METAL PRICES — Daily Metal Prices (November 10, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateNov. 4Nov. 3Oct. 31Oct. 30Oct…
News
Minera buys into Pegasus ground
Spokane, Wash.-based junior Minera Andes (MAI-A) has signed a joint-venture agreement with Pegasus Gold (PGU-T) to earn an 80% interest in the Arroyo Verde gold-silver discovery in south-central Argen…
Barrick explores Dee at depth
Barrick Gold (ABX-T) has signed an agreement allowing it to explore the deeper potential of Rayrock Yellowknife Resources’ (RAY-T) Dee gold property in Nevada.Barrick will spend at least US$2 million …
Eden Roc uncovers new zone at Afema
Drilling by Eden Roc Minerals (EDN-T) has intersected a new zone of mineralization at the Afema gold mining project in Ivory Coast.Starting at a vertical depth of 430 metres, hole 63 intersected 9.6 m…
Chilly temperatures refuse to let up at Refugio mine
Severe winter weather in Chile continued to hamper the performance of the Refugio gold mine into the third quarter.Ownership of the open-pit, heap-leach mine is split equally between Amax Gold (au-n) …
DIAMOND PAGE — Exploration adds to potential of diamond project
The Ekati diamond mine in Canada’s Northwest Territories is on schedule to begin production in the fall of 1998. In the meantime, partners Dia Met Minerals (DMM-T) and BHP Diamonds plan to bulk-sample…
DIAMOND PAGE — Trivalence sells huge diamond
The fourth sale this year of diamonds from the Aredor concession in Guinea, West Africa, by Trivalence Mining (TMI-V) included one stone that topped 70 carats in size.In total, 4,214.1 carats were sol…
PRODUCER AND DEALER PRICES (November 10, 1997)
Aluminium: LME settlements US$1,585, alloy US$1,475 per tonne (Nov. 4/97).Antimony: Composite free market, US$1,820 per tonne (Nov. 4/97).Bismuth: Composite free market US$3.40 per lb. (Nov. 4/97).Cad…
Phoenix picks up Borealis
Golden Phoenix Minerals (GPXM-O) has acquired the Borealis mine project in eastern Nevada.The company paid 225,000 shares to the owner, J.D. Welsh & Associates, in lieu of the previously agreed upon f…
Inmet Mining sells Troilus gold mine — Homestake, Prime pick up property for US$110 million
In what appears to be another move to dispose of poorly performing assets, Inmet Mining (IMN-T) has sold its Troilus gold mine in north-central Quebec.The buyers are the Homestake Canada unit of Homes…
KWG confirms deposit in Haiti
Drilling by KWG Resources (KWG-T) at the Grand Bois gold deposit in northern Haiti has produced results similar to those obtained through work performed by the United Nations Development Program from …
Aurizon Mines eyes Casa Berardi gold project in Quebec
Vancouver-based Aurizon Mines (ARZ-T) has signed a letter-of-intent with TVX Gold (TVX-T) and Golden Knight Resources (GKR-T) to acquire the suspended Casa Berardi underground gold mine in northwester…