LATIN AMERICA — Ourominas adds McLucas to board
Scottish mining financier William (“Willie”) McLucas has been appointed chairman of Toronto-based Ourominas Minerals (OMI0-T), in an attempt to raise exploration financing.McLucas is currently chairma…
News
SPOT PRICES (April 06, 1998)
Wednesday, April 1, 1998Price (US)Week’s ChangeGold*$301.60+ $3.10Silver*$ 6.47…
STOCK MARKETS – Western markets post gains — Northern Abitibi, Donner trading heats up as drilling nears
The Vancouver Stock Exchange composite index gained 14.83 points, or 2.4%, to close at 626.95 over the report period ended March 31. The mining index also closed on a positive note, adding 5.98 points…
LATIN AMERICA — High American Gold narrows focus in Argentina
After spending the last half-year separating the wheat from the chaff among its Argentine property holdings, High American Gold (HIAM-C) is focusing its attention on two promising gold-silver prospect…
LATIN AMERICA — Countdown begins at Collahuasi
When full production begins in October, the Collahuasi open-pit project in northern Chile will become the world’s fourth largest producer of copper, yielding 350,000 tonnes of copper concentrate and 5…
Minera Andes hits high grade in Patagonia
The latest round of drilling has returned high-grade gold and silver values at the El Pluma-Cerro Saavedra project in southern Argentina for Minera Andes (MAI-A).Four of 17 widely scattered holes show…
LATIN AMERICA — Solitario trades Argentine portfolio for stake in TNR
Solitario Resources (SLR-T) has signed a letter of intent with TNR Resources (TNR-V) to transfer ownership of mineral properties in Argentina in return for shares.Having made a non-refundable binding …
LATIN AMERICA — Ulysses hunts for gold at Halley
Improving political circumstances have a way of turning interesting showings into promising exploration projects. As tensions in Peru relax, good geology can once again get itself noticed.Ulysses Inte…
OBITUARY — Andrew Troop
Andrew Troop, the former manager of Icon Syndicate, has died. He was 72.A native of Manitou, Man., Troop obtained his bachelor’s and master’s degrees, both in science, from the University of Manitoba….
First Quantum hits its stride at Zambian copper project
A US$30-million tailings retreatment operation in Zambia is now producing copper at full capacity, First Quantum Minerals (FM-V) reports.Situated at the site of the past-producing Bwana Mkubwa mine in…
LATIN AMERICA — Minera Andes firms up 1998 exploration plans
Spokane, Wash.-based Minera Andes (MAI-A) has rationalized its approach to the exploration of its many Argentine properties.The company has dropped several grassroots properties, including Arroyo Nuev…
FACTS ‘N’ FIGURES — China rethinks gold stance
The People’s Bank of China (PBC), which has full control over China’s gold policy and regulations, recently announced that the official purchasing price paid by the PBC to mine producers would be redu…