Placer completes Western Areas deal
Vancouver-based major Placer Dome (PDG-T) has completed its joint-venture agreement with South Africa’s Western Areas for a 50% operating interest in the South Deep deposit, situated in the Witwatersr…
1999
Construction resumes at Las Cristinas gold project
After several years of delay due to litigation, Placer Dome (PDG-T) has resumed construction on the Las Cristinas gold mine in the Kilometre 88 region of southeastern Venezuela.The US$575-million proj…
Meetings (April 05, 1999)
April 7, Band OreApril 8, BrascadeApril 8, Western Pacific MinApril 8, WinspearApril 9, AuspexApril 9, Mount HopeApril 9, NovawestApril 9, TellisApril 12, Western PacificApril 13, Blue GoldApril 13, T…
Barrick completes acquisition
Shareholders of Sutton Resources (STT-T) have overwhelmingly approved a takeover bid by Barrick Gold (ABX-T), offering 91% of their shares to the major.Under the terms of the Barrick offer, which had …
Parkland grows under government plan
A program that will establish 380 new parks and protected areas in Ontario was unveiled in late March by the provincial government.The program, dubbed Living Legacy, was the outgrowth of the province’…
Lac Rocher drilling hits nickel, copper
Results from five more holes drilled by Nuinsco Resources (NWI-T) at its Lac Rocher project in Quebec sent the company’s share price tumbling even as they confirmed additional nickel and copper minera…
TSE INDICES (April 05, 1999)
1999Mar. 30Mar. 29Mar. 26Mar. 25Mar. 24HighLowCom…
PRODUCER & DEALER PRICES (April 05, 1999)
Antimony: Representative mid-market US$1,290 per tonne (Mar. 30/99).Bismuth: Representative mid-market US$3.25 per lb. (Mar. 30/99).Cadmium: Representative mid-market US$0.23 per lb. (Mar. 30/99).Chro…
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Dow falls back after closing above 10K
The Dow Jones industrial average posted a record gain by closing above 10,000 during the report period ended March 30, before profit-taking pulled it down to 9,913.26 points. The average was still up …
Breakwater reopens El Toqui
Stronger zinc prices and an improved mill performance have prompted Toronto-based Breakwater Resources (BWR-T) to resume mining at its El Toqui zinc mine in central Chile.The company suspended mining …
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Bearish sentiment prevails among junior stocks
The Vancouver Stock Exchange composite index rose 3.82 points, or 0.91%, and finished the week ended March 30 at 423.39. The mining index wandered into bear territory and dropped 3.22 points, or 1.05%…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Weakness in metal prices drags down majors
Continuing threats of gold sales by the International Monetary Fund plus negative sentiment toward the Japanese economy combined to pull down most precious and base metal prices during the March 24-30…