Junior funds work in Colombia
Conquistador Mines (CMG-V) has closed a private placement with Haywood Securities consisting of 2 million units at 75 cents each, for gross proceeds of $1.5 million.Each unit consists of one share and…
Articles by Northern Miner Staff
MOST ACTIVE ISSUES (June 15, 1998)
ExchgVol(000s)HighLowCloseChangeIntl UraniumT1159…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow regains lost ground
The Dow Jones Industrial average picked up lost ground during the June 3-9 report period, racking up three consecutive days in positive territory, including a 167-point gain on June 5. The average fin…
TSE INDICES (June 15, 1998)
1998June 9June 8June 5June 4June 3HighLowComposit…
Antares buys into Steppe’s Mizek project
Enticed by Kazakstan’s mineral potential, Antares Mining & Exploration (ANZ-T), has cast its net over a portion of the shares of Steppe Gold Resources (SPE-V). The latter firm operates the Mizek gold …
Orvana Minerals hits more good grades in Bolivia
Eight holes sunk by Orvana Minerals (ORV-T) as part of its ongoing feasibility study at the Don Mario deposit in Bolivia have turned up strong gold-copper mineralization.Six holes were drilled in the …
Crown Butte shareholders approve New World sale
Already old news, the once-promising New World gold project has taken another step on the road to oblivion.New World owner Crown Butte Resources (CBL-T) reports that its shareholders have approved the…
METAL PRICES — Daily Metal Prices (June 15, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateJune 9June 8June 5June 4June 3…
NEVADA AND THE WESTERN STATES — Diehard Abitibi explorer gets its feet wet in Nevada — Boreal picks up option on property north of Round Mountain
Leaving the swamps and black flies of the Canadian Shield behind, Boreal Exploration (BOR-M) has inked a deal with a private company to take over an advanced gold exploration property in west-central …
Dayton chairman responds to shareholder revolt
In a letter to shareholders, Chairman Roland Horst described Dayton Mining (DAY-T) as being “on the right course,” and asked for support against a challenge posed by minority shareholder Manchester Se…
MINING MARKETS & INVESTMENT NEWS — TSE drops Dakota Mining, welcomes Platexco
Trading in Dakota Mining has been halted on the Toronto Stock Exchange (TSE) as a result of the company’s failure to file its annual financial statements.The Denver-based company has been battling ins…
FACTS ‘N’ FIGURES — Platinum’s wild ride not over
The erratic pattern of Russian platinum sales is likely to be the chief factor affecting the metal’s price in 1998, according to a report published by London-based metals trader Johnson Matthey.Accord…