GREATEST VALUE TRADED, July 8-14
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News
Mount Polley placed on life support
Imperial Metals (IPM-T) will not suspend operations at its 55%-owned Mount Polley mine, 60 km northeast of Williams Lake, B.C.The decision was reached after shareholders agreed to adopt an economic pl…
Pegasus aims to sell Mt. Todd
Financially troubled Pegasus Gold (PSGQF-O) plans to sell off the Mt. Todd gold mine and seek damages from the engineering contractors involved in the planning and design of the Australian project.The…
OBITUARY — William George Wahl
William George “Gus” Wahl, a prominent member of Canada’s exploration industry and who discovered numerous mineral deposits throughout the world, has died. He was 80.Born on June 16, 1918, in Crosby, …
MINING MARKETS & INVESTMENT NEWS – INSIDER TRADING — Aur, Dia Met and Eldorado insiders sell shares
According to the Ontario Securities Commission Bulletin, the following insider trades occurred in May and June:* Aur Resources (AUR-T) — Leo Thibodeau, director, sold 19,000 shares at $3.50-3.55 to h…
MOST ACTIVE ISSUES, July 8-14
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METAL PRICES — Daily Metal Prices (July 20, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices in US$ per tonne)DateJuly 14July 13July 10July…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Base metal majors’ shares slump as Antamina deal closes
The Toronto Stock Exchange experienced a broad trading range during the July 8-14 report period, with the TSE 300 composite index easing off 1% to 7,387.06 points. The metals-and-minerals sub-index su…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Foreign plays attract attention in otherwise dull western market
The Vancouver Stock Exhange composite index shed 7.95 points, or 1.5%, to close at 520.04 over the report period ended July 14. The mining index followed suit, dropping 8.35 points, or 2.2%, to finish…
Asia Minerals to option Copperstone from Royal Oak
Asia Minerals (ASE-A) has entered into a joint-venture agreement to acquire up to an 80% interest from Royal Oak Mines (RYO-T) in the past-producing Copperstone gold mine in La Paz Cty., Ariz.The agre…
Kinross working on the Railroad
Having selected several targets it considers to be of high calibre, Kinross Gold (K-T) has kicked off a drill program at the Railroad gold project in Nevada’s Carlin trend.The project, in which Kinros…
Caledonia seeks cobalt-copper in Congo
Junior Caledonia Mining (CAL-T) has entered into two joint-venture agreements with the state mining agency of the Democratic Republic of Congo.The partners will explore two cobalt-copper concessions a…