Teck triumphs over low prices
Despite substantially lower metal prices, Teck (TEK-T) managed to squeeze out a slim profit during the second quarter.The Vancouver-based major earned $3 million (or 3cents per share) on $177 million …
News
MINING MARKETS AND INVESTMENT NEWS — Nelson Gold repays loan
Proceeds from a recent rights offering by Nelson Gold (NLG-T) are being used to repay a loan.The purchase of four rights entitled holders to buy one share at 27cents.The offering resulted in the issua…
Donner, partners perform early-stage exploration at Voisey’s Bay
Donner Minerals (DML-V) and its joint-venture partners have obtained results best described as teasers from their $9.2-million first-phase exploration program at South Voisey’s Bay, Labrador.So far, a…
Rupert advances South African project — Delineation drilling seen as prelude to bulk sampling
Under the supervision of MPH Consulting, Rupert Resources (RUP-V) has launched a drill program on the past-producing Crown kimberlite pipe in South Africa.Eight holes have been drilled to date, with t…
CORRECTIONS (July 27, 1998)
Fortune Minerals trades on the Toronto Stock Exchange under the symbol FT.The high grade gold zone at the Nico project grades an average of 0.09% bismuth (plus values in cobalt, copper and gold). Inco…
Normabec eyes Comtois
Montreal-based Normabec Mining Resources (NMB-M) has struck a deal with the Canadian subsidiary of Phelps Dodge (PD-N) to option the major’s Comtois gold property, 15 km northwest of Lebel-sur-Quvill…
Americana options property
Venezuela-based Americana Gold & Diamond Holdings (AGDM-Q) has signed a letter-of-intent to earn a controlling stake in the Santa Rosa gold project in northern Brazil.The junior can earn an 80% intere…
GUEST COLUMN — Yellowknife indebted to mining
Throughout Canada’s history, hundreds of communities have grown and prospered because of mining developments. While we all applaud these mines for the jobs they create, we often overlook the other imp…
Low copper prices hurt Phelps Dodge
American copper producer Phelps Dodge (pd-n) reported earnings of US$40.4 million (or 69cents per share) for the second quarter, compared with US$134.8 million (US$2.16 per share) in the corresponding…
Companies (July 27, 1998)
America Mineral FieldsAmericana Gold & DiamondArizona Star ResourcesBarrick GoldBattle Mountian GoldBirim GoldfieldsBolidenBreakwater ResourcesBroken Hill ProprietyBuchans RiverCamecoCartaway Resource…
BOOK REVIEW — Study explores mining boom-and-bust cycles — Worldwide Mineral Exploration: Preparing for the Next Boom
Financial Times EnergyLondon W1P 9LL, U.K.The complex boom-and-bust cycles that characterize the international mineral exploration industry are elucidated admirably in a concise (146- page) and highly…
Meetings (July 27, 1998)
July 27 FreeportJuly 27 LeaderJuly 28 CochiseJuly 28 GoldmincoJuly 28 Int’l LoumicJuly 28 MinestarJuly 28 Windy MountainJuly 29 BMR GoldJuly 29 Cons. Sarabat GoldJuly 29 FairstarJuly 29 GabrielJuly 29…