High grades add to Edwards’ potential
High-grade gold is always a boon to a producing mine, as appears to be the case for VenCan Gold (VCG-M), which owns the Edwards gold mine near Wawa, Ont.The underground mine is operated by River Gold …
1998
Denison earnings tumble
Uranium and oil producer Denison Mines (DEN-T) saw its second-quarter earnings dramatically reduced as a result of lower oil output and prices.For the three months ended June 30, Denison earned $2.4 m…
Meetings (August 10, 1998)
Aug. 10, EdenAug. 10, LayfieldAug. 10, Newcoast SilverAug. 10, Upton CopperAug. 11, Canadian ShieldAug. 11, TuscanyAug. 11, ZorinAug. 12, EastonAug. 13, AMI Res.Aug. 13, GoldzoneAug. 13, KenrightAug. …
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS –Mining index pummelled as western markets slide
The Vancouver Stock Exchange composite index continued its slide into bear territory, losing 10.61 points, or 2.2%, to close at 478.36 over the holiday-shortened report period ended Aug. 4. The mining…
Antares starts prefeasibility study at Ojolali
Junior Antares Mining & Exploration (ANZ-T) has begun a prefeasibility study of the Jambi zone at its Ojolali gold property in southern Sumatra, Indonesia.Fifty-eight infill holes will be drilled on 2…
Vengold boosts stake in Lihir gold mine
Vengold (VEN-T) has purchased a further 6.5% stake in the Lihir gold mine in Papua New Guinea. The $133.5-million acquisition raises its interest to 19%, making it the largest of Lihir’s stakeholders….
Breakwater slips into red despite production boost
Low metal prices in the second quarter overshadowed Breakwater Resources’ (BWR-T) impressive gains in zinc, lead and silver production, pushing the company into the red.For the three months ended June…
LME WHSE LEVELS (August 10, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug.3/98 (change from July 27 in brackets):MetalStocks(tonnes)Change…
PRODUCER & DEALER PRICES (August 10, 1998)
Aluminium: LME settlements US$1,292, alloy US$1,155 per tonne (Aug. 4/98).Antimony: Representative mid-market US$1,280 per tonne (Aug. 4/98).Bismuth: Representative mid-market US$3.55 per lb. (Aug. 4/…
Anaconda to produce uranium in Portugal
Toronto-based Anaconda Uranium (ANU-V) will join a subsidiary of a Portuguese state mining company in developing and mining the Nisa uranium deposits in southern Portugal.The Nisa project consists of …
Newfoundland’s mineral shipments increase
The total value of mineral shipments from Newfoundland and Labrador is expected to total $1.02 billion this year, up from the 1997 preliminary total of $1.01 billion.Shipments of industrial minerals s…
METAL PRICES — Daily Metal Prices (August 10, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices in US$ per tonne)DateAug. 4Aug. 3July 31July 30…