PRODUCER PRICES (May 18, 1998)
Aluminium: LME settlements US$1,1362.50, alloy US$1,266 per tonne (May 12/98).Antimony: Representative mid-market US$1,500 per tonne (May 12/98).Bismuth: Representative mid-market US$3.90 per lb. (May…
News
Inmet sells Antamina stake to Noranda, Teck in $70m deal
Majors Rio Algom (ROM-T), Noranda (NOR-T) and Teck (TEK-T) are teaming up to develop the Antamina copper-zinc project in Peru.Noranda and Teck have each agreed to buy half of Inmet Mining’s (IMN-T) 50…
Nuinsco drills Lac Rocher nickel-copper prospect
Nuinsco Resources (NWI-T) has completed an initial 10-hole diamond drilling program at its Lac Rocher nickel-copper property, situated about 120 km north of Matagami, Que.The program was designed to t…
Anglo options Barrick’s African properties
In a move its chairman described as “pulling in our horns,” Barrick Gold (ABX-T) has dealt options on its West and Central African gold projects to South African-based mining house Anglo American.The …
MOST ACTIVE ISSUES, May 6-12
ExchgVol(000′)CloseInmet MiningT86394.05Kinross GldT…
Russian gold production up
Preliminary figures indicate Russian mining companies produced 8.8 million tonnes of gold in the first quarter of 1998, 1.1 tonnes more than in the corresponding period of 1997.The Russian economics m…
Quaterra acquiring Sonora ground from Kennecott
With an eye toward acquiring exploration properties in northwestern Mexico, Quaterra Resources (GTA-V) has closed a brokered private placement of 3 million units priced at 19cents each. The transactio…
Companies (May 18, 1998)
Abacus MineralsAber ResourcesAdrian ResourcesAlberta EnergyAnglo AmericanAnglogoldAshanti GoldfieldsAshton Mining of CanadaAur ResourcesAurado ExplorationAurizon MinesBarrick GoldBattle Mountain Canad…
TSE SHORTS POSITIONS (May 18, 1998)
Short positions outstanding at April 30, 1998Larger individual positions included: Abacan Resource 146,100; Abitibi Consolidated 853,022; Agnico-Eagle Mines 370,955, up 240,255; Anderson Exploration 7…
Eldorado sells Energold stake
Eldorado Gold (ELD-T) has sold its 37.5% interest in Energold Mining (EDG-V).Yorkton Securities, First Marathon Securities, Goepel McDermid Securities and Haywood Securities together purchased Eldorad…
Golder contributes to program
Golder Associates, a mining consulting firm, has donated $15,000 to a campaign developed to increase public awareness and support of mining in Canada.The campaign, called The Great Canadian Mine Show,…
MINING MARKETS AND INVESTMENT NEWS — Mutapa scores listing to finance work
Denver-based Maya Gold (MAY-A) has taken up residence on the Alberta Stock Exchange.The company holds four concessions in Honduras — Guajiniquil, El Triunfo, Langue and San Miguel — covering a total…