Similar in mood to 1997, though comparatively free of scandal, 1998 will be remembered as the year exploration companies replaced promotional antics with survival tactics. But despite the bearish mark…
Tuesday December 29, 1998Price (US)Week’s ChangeGold*$286.70- $2.00Silver*$ 4.92…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.29/98 (change from Dec. 22 in brackets):MetalStocks(tonnes)Change…
1998Dec. 22Dec. 21Dec. 18Dec. 17Dec. 16HighLowCom…
@IDX:Aber ResourcesAltius MineralsArchon MineralsArgentina GoldAsarcoAscot ResourcesAtna ResourcesBanro ResourceBarrick GoldBlackstone ResourcesBroken Hill ProprietaryCamecoCamphor VenturesCanyon Reso…
The walls keep closing in on Royal Oak Mines (RYO-T).Facing crushing debts, the exasperated gold miner announced two days before Christmas that it would defer making payments on its outstanding loans …
If 1997 was a year of scandals and promotional excesses that the mining industry would prefer to forget, 1998 will go down as the year of retribution, rebuilding and retrenchment — a year when even t…
To no one’s benefit except overseas nickel producers, the past year saw the Newfoundland government square off against Inco (N-T) in an increasingly bitter dispute over development of the Voisey’s Bay…
For the 1998 Teddy Bears’ picnic, the main course was probably the metals, which were swallowed whole by bearish market sentiment.The skittish precious metals market was kept on edge for much of the y…
With the euphoria of 1996 and early 1997 a distant memory, the mining industry was brought back down to earth in 1998 by the triple whammy of low metals prices, global economic weakness and investor a…
In a vote that was important to the industry, the Montana ballot initiative to ban mining’s use of cyanide in the recovery of precious metal was passed by a 53% vote in favor.Unfortunately, there was …
Higher second-quarter production helped offset lower realized diamond prices for Namibian Minerals (NMR-T).The alluvial diamond producer cranked out 42,600 carats in the three months ended Nov. 30, co…
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