Nevsun drilling still outlining reserves
Nevsun Resources (NSU-T) has released the final assay results from 42 holes drilled on its 90%-owned Tabakoto gold project in Mali.The holes are part of the company’s 1997 in-fill drilling program, de…
1998
DIAMOND PAGE — Nora seeks property in Namibia
Montreal-based Nora Exploration (NXI-M) has signed a deal under which it can acquire a full interest in a company with extensive diamond exploration concessions in Namibia.Otjua Minerals, a subsidiary…
METALS PRICES — Daily Metal Prices
BASE METALS (London Metal Exchange — Midday bid/ask prices in US$ per tonne)DateFeb. 17Feb. 16Feb. 13Feb. 12…
Meeting to introduce new safety group
The mining sector of the Ontario Natural Resources Safety Association (ONRSA) will use the occasion of its annual conference to showcase its transformation into the Mines and Aggregates Safety and Hea…
Diavik inks deal with natives
Diavik Diamond Mines has signed a co-operation accord with the four chiefs of the Dogrib Nation in Yellowknife, N.W.T.Diavik is proposing to develop a diamond mine with its partner, Aber Resources, at…
Wespac steps up drilling at Fauro
Montreal-based Western Pacific Mining Exploration (WPC-M) has launched a new program of exploration at its Fauro Island gold project in the Solomon Islands, east of New Guinea.* Ballyrorio prospect –…
Metal prices force Teck to take writedowns
Given the substantial decline in metal prices of late, Teck (TEK-T) has decided to take fourth-quarter, year-end writedowns totalling $175 million.The largest single component of the writedown is $52 …
COMMENTARY — Holding gold
Although the European Central Bank (ECB) will not come into formal existence until Jan. 1, 1999, its governing council will need to make a large number of decisions prior to this time, and one of thes…
STOCK MARKETS — Western stocks drop slightly despite modest rise in VSE — Kalahari, Abacus, Kensington among juniors to have made modest gains
The Vancouver Stock Exchange composite index was up just 1.3 points, or 0.2%, over the report period ended Feb. 17, to close at 632.31. The mining index slipped 4.79 points, or 0.9%, to finish at 519….
Aurado picks up Mexican ground
Aurado Exploration (AEO-T) has signed a deal with a subsidiary of Cominco (CLT-T) to acquire interests in two properties near the San Nicolas massive sulphide discovery in Zacatecas state, Mexico.In o…
MOST ACTIVE ISSUES, Feb. 11-17
ExchgVol(000’s)ClosePatricia MnsV158170.19Aurado ExplT…
GREATEST VALUE TRADED, Feb. 11-17
ExchgVol(000’s)HighLowCloseChangeBarrick GoldT157…