Placer Dome boosts production
Increased production rates and revenues, coupled with lower cash production costs could not offset an enormous writedown at Placer Dome (PDG-T).During 1997, the company recorded a consolidated loss of…
News
Major General earns back into Victoria Island
Vancouver-based juniors Major General Resources (MGJ-V) and Ascot Resources (AOT-V) have signed a letter of agreement whereby the former can earn back a 50% interest in the Victoria Island diamond pro…
SPOT PRICES (March 02, 1998)
Wednesday, February 25, 1998Price (US)Week’s ChangeGold*$292.30- $5.50Silver*$ 6.3…
Trivalence increases ownership in Aredor concession
DIAMOND PAGE — Trivalence Mining (TMI-V) has increased its stake in the Aredor diamond concession in the West African country of Guinea after reaching an out-of-court settlement.The Vancouver-based j…
LME WAREHOUSE LEVELS (March 02, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb.23/98 (change from Feb. 17 in brackets):MetalStock(tonnes)Change…
FACTS ‘N’ FiGURES — Quebec mineral shipments rise
Preliminary data show that the value of mineral shipments from Quebec mines rose slightly in 1997, to roughly $3.5 billion.Exploration and development expenses were also up by 4.4% last year, to $155 …
PRODUCER AND DEALER PRICES (March 02, 1998)
Aluminium: LME settlements US$1,416, alloy US$1,253 per tonne (Feb. 24/98).Antimony: Representative mid-market US$1,655 per tonne (Feb. 10/98).Bismuth: Representative mid-market US$3.65 per lb. (Feb. …
TORONTO STOCK EXCHANGE INDICES (March 02, 1998)
1998Feb. 24Feb.23Feb. 20Feb. 19Feb. 18HighLowComp…
Lower uranium prices temper a strong year at Cameco
Its earnings fell in tandem with the price of uranium, but Cameco (CCO-T) still achieved considerable financial success in 1997.Annual earnings from operations increased by 4% to a company record of $…
CORRECTION (March 02, 1998)
Contrary to an article in our Feb. 16-22 issue concerning Newmont Mining (NEM-N), the company has not planned any more large-diameter drilling or bulk sampling at the True North gold project. The comp…
Index (March 02, 1998)
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Companies (March 02, 1998)
Ascot ResourcesAur ResourcesBattle Mountain GoldCamecoCrystallex InternationalDakota MiningEcho Bay MinesEllesmere MineralsGetchell GoldGitennes ResourcesGoldcorpHigh River Gold MinesHomestake MiningI…