NEW HORIZONS — America’s ex-smokers
Deep in the dark privacy of the ocean floor, a group of smokers puff away proudly; what they exhale is a far cry from second-hand smoke.”Black smokers,” or massive chimney-like structures that vent ho…
News
PRODUCER AND DEALER PRICES (March 30, 1998)
Aluminium: LME settlements US$1,432, alloy US$1,275 per tonne (Mar. 24/98).Antimony: Representative mid-market US$1,600 per tonne (Mar. 24/98).Bismuth: Representative mid-market US$4.05 per lb. (Mar. …
Noble Peak set to search for South African gems
Junior Noble Peak Resources (NPK-A) is preparing to start a program of infill drilling and bulk sampling in early April on a set of South African properties optioned from Mountain Lake Resources (MOA-…
STOCK MARKETS — Rising precious metal prices pull up major gold stocks — Crystallex shares dive on Venezuelan congressman’s remarks
The Toronto Stock Exchange 300 composite index ended the report period of Mar. 18-24 at a record high of 7,551.23, up 110.86 points, or 1.5%, over its March 17 showing.The Canadian dollar fell 13 basi…
Newmont hurt by gold price
Proven and probable reserves for Newmont Gold (NGC-N) at the end of 1997 stood at 52.7 million oz. gold, down 5% from the previous year.The apparent decline is a function of the gold price used to cal…
Minorca buys Canarc shares
Minorca Resources (mar-t) has purchased a $1-million private placement in Canarc Resource (CCM-T), consisting of just over 1.3 million shares at 75cents each.Minorca has also acquired 800,000 addition…
Noranda options Caber
The exploration arm of Noranda (NOR-T) has signed a deal with Southern Africa Minerals (SAF-T) to earn a 55% interest in the Caber base metal property, situated near Matagami, Que.For its interest, No…
Quebec seeks tougher mining regs
Prompted by the Bre-X Minerals debacle, the Commission des valeurs mobiliers du Quebec (CVMQ) has introduced new regulations designed to boost the credibility of mining companies in the Quebec securit…
Index (March 23, 1998)
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NEWS IN BRIEF (March 23, 1998)
Jersey Goldfields (JRG-V) has changed its name to Jersey Petroleum (JPI-V)
Wheaton River advances Bellavista
Wheaton River Minerals (WRM-T) has received encouraging results from column-leach tests on two composite samples taken from its Bellavista gold deposit in Costa Rica.The Toronto-based company, which o…
Falco shutting Kidd copper smelter for two weeks
Falconbridge (FL-T) will close its Kidd Creek smelter for two weeks at the end of March as a result of lower copper production and prices.Production at the Kidd Creek operation, which consists of thre…