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…
News
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 …
Namibian Minerals posts earnings
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…
Meetings (January 04, 1999)
Jan. 5, VigorJan. 6, ContikiJan. 6, GemstarJan. 6, WestwardJan. 8, CanacoJan. 8, ChannelJan. 8, GlobenetJan. 8, NevsunJan. 8, RondalJan. 8, RegentJan. 12, AfcanJan. 12, PinewoodJan. 12, SahelianJan. 1…
QUERY –US Platinum still breathing, softly
I would like a little data on U.S. Platinum Inc. Around June 1995, you featured a promising writeup on U.S. Platinum. I think the company was based in Salt Lake City, Utah. Your paper said it was dril…
Romarco revises buyback plan
Romarco Minerals (R-T) is halving the number of shares in a planned buyback program, owing to the devaluation of its holdings in Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T).The…
METAL PRICES (January 04, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateDec. 29Dec. 28Dec. 25Dec. 24…
WESTERN MARKETS — Western markets end year with modest gain — Canadian juniors show little signs of life over holiday period
The Vancouver Stock Exchange composite index edged up 1.27 points, or 0.34%, to finish the holiday-shortened report period ended Dec. 24 at 378.64. The mining index remained steady, losing only 0.19 p…
EASTERN MARKETS — Royal Oak, Greenstone sink as duo grapples with debt load — Viceroy Resources hits hot holes in Argentina’s San Juan province
During the holiday-shortened Dec. 22-28 report period, the TSE 300 composite rose 1.3% to 6,465.38 points while the gold and precious minerals sub-index edged off slightly to 5,8903.94 points. The met…
Index (December 28, 1998)
ClassifiedCommentaryDiamond PageDividendsDrillersEditorialGeology 101Insider TradingLetter to the EditorMetal PricesProfessional DirectoryStock MarketSubscription Services…
CORRECTION (December 28, 1998)
In our issue of Dec. 14-20/98, we reported that the latest results from drilling at the Las Huaquillas property came from six holes collared in the San Antonio sector. Sulliden Exploration (SUE-M) act…