AMT finds partner for Copper Creek
A partnership with the American unit of an Australian mining company sets the stage for AMT International Mining (AAI-T) to advance its Copper Creek project, northeast of Tuscon, Ariz.AMT and GTN Copp…
1998
McWatters plans to produce at East Amphi
Based on a positive feasibility report by Flour Daniel Wright, McWatters Mining (MCW-T) plans to place into production the East Amphi gold project near Malartic, Que.The first phase of mining at the 1…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Voisey’s Bay juniors on move as VSE posts modest gains
For the report period ended Nov. 10, the Vancouver Stock Exchange composite index inched up 3.45 points to 405.15, while the mining index added 5.48 points to finish at 300.55. The combined value of t…
METAL PRICES (November 16, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateNov. 10Nov. 9Nov. 6Nov. 5…
Echo Bay Mines posts quarterly loss
Echo Bay Mines (ECO-T) suffered a loss in the third quarter even as it tried to distance itself from last year’s massive writedowns which totalled US$300 million.The company recorded a loss of US$6 mi…
Canadian miners lend hand in hurricane clean-up
Mining companies operating in Honduras and Nicaragua escaped Hurricane Mitch with little damage and are now helping victims in those devastated countries cope with the aftermath.In Nicaragua, the stor…
Merks a betting man
The interim report of the TSE-OSC mining standards task force refers to the additive property of variances, but the president of the CIM geological society, Marcel Vallee, objects to applied statistic…
Low prices push Breakwater into red
Base metal companies are not having an easy time staying in the black in these days of low metal prices, and Breakwater Resources (BWR-T) is no exception.The company posted a net loss of $10.9 million…
Juniors find hurdles in property deal
The vendor is trading at 2 cents; the potential purchaser at 6 cents. The tough times for junior companies are not helping two companies conclude an agreement for the sale of a 50% interest in the Len…
Novicourt takes hit
Third-quarter earnings of Novicourt (NOV-T) show little change from a year ago, though its 9-month statement is down $3.1 million from the first nine months of 1997.Quarterly earnings amounted to $1.5…
Companies (November 16, 1998)
AG Armeno Mines & MineralsAgnico-Eagle MinesAlberta EnergyAmblin ResourcesAMT International MiningAnglogoldApex Silver MinesArgent ResourcesAshton Mining of CanadaAsia Pacific ResourcesAuriz…
Philex remains in the red
Plummeting production at its Philippine gold operations continues to plague Philex Gold (PGI-T), with the junior reporting yet another quarterly loss.For the three months ended Sept. 30, Philex lost U…