GOLD FUNDS (June 29, 1998)
Gold Funds as of June 18, 1998BGRCentralNet Value$13.84$5.95Price$10.10$5…
News
Ventures drill-tests prospects
Choosing to focus on its most advanced projects, Ventures Resource (VRS-V) has commenced a trenching and drilling campaign on the Veta and Flat gold properties in central Alaska.Most of the US$1.5 mil…
Greenstone drills new zone at La Libertad
Greenstone Resources (GRE-T) has discovered a new high-grade gold zone at its La Libertad property in Nicaragua.The new zone, dubbed Santa Elena, is situated immediately northeast of the Crimea zone, …
METAL FUTURES (June 29, 1998)
Settlement prices for London Metal Exchange spot metal and three-month contracts, June 23/98 (US$ per tonne):MetalsCash Price3 Month Price…
METAL PRICES — Daily Metal Prices (June 29, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateJune 23June 22June 19June 18Jun…
Eldorado streamlines La Colorada — Production levels rise as operating costs kept to minimum
With annual production steadily increasing and a cost-cutting program in the works, the La Colorada gold mining operation in Mexico’s Sonora state is being optimized in order to help Eldorado Gold (EL…
BASE METALS — NovaWest buys into Grand Nord property
Vancouver-based NovaWest Resources (NVE-V) will acquire a half-interest in the Grand Nord polymetallic prospect in northern Quebec. The remainder will be held by project operator Falconbridge (FL-T).I…
Phelps Dodge picks up Brazilian unit
Taking advantage of the fast growing market in carbon black, Phelps Dodge (PD-N) will acquire a Brazilian carbon black manufacturing business from Luxembourg-based major Minorco (MNRC-Q).The Arizona-b…
St Andrew uncovers more gold at Stock mine
Junior St Andrew Goldfields (SAS-T) has discovered three gold prospects near its past-producing Stock gold mine near Matheson, Ont.Each prospect was found while drilling induced-polarization (IP) anom…
BASE METALS — Feasibility gives thumbs-up to Varvarinskoye gold-copper project
With a positive feasibility study now in hand, Kazakhstan Minerals (KMC.U-T) plans to seek financing for its 86%-owned, past-producing Varvarinskoye gold-copper deposit.The study outlined a minable re…
GUEST COLUMN — Facing the future of mining
The author is Canada’s Minister of Natural Resources. He has written this article at the request of Mining Works for Canada, a grassroots campaign designed to increase awareness of the importance of m…
BASE METALS — TVI aims to finance Canatuan project in the Philippines
Low prices for gold and base metals have resulted in a moderate first-quarter loss for TVI Pacific (TVI-T), hampering the company’s efforts to advance the Canatuan project on the southern Philippine i…