Teck options three Chilean properties
Teck (TEK-T) will form joint ventures with General Minerals (GNM-T) on three copper projects in central Chile.The Vancouver-based major can earn a 60% interest in General Minerals’ Productura copper-g…
1999
GOLD FUNDS (February 08, 1999)
Gold Funds as of January 28, 1999BGRCentralNet Value$13.685.88Price$8.75$…
U of T offers remote-sensing course
A short course on remote-sensing in mineral exploration will follow this year’s convention of the Prospectors and Developers Association of Canada, in Toronto.The course, to be held March 19-20 at the…
Ashanti produces record amount of gold
Ashanti Goldfields (ASL-N) surpassed all its production and cost targets for 1998 on the strength of a banner fourth quarter.The company racked up 1.55 million oz. in gold production for the year (a 3…
EDITORIAL & OPINION — NEW HORIZONS — Responsibility at heart of INAP
The International Network for Acid Prevention is a recently established organization founded by 17 of the world’s leading mining companies. Its purpose is to promote significant improvements in the ma…
Asarco takes loss for quarter
Asarco (AR-N) declared a net loss for the fourth quarter of 1998 as a result of low copper prices.After non-recurring items, the company lost US$68.7 million (or $1.73 per share), compared with net ea…
GREATEST VALUE TRADED, Jan. 27 – Feb. 2
ExchgVal($000s)HighLowCloseChangeBarrick GoldT389…
Kubaka’s performance buoys Kinross
With the Kubaka gold mine in Far Eastern Russia now its star performer, Kinross Gold (K-T) is continuing efforts to improve efficiencies at its other mines around the world.As part of this effort, Kin…
Meetings (February 08, 1999)
Feb. 9, FCMI Feb. 10, Anderson Feb. 10, Nevada Star Feb. 11, Blackwater Feb. 11, La Teko Feb. 12, GMD Res. Feb. 15, ABX Feb. 15, Messina Diamond Feb. 15, Scandia Feb. 15, Wheat Hills Feb. 16, Colevill…
Apex drills Platosa property
Denver-based Apex Silver Mines (SIL-X) has begun drilling at Excellon Resources’ (EXN-V) Platosa polymetallic property, near Bermijillo in Mexico’s Durango state.Apex can earn a 65% direct interest in…
EDITORIAL & OPINION — Building a road to nowhere — The Devco disaster
It was inevitable and overdue, yet it is impossible not to sympathize with the 1,000 coal miners who will lose their jobs when the Canadian government finally pulls the plug on Cape Breton Development…
METAL PRICES (February 08, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateFeb. 2Feb. 1Jan. 29Jan. 28…