GREATEST VALUE TRADED, Dec. 22-28
ExchgVal($000s)HighLowCloseChangeNoranda Inc.T381…
News
Exploration down in ’98 but not out — Argentina, Newfoundland among hot spots for junior companies
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…
SPOT PRICES (January 04, 1999)
Tuesday December 29, 1998Price (US)Week’s ChangeGold*$286.70- $2.00Silver*$ 4.92…
LME Warehouse Levels (January 04, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.29/98 (change from Dec. 22 in brackets):MetalStocks(tonnes)Change…
TSE INDICES (January 04, 1999)
1998Dec. 22Dec. 21Dec. 18Dec. 17Dec. 16HighLowCom…
Companies (January 04, 1999)
@IDX:Aber ResourcesAltius MineralsArchon MineralsArgentina GoldAsarcoAscot ResourcesAtna ResourcesBanro ResourceBarrick GoldBlackstone ResourcesBroken Hill ProprietaryCamecoCamphor VenturesCanyon Reso…
Royal Oak suspends debt payments — Greenstone reworks loans, boosts working capital
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 …
The Year of the Rampaging Bear — 1998 characterized by retribution, rebuilding
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…
Inco, Newfoundland gov’t spent 1998 at loggerheads
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…
Bearish year saps life out of metals markets
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…
EDITORIAL — Another year bites the dust — A look back
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…
COMMENTARY — Promoting a positive approach in Montana
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 …