GOLD AND PRECIOUS METAlS — MSV finances program
Montreal-based MSV Resources (MSY-T) has raised $40 million to develop the Copper Rand 5000 project in the Chibougamau camp of northern Quebec.The financing consists of a $30-million loan from a major…
News
U.S. markets — Dow dips as gold languishes
The Dow Jones Industrial average lost 107.12 points (or 1.2%) during the report period of May 13-19. The average spent the last half of the week in decline before posting a minor gain to close at 9,05…
PRODUCER AND DEALER PRICES (May 25, 1998)
Aluminium: LME settlements US$1,339, alloy US$1,227 per tonne (May 19/98).Antimony: Representative mid-market US$1,500 per tonne (May 19/98).Bismuth: Representative mid-market US$3.90 per lb. (May 19/…
Redhawk prepares for drilling
A drilling program is scheduled to begin in early June at Redhawk Resources’ (RDK-V) Remac zinc project in southern British Columbia.The project, which lies 12.4 miles southeast of Trail, covers 9 sq….
GOLD AND PRECIOUS METALS — Conquistador hunts for Colombian PGMs
Junior Conquistador Mines (CQL-V) is spinning off a subsidiary to acquire and explore for platinum group metals (PGMs) in Colombia.To date, the only Conquistador property in Colombia to have yielded p…
Rio Narcea opens El Valle mine
Centuries after gold was first found in the mist-shrouded hills of northern Spain, Emperor Augustus sent in seven legions comprising thousands of men to subdue local tribes and secure mines that event…
Stillwater surges ahead after completing expansion
Nye, Mont. — Stillwater Mining is hitting full stride at North America’s only primary platinum-palladium producer, the company’s namesake mine.And with the size of its hedge position diminishing, the…
GOLD AND PRECIOUS METAlS — Mindoro to proceed to next phase at Agata
MRL Gold, the Philippine subsidiary of Mindoro Resources (MIO-A), has opted to continue exploring the Agata gold project after receiving encouraging results from preliminary work programs.Agata covers…
Copper price drags down Novicourt
Lower copper prices took a bite out of the first-quarter revenues of Novicourt (NOV-T), sending the base metal miner into the red.For the first three months of 1998, Novicourt, 61% owned by Noranda (N…
GOLD AND PRECIOUS METALS — Wheaton River posts loss for 1997
Wheaton River Minerals (WRM-T) has reported a net loss of $1.6 million (or 4cents per share) for the year ended Dec. 31, 1997, compared with a net loss of $4.2 million (13cents per share) in 1996.The …
Moss expands presence in Timmins
Junior Moss Resources (MRS-T) has acquired the Southern Cross base metal property, 30 km south of Timmins, Ont.While some of the 3,092-ha property was bought outright, 84% is held under an option agre…
GOLD AND PRECIOUS METAlS — Western Quebec Mines set to explore Wesdome property — Two-year program to include drifting and drilling beneath Lac de Montigny
After spending the last year consolidating its holdings in the Val d’Or camp and raising a total of $16.5 million, Western Quebec Mines (WGM-T) is about to embark on a 2-year exploration campaign at i…