Rapu Rapu advances to feasibility stage
Australian-based Lafayette Mining is proceeding with a preliminary feasibility study at the Rapu Rapu polymetallic project in the Philippines.The company heads up a group that can earn a 75% interest …
1999
Cameco enters deal with Cogema Resources
For $243 million and a pretax gain of about $63 million, Cameco (CCO-T) has sold interests in three uranium projects in northern Saskatchewan to French government-owned Cogema Resources.Cogema acquire…
Ashanti posts record quarter
West Africa’s largest gold miner, Ashanti Goldfields (ASL-T), achieved record production in the first quarter, while, at the same time, reducing cash costs to below what they were a year ago.The 402,1…
SUPPLIERS NEWS ROUNDUP — US coal miners reap benefits
Miners in North Dakota are the best-paid in the U.S. coal industry, according to a study by a Spokane, Wash.-based engineering firm.Western Mine Engineering found that miners at the state’s four large…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Falling gold wipes out gains
The Dow Jones industrial average climbed 140.04 points, or 1.3%, to 11,026.15 during the report period ended May 11.Heavy trading marked the week as the bottom fell out of the gold price after the Bri…
PEOPLE — Cdn. Golden Dragon
Elliot Strashin appointed director.
SUPPLIERS NEWS ROUNDUP — Toronto firm to supply lime to Chile
South American Copper & Gold (SACG) will partner with a private local firm to build a US$6-million lime kiln processing plant in Chile.The project will launch Toronto-based SAGC into the lime supply b…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Drawn out days
The following is the fourth 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 a…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — UK gold sales scuttle month-long rally
Britain’s central bankers added to gold’s woes during the May 5-11 report period by announcing that they would sell 125 tonnes (4 million oz.) of the country’s 715-tonne gold stockpile during fiscal 1…
GREATEST VALUE TRADED, May 5-11, 1999
ExchgVal($000s)HighLowCloseChangeBarrick GoldT516…
Winspear spins off exploration assets
Shareholders of Winspear Resources (WSP-V) have overwhelmingly approved plans to spin off all of the company’s early-stage exploration assets into a new company called Diamondex Resources. Winspear wi…
Index (May 17, 1999)
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