Production of most Canadian metals down
Canadian production of copper, primary nickel and refined zinc rose between March 1997 and March 1998. However, output of commodities such as gold, silver, refined nickel, lead and primary zinc declin…
News
MINING MARKETS & INVESTMENT NEWS — Promotion called “mini Bre-X”
Former executives of Redell Mining (REDC-V) are in a British Columbia courtroom facing one count of fraud and 19 counts of misrepresentation under the province’s Securities Act relating to the company…
Russian public bitten by the gold bug
For Russians, whose government is desperately propping up the ruble, gold may soon have the same meaning as hard currency.Russian banks plan to boost sales of the yellow metal to members of the public…
SPOT PRICES (July 06, 1998)
Tuesday June 30, 1998Price (US)Week’s ChangeGold*$295.75+ $1.85Silver*$ 5.36…
Minera Andes set to drill Arroyo Verde property
Spokane, Wash.-based Minera Andes (MAI-A) has announced plans to drill the Arroyo Verde gold-silver prospect in eastern Chubut province, Argentina, in late July.Arroyo Verde is a joint venture with Pe…
Intrepid and High River find silver at El Zapote
Partners Intrepid Minerals (IAU-A) and High River Gold Mines (HRG-T) have uncovered silver mineralization at their El Zapote property in western El Salvador.Six trenches dug in the Cerro Colorado III …
GOLD FUNDS (July 06, 1998)
Gold Funds as of June 25, 1998BGRCentralNet Value$13.65$5.93Price$10.05$5…
LETTERS TO THE EDITOR — Levelling the diamond field for all players
The dawning of the Canadian diamond industry and all it entails is upon us. Unfortunately, most Canadian and U.S. investors are not fully aware of the opportunities and pitfalls of the gemstone busine…
DIAMOND PAGE — Another kimberlite found at Victoria Island
Monopros has intersected a fifth kimberlite at the Victoria Island diamond project in the Northwest Territories.The De Beers Consolidated Mines (DBRS-Q) subsidiary can earn a 51% interest in the 809,3…
EDITORIAL — Cartels may give way to cooperatives — New players in the sandlot
Milk producers do it, along with egg farmers. Wheat farmers do it (though some would rather not), while oil producers tried to do it, but weren’t disciplined enough to suceeed. Microsoft’s Bill Gates …
African nations set standards
A new agreement among 16 West and Central African nations will benefit the business practices of western mining companies operating in the region, according to Price Waterhouse.The Organization for th…
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