Oroperu looks to enhance Nueva Condor
Oroperu Resources (OROP-C) has reported encouraging operating results from its recently acquired Nueva Condor polymetallic mine, near Lima, Peru.The operation entered production in early 1998 and earn…
News
Laramide finances program
Toronto-based Laramide Resources (LAM-T) will finance exploration work on its Bilbao polymetallic property in central Mexico by drawing on funds raised in a private placement.Proceeds of $300,000 will…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow and gold continue slide
The Dow Jones Industrial average lost 72.49 points, or 0.8%, during the May 27-June 2 report period to close at 8,891.24. Gold producers also lost ground as the price of the yellow metal continued to …
Companies (June 08, 1998)
Ag Armeno Mines & MineralsAlberta EnergyAmerican Bullion MineralsAnglo AmericanArchon MineralsAshton Mining of CanadaAsia Pacific ResourcesAvminBlack Hawk MiningBMR GoldBorneo GoldBroken Hill Propriet…
London silver fix procedure altered
For the first time since its establishment in the 1890s, the London silver fix has undergone significant procedural changes.The changes, which took effect June 1, stipulate that all orders are to be c…
MOST ACTIVE ISSUES, May 27-June 2
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Prime shareholders unhappy with Homestake bid
Concerned that Homestake Mining (HM-N) has made a low-ball bid for the 49.4% interest of Prime Resources Group (PRU-T) that it does not already own, several shareholders spoke out against the offer at…
GEOLOGY 101 — Diamond deposits, Pt. 2
Diamonds fall into one of four categories. They are, in order of decreasing value: gem, near-gem, industrial and boart. Individual diamonds are measured in carats (1 carat equals 0.2 gram), whereas th…
Golden Bear awakens from winter sleep
Operator Wheaton River Minerals (WRM-T) has resumed production at the Golden Bear gold mine in northwestern British Columbia.The seasonal operation, which reentered production last August after severa…
FACTS ‘N’ FIGURES — World can’t get enough silver
Silver demand was robust in 1997, exceeding supply from mine production and scrap recycling by 198 million oz. and effecting substantial reductions in bullion stocks, according a report released by Wa…
MINING MARKETS & INVESTMENT NEWS – MERGERS & ACQUISITIONS — Redaurum eyes Centenary’s mining and smelting assets in Africa
By merging with Centenary Investments, diamond producer Redaurum (RRK-T) would acquire assets worth more than US$100 million, according to a valuation report by a Calgary-based consulting firm.Centena…
LETTER TO THE EDITOR — Touting BC’s ‘solid foundation’
The creation of the British Columbia Mining Initiative, announced by the provincial government on April 21, 1998, is a tribute to the commitment of B.C.’s mining executives to the future of the mining…