INSIDER TRADING — Aur, Dia Met and Eldorado insiders sell shares
According to the Ontario Securities Commission Bulletin, the following insider trades occurred in May and June:* Aur Resources (AUR-T) — Leo Thibodeau, director, sold 19,000 shares at $3.50-3.55 to h…
MOST ACTIVE ISSUES, July 8-14
ExchgVol(000s)HighLowCloseChangeMeridian GoldT689…
METAL PRICES — Daily Metal Prices (July 20, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices in US$ per tonne)DateJuly 14July 13July 10July…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Base metal majors’ shares slump as Antamina deal closes
The Toronto Stock Exchange experienced a broad trading range during the July 8-14 report period, with the TSE 300 composite index easing off 1% to 7,387.06 points. The metals-and-minerals sub-index su…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Foreign plays attract attention in otherwise dull western market
The Vancouver Stock Exhange composite index shed 7.95 points, or 1.5%, to close at 520.04 over the report period ended July 14. The mining index followed suit, dropping 8.35 points, or 2.2%, to finish…
Focal expands presence in Nicaragua
Focal Resources (FCJ-A) has increased to 100% its working interest in three exploration properties in Nicaragua, following an agreement with High River Gold Mines (HRG-T).* The Rio Siquia property is …
Laguna advances Rio Chiquito
With proceeds from a recent private placement in hand, Laguna Gold (LGC-T) is set to move ahead with a small open-pit operation at its Rio Chiquito property in Costa Rica.The company recently complete…