Ontario, BC prospectors get funding
The Ontario government is looking to boost mineral exploration in the province by putting $2 million into the Ontario Prospectors Assistance Program (OPAP).”We support the mineral exploration industry…
News
Columbia Ventures smelter deal could mean more jobs for BC interior
A deal between Vancouver, Wash.-based Columbia Ventures and the government of British Columbia has paved the way for construction of a primary aluminum production plant in the province.Construction of…
Kinross Gold makes foray into Australia
In a deal worth US$5 million, Kinross Gold (K-T) has picked up two groups of properties in the prolific Eastern Goldfields region of Western Australia.The first, dubbed Mt. Henry, covers 545 sq. km ne…
Phelps Dodge scales back production at Chino
Due to poorer-than-anticipated recovery in the leaching circuit, Phelps Dodge (PDn-N) plans to curtail production at the Chino copper operation in New Mexico.The move will lower annual production at C…
MOST ACTIVE ISSUES, April 29-May 5
ExchgVol(000’s)Close.ZSBoliden I/RT109832.25Kinross GldT…
MINING MARKETS AND INVESTMENT NEWS – Investment Commentary — Canaccord watches diamond development in Russia
A Russian diamond project involving Archangel Diamond (AAD-V) is being closely watched by Canaccord Capital’s resident diamond expert, David James.James rates the company a “speculative buy” and is pa…
MINING MARKETS AND INVESTMENT NEWS – Query — Rea Gold buckled under poor planning
Could you please advise me, and other shareholders, of the present status of Rea Gold?.BJames BethuneRea Gold and its subsidiary, Bissett Gold Mining, filed for bankruptcy in December 1997 after faili…
GOLD FUNDS (May 11, 1998)
Gold Funds as of April 30, 1998BGRCentralNet Value$16.23$6.44Price$13.00$…
ODDS ‘N’ SODS — Night shift in Alaska
Long ago, I was a young member of a party of gold hunters in south-central Alaska’s Talkeetna Mountains, and the rush was on to come up with tangible evidence of high-grade gold before winter set in.W…
U.S. markets — Stocks mixed as Dow rebounds
The Dow Jones Industrial average erased its losses from last week to end the report period of April 29-May 5 up 248.61 points (or 2.8%). The average tested the 9,200-mark earlier in the week, only to …
METAL PRICES – Daily Metal Prices (May 11, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMay 5May 4May 1Apr. 30Apr. 29…
MINING MARKETS AND INVESTMENT NEWS — Western markets — Bad exploration news hits Winspear share price
The Vancouver Stock Exchange mining index reflected a lacklustre performance in precious and base metal prices, slipping 1.37 points, or 0.3%, to close at 488.64 over the April 29-May 5 report period….