PRODUCER & DEALER PRICES (April 13, 1998)
Aluminium: LME settlements US$1,398, alloy US$1,287 per tonne (Apr. 7/98).Antimony: Representative mid-market US$1,600 per tonne (Apr. 7/98).Bismuth: Representative mid-market US$4.05 per lb. (Apr. 7/…
News
Nova Scotia base metals entice Regal Goldfields
The Cheticamp Highlands of Nova Scotia’s Cape Breton Island will be the focus of a forthcoming base metal exploration program by Regal Goldfields (REGL-C).The company plans to drill, in May, two of ei…
METAL PRICES (April 13, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateApr. 7Apr. 6Apr. 3Apr. 2Apr. 1…
Yamana boosts gold resource at property in Papua New Guinea
A new geological model has enabled Yamana Resources (YRI-T) to increase the gold resource at the Gameta prospect on Fergusson Island in Papua New Guinea (PNG).Yamana Executive Vice-President Dick Walt…
Cumberland picks up pace at Meadowbank
Cumberland Resources (CBD-T) is sending another diamond drill rig to its Meadowbank gold project, 70 km north of Baker Lake, N.W.T.The rig, which has the capacity to drill deeper than the two already …
Imperial, Sumitomo consider closing Mt. Polley
Low metal prices are forcing Imperial Metals (IMP-T) and Japanese partner Sumitomo to consider temporarily suspending operations at the Mt. Polley copper-gold mine at the end of July.Built for $115 mi…
STOCK MARKET — TSE continues to break records, while gold has its day — Juniors feed off higher prices for the yellow metal
The Toronto Stock Exchange 300 index broke another record, ending the report period of April 1-7 at 7579.70, for a gain of 28.56 points, or 0.4%, over the previous period.The market was stimulated par…
GSN plans Nevada symposium
The Geological Society of Nevada (GSN) will host a symposium in Reno-Sparks, Nev., on May 15-18, 2000.Topics scheduled for discussion include: the geology of Nevada in the context of the Great Basin a…
Prefeasibility set for Separation Rapids
Encouraged by market projections and recent drill results, Avalon Ventures (AVL-V) plans to obtain a prefeasibility study on its Separation Rapids property, 60 km north of Kenora, Ont.A program of inf…
EDITORIAL — Consider independent legal opinions — Legal minefields
Stock exchanges and securities regulators ask exploration companies to submit independent geological reports at certain junctures, which begs the question: should an independent legal opinion be requi…
TSE INDICES (April 13, 1998)
1998Apr. 7Apr. 6Apr. 3Apr. 2Apr. 1HighLowComposit…
Writedowns lead to loss for Golden Star
Writedowns of the carrying value of many of its properties have forced Golden Star Resources (GSC-T) to post a fourth-quarter loss.In all, Golden Star took charges totalling US$22.4 million against it…