Brewery Creek shines
The Brewery Creek gold mine in the Yukon has been performing better than its owner, Viceroy Resource (VOY-T), expected.The open-pit, heap-leach mine produced 79,396 oz. in 1998 at a total cash cost (i…
1999
U.S. MARKETS — Dow climbs toward new high
The Dow Jones industrial average climbed 247.39 points over the report period ended Feb. 23, to 9,544.42 — 100 points shy of a new high.Mining issues were mixed. Most copper producers continued to su…
OVERSEAS QUOTES (March 01, 1999)
Close: Tuesday February 23, 1999SOUTH AFRICA (SA Rand)StockVolumeCloseAnglovaal Mg298,30024.50…
Russia renews promises for coal reform — Proposals include cash, mine designations, increased exports
Russian Prime Minister Yevgeny Primakov has pledged $780 million to the country’s battered coal industry as the first step in a new government restructuring plan.The money will be used to pay wages ow…
EASTERN MARKETS — TSE moves higher despite rut in resource stocks
The Toronto Stock Exchange was higher over the report period Feb. 17-23, with the retail and manufacturing stocks leading the way. The TSE 300 composite index added 68.26 points, or 1.1%, to close at …
GREATEST VALUE TRADED, Feb. 17-23
ExchgVal($000s)HighLowCloseChangeBarrick GoldT196…
METAL PRICES — Daily Metal Prices (March 01, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateFeb. 23Feb. 22Feb. 19Feb. 18…
Triex eyes Sioux Lookout
Vancouver-based Triex Resources (TIE-V) has expanded its land holdings in the Sioux Lookout region of northwestern Ontario.The junior will buy six patented mining claims within the property boundary o…
Greystar revs up Angostura drills
Junior Greystar Resources (GSL-T) has resumed drilling at its Angostura gold-silver project in northeastern Colombia.The 1999 campaign will include 60 infill and reconnaissance holes totalling 20,000 …
NEWS ROUNDUP — Twin Gold executes lease for Atlanta
By executing a mining lease and option agreement, Toronto-based Twin Gold (TWG-T) has slashed a net smelter return royalty to 0.5% from 5% at its 80%-held Atlanta gold mine project in Idaho.Twin Gold …
COMMENTARY — Quebec’s year ahead
The current uncertainty in Asian markets makes it unlikely there will be a significant increase in metal prices in 1999. Only from the year 2000 on can we expect to see a recovery; indeed, the value o…
WESTERN MARKETS — Investors hunt for takeover targets
The Vancouver Stock Exchange composite index lost 1.56 points to close the report period ended Feb. 23 at 407.22. The mining index dropped 2.23 points, finishing at 289.46. Meanwhile, the combined val…