Cameco eyes Uranerz units
Uranium miner Cameco (CCO-T) has entered into an agreement-in-principle to acquire the two North American-based subsidiaries of German-based Uranerzbergbau.The deal will see Uranerzbergbau, which is j…
1998
DIAMOND PAGE — Namco ups ocean diamond output
The return of an ocean-going production vessel to the Luderitz Bay diamond concession, off the coast of Namibia, has increased recovery rates for Namibian Minerals (NMR-T).The MV Kovambo returned to t…
Meetings (April 27, 1998)
Apr. 27, Abitibi-Consolidated DesjardinsApr. 27, CadreApr. 27, Cassidy GoldApr. 27, CopperstoneApr. 28, BreakwaterApr. 28, Bright StarApr. 28, Golden ChiefApr. 28, Gulf IndonesiaApr. 28, Int’l Skyline…
OBITUARY — Murray Pezim dead
Legendary stock promoter Murray Pezim died April 22 of an apparent heart attack. He was 77 years of age.Pezim was best known for his role in the discovery of the Hemlo gold camp in Ontario and the Esk…
Falconbridge predicts growth in base metals
Though depressed metal prices curtailed first-quarter earnings for Falconbridge (FL-T), company president Oyvind Hushovd told shareholders at their recent annual meeting that brighter times are ahead….
GEOLOGY 101
Banded iron formation-hosted gold deposits, Part IBanded iron formation-hosted gold deposits consist of gold intergrown with quartz and/or sulphide minerals in deformed and structurally complicated ir…
1998 Mining for Miracles campaign launched
The 11th annual Mining for Miracles campaign is under way in British Columbia.Over the past 10 years, the campaign has raised and contributed almost $3.5 million to B. C.’s Children’s Hospital Foundat…
CORRECTION (April 27, 1998)
In our April 13 report on Cameco’s (CCO-T) Cigar Lake project, we stated that the Midwest project “has yet to be granted government approval.” In fact, the Midwest project received approval from the g…
NEW LISTINGS — Vancouver Island attracts Snowfield
With its recent listing on the Vancouver Stock Exchange, Snowfield Resources (SNO-V) intends to drum up financial support to further explore its Snow property on Vancouver Island, B.C.The gold-silver …
CIM prepares to take a licking
Canada Post will issue a stamp to honor the 100th anniversary of the founding of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM).The stamp was designed by Monique Dufour and Sophie La…
SPOT PRICES GOLD FUNDS
Wednesday, April 22, 1998Price (US)Week’s ChangeGold*$311.20+ $2.85Silver*$ 6.31…
Nevada Pacific strikes deals on gold projects
Privately owned Nevada Pacific Gold has struck a tentative deal with royalty sisters Euro-Nevada Mining (EN-T) and Franco-Nevada Mining (FN-T) to explore the companies’ South Carlin property, in Nevad…