SPOT PRICES (June 15, 1998)
Wednesday June 10, 1998Price (US)Week’s ChangeGold*$294.15+ $0.80Silver*$ 5.36…
Articles by Northern Miner Staff
NEVADA AND THE WESTERN STATES — Golden Phoenix raises funds for exploration
With the help of IBK Capital, Golden Phoenix Minerals (GPXM-O) is raising up to US$3.5 million in equity financing, most of which will be used this year to fund exploration on its principal properties…
NEWS IN BRIEF (June 15, 1998)
Dragoon Resources (DGN-V) has changed its name to Seabridge Resources (SEA-V) on a 1-new-for-10-old-share basis.
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Monopros drilling helps juniors post gains
The Vancouver Stock Exchange composite index lost 14.98 points, or 2.5%, to close the report period ended June 9 at 573.81. The mining index slid 19.16 points, or 4.3%, to finish at 422.60. Meanwhile,…
Meetings (June 08, 1998)
June 8, DalmationJune 8, Grange GoldJune 8, Int’l CapriJune 8, Rio Narcea.June 9, Big BearJune 9, BijouJune 9, Crown ButteJune 9, Mineral ResourcesJune 9, Newhawk Gold.June 9, NearyJune 9, ProfcoJune …
MINING MARKETS & INVESTMENT NEWS – INVESTMENT COMMENTARY — Bulyanhulu considered one of world’s best
Graeme Currie, mining analyst for Canaccord Capital, has issued a “speculative buy” recommendation for Sutton Resources (STT-V) based on the growing resource at the company’s Bulyanhulu gold deposit i…
Golden Bear awakens from winter sleep
Operator Wheaton River Minerals (WRM-T) has resumed production at the Golden Bear gold mine in northwestern British Columbia.The seasonal operation, which reentered production last August after severa…
Companies (June 08, 1998)
Ag Armeno Mines & MineralsAlberta EnergyAmerican Bullion MineralsAnglo AmericanArchon MineralsAshton Mining of CanadaAsia Pacific ResourcesAvminBlack Hawk MiningBMR GoldBorneo GoldBroken Hill Propriet…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow and gold continue slide
The Dow Jones Industrial average lost 72.49 points, or 0.8%, during the May 27-June 2 report period to close at 8,891.24. Gold producers also lost ground as the price of the yellow metal continued to …
Spectrum seeks PGMs in New Zealand
High prices and demand for platinum and palladium have prompted Spectrum Resources (SPC-V) to option two New Zealand properties prospective for platinum group metals (PGMs).The first property covers 1…
BC mining rights act approved
A bill that supports the introduction of mining initiatives to attract investment and create jobs in the mining sector has been approved by the British Columbia legislature and now awaits final approv…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Mining issues fall in stagnant market
The Toronto Stock Exchange traded in a narrow range during the May 27-June 2 report period, with the TSE 300 composite index closing down 91.95 points to 7,534.01. Both mining sub-groups outpaced the …