JM Asbestos, owner and operator of the Jeffrey asbestos mine in Quebec’s Eastern Townships, is winding down its open-pit operations and gearing up for underground production, to begin in the year 2000…
Aluminium: LME settlements US$1,520.50 per tonne, alloy $1,425 per tonne (April 15/97).Antimony: Composite free market, US$2,400 per tonne (April 15/97).Bismuth: Composite free market US$3.11 per lb. …
Partners Winspear Resources (WSP-V) and Aber Resources (ABZ-T) have intersected 107 metres of a complex kimberlite breccia in the Snap Lake area of the Camsell Lake diamond project in the Northwest Te…
1997Apr.15Apr.14Apr.11Apr.10Apr.9HighLowComposite…
ExchgValue($000s)HighLowCloseChangeInco LtdT11885…
Your recent editorial, “The Bitter Taste of Humble Pie” (T.N.M., April 14/97), was far more contrite than present circumstances warrant. A bad situation has been made far worse, not by the more constr…
Junior mining stocks were battered over the report period ended April 15.The Vancouver Stock Exchange composite index closed down 55.59 points, or 5.06%, to 1,043.44, whereas the resource index fell 1…
Despite a slight downturn in copper prices, Phelps Dodge (PD-N) earned a profit in the first quarter.Income amounted to US$137.5 million (or $2.12 per share) on revenue of just over US$1 billion, comp…
The Stock mill near Matheson, Ont., has begun operating again after a suspension of nearly three years.The mill, which is owned and operated by St Andrew Goldfields (SAS-T), recently began milling ore…
Low levels of minable oxide reserves and the current gold price have induced Cathedral Gold (CAT-T) to suspend mining at its 90%-owned Sterling gold mine near Beatty, Nev.The remaining 10% interest is…
Vengold (VEN-T) has increased its interest in the Lihir gold project in Papua New Guinea to 7.1% from 5.7%.Under an arrangement with National Provident Fund, one of Papua New Guinea’s leading financia…
The Toronto Stock Exchange 300 composite index took a nose-dive during the report period ended April 16, dropping 77.46 points (or 1.3%) to 5,743.55.However, a jump of 64.22 points in trading on April…
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