Companies (October 05, 1998)
Aber ResourcesAfrican GemstonesAlberta EnergyAllican ResourcesAmerican CopperAmeridex MineralsApex Silver MinesArchangel DiamondAriel ResourcesAsarcoAshton Mining of CanadaAsia SapphiresAt…
1998
MINING MARKETS & INVESTMENT NEWS — Golds flex muscle in jittery markets
Attention during the report period Sept. 23-29 was focused on Washington, D.C., where the U.S. Federal Reserve Board dropped the influential federal-funds rate to 5.25% from 5.5%. The move was designe…
METAL PRICES (October 05, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateSept. 29Sept. 28Sept. 25Sept…
Pelangio takes over Detour Lake properties
As mining winds down at Detour Lake, 200 km north of Timmins, Ont., Pelangio-Larder Mines (PLLM-C) has moved to assemble the dominant land position in the area by buying up the Placer Dome (PDG-T) pro…
Atlas bears financial burden
Atlas (ATSP-O) has filed for bankruptcy protection, but will continue producing lead, zinc and silver at its Andacaba mine in southwestern Bolivia.Meanwhile, the company hopes to sell its 61% holding …
NEWS ROUNDUP — Leader, Ariel go separate ways
Juniors Leader Mining (LMN-A) and Ariel Resources (AU-T) have scrapped plans to merge.The companies, which in May signed a letter-of-intent to amalgamate, blame poor markets for their decision to forg…
NEWS ROUNDUP — Camnor, La Teko deal gets nod
Regulators have approved a deal for Camnor Resources (CMB-V) to earn a 51% interest in the 3,000-acre Discovery Gulch property of La Teko Resources (LAO-V) in Alaska.For its interest, Camnor must spen…
NEWS ROUNDUP — Junior expands strike of Copper Pond
Prospecting and mapping by Copper Hill (CUHL-C) have extended by 1.5 km the strike length of a massive sulphide zone on its Copper Pond property in Labrador.The 1998 program of geophysical surveys and…
Hornby Bay sizes up NWT zinc discovery
Hornby Bay Exploration (HBBY-C) is set to begin preliminary exploration on a recently discovered mineralized sulphide zone in the Hornby Basin of the Northwest Territories.The company intends to condu…
Careers (October 05, 1998)
Socit minire Raglan du Qubec Lte “SMRQ”, dont les oprations se situent la limite nord du territoire qubecois, constitue l’un des projets de mtaux de base les plus importants avior t ral…
TSE suspends Cobatec
The Toronto Stock Exchange has suspended trading in Cobatec (CBT-T) for failure to keep up the exchange’s listing requirements.Cobatec, which had been producing cobalt chemicals at a hydrometallurgica…
Atna, YGC wrap up at Wolf
Atna Resources (ATN-T) and YGC Resources (YGC-V) have completed their 1998 drill program on the Wolf property in southeastern Yukon. Thirty holes totalling 6,625 metres were drilled this past season. …