Hecla Mining to assume ownership of La Camorra
Hecla Mining (HL-N) has signed a purchase agreement to acquire all the assets of Monarch Resources (MRE-T) for US$25 million.The deal would see Hecla assume ownership of Monarch’s La Camorra gold mine…
1999
Francisco tests El Sauzal extensions
Diamond drilling at Francisco Gold’s (FGX-V) El Sauzal project in Mexico’s Chihuahua state has been focusing on expanding the 3.6-million-oz. contained resource by stepping out on possible extensions …
EDITORIAL & OPINION — ODDS ‘N’ SODS — Reverie of a wanderer
The following is the fifth in a series of articles in which the author, an exploration geologist based in Delta, B.C., recounts his experiences working in the jungles of Venezuela in the late 1980s an…
Index (May 24, 1999)
Book ReviewCareersClassifiedCommentaryDividendsDrillersEditorialLetter to the EditorMarket PlaceMetal PricesNews RoundupOdds’n’SodsProfessional DirectoyStock MarketSubscription Services…
LETTER TO THE EDITOR — U.S. activism being exported to Canada
The obstruction of the Crown Jewel project in Washington state, sadly, marks a culmination of the American environmental movement gone berserk, a movement that enjoys the support of the current presid…
TSE INDICES (May 24, 1999)
1999May 18May 17May 14May 13May 12HighLowComposit…
PRODUCER & DEALER PRICES (May 24, 1999)
Aluminium: Comex Sept. delivery US$0.6595 per lb. (May 18/99).Antimony: Representative mid-market US$1,235 per tonne (May 18/99).Bismuth: Representative mid-market US$3.60 per lb. (May 18/99).Cadmium:…
GREATEST VALUE TRADED. May 12-18, 1999
ExchgVal($000s)HighLowCloseChangePlacer DomeT2251…
Monopros finds kimberlite
Winter exploration at the Victoria Island diamond project in far northern Nunavut has resulted in a significant kimberlite discovery, dubbed the Horned Lark.Monopros, the Canadian exploration arm of D…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Composite rises as mining index stays steady
The Vancouver Stock Exchange composite index jumped 15.81 points, or 3.5%, to close the week ended May 18 at 467.05. The mining index remained steady, gaining only half a point, or 0.18%, to finish at…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Sagging gold prices fall below US$273 per oz.
Gold prices just kept dropping during the May 12-18 report period, plunging another $5.15 to reach a 20-year low of US$272.85 per oz. on the London morning fix of May 19.For a second consecutive week,…
NEWS ROUNDUP — Moss drilling Duval-Boudreault
A second phase of exploration is about to begin at the Duval-Boudreault copper-gold-silver property near Val d’Or, Que.Moss Resources (MRS-T) recently completed 20 holes totalling 1,505 metres to test…