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…
1999
MOST ACTIVE ISSUES, March 24-30
ExchgVol (000s)HighLowCloseChangeDejour MinesT436…
Sunshine boosts reserves at Pirquitas
Sunshine Mining & Refining (SSC-N) has increased proven and probable reserves at the Pirquitas silver property in northwestern Argentina.The figure now stands at 116 million oz. silver within 23.9 mil…
PEOPLE – Miramar
Anthony Walsh appointed interim president, CEO and director.
Viceroy to acquire interest in NovaGold — Priority given to properties with long-life reserves
Viceroy Resource (VOY-T) has agreed to sell its interests in 22 grassroots exploration properties in the Yukon to NovaGold Resources (NRI-T) in exchange for 3.4 million of its shares, representing jus…
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 …
LME WHSE LEVELS (April 05, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar. 30/99 (change from Mar. 23 in brackets):MetalStocks (tonnes)Change…
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…