NAME CHANGE (May 10, 1999)
Gala Resources (GAX-V) has changed its name to Hydromet Technologies (HTL-V) on a 1-new-for-4-old-share basis.
News
Teck to raise gold-mining profile
Although Teck (TEK-T) has been a gold miner for 85 years, its diversification into copper, zinc, niobium and coal, has prompted recent concerns with analysts that the company is not realizing the full…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Many mineros poor but happy
The following is the third in a series of articles in which the author, an exploration geologist based in Delta, B.C., recounts his experiences working in the jungles of Venezuela in the late 1980s an…
EDITORIAL & OPINION — Labour needs a new agenda — Us and them
Canadians and Americans are different in one major way, a visiting foreign businessman once observed. South of the 49th Parallel, the American Dream — the notion that Joe Average can become Top Dog t…
Gold group retains law firm
A New Hampshire group calling itself the Gold Anti-Trust Action Committee (GATA) has retained the Philadelphia law firm Berger & Montague to help it investigate allegations of manipulation in the gold…
TSE INDICES (May 10, 1999)
1999May 4May 3Apr. 30Apr. 29Apr. 28HighLowComposi…
Aquest arranges financing
Junior Aquest Minerals (AQU-V) is seeking to raise $1.2 million through a non-brokered private placement of 2 million units priced at 60 cents per unit.A unit consists of one share plus a half-share p…
Placer tables strong first-quarter earnings
By reducing costs and increasing production, Placer Dome (PDG-T) continues to perform strongly, as evidenced by results from the first quarter.The company earned US$25 million (or 10 cents per share) …
Wheaton River develops Bellavista
With a positive feasibility study in hand, Wheaton River Minerals (WRM-T) is seeking funds to develop its Bellavista open-pit heap-leach gold project in Costa Rica.Unnamed financial institutions have …
LME WHSE LEVELS (May 10, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at May 4/99 (change from April 27 in brackets):MetalStocks(tonnes)Change…
GREATEST VALUE TRADED, April 28-May4
ExchgVol(000s)HighLowCloseChangeInco LtdT427530…
SPOT PRICES, May 5, 1999
Precious MetalsPrice(US/oz)ChangeGold$285.50+$4.45Silver$ 5.30+$0.09…