Rio Algom posts profits
Despite tough times for base metal producers, Rio Algom (ROM-T) enjoyed a profitable second quarter as it continued to expand both its copper production and its metals distribution business.Earnings t…
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MOST ACTIVE ISSUES, July 15-21
Exchg Vol(000s)CloseCasmyn Corp*Q198910.02Barrick GoldT672127.25Placer DomeT613916.60Meridian GoldT4935 7.00Homestake Mg *N459810.94Carmanah ResT44851.53Newmont Mng *N395822.81…
GOLD FUNDS (July 27, 1998)
Gold Funds as of July 16, 1998BGRCentralNet Value$14.22$6.06Price$10.45$5…
CORRECTIONS (July 27, 1998)
Fortune Minerals trades on the Toronto Stock Exchange under the symbol FT.The high grade gold zone at the Nico project grades an average of 0.09% bismuth (plus values in cobalt, copper and gold). Inco…
Index (July 27, 1998)
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Lawsuits, hearings focus on disclosure, corporate conduct — Regulators and shareholders train sights on Crystallex, Naxos, Cartaway and First Marathon
As if to signal the end of the 1990s bull market for resource stocks, irate shareholders and vigilant securities regulators have taken aim at a powerful brokerage firm and several junior companies tha…
Stillwater reports rosy second quarter
Record production and earnings made for a profitable second quarter for Stillwater Mining (SWC-X), though its hedging policy kept the company from reaching the maximum value of its namesake platinum-p…
Lomas Bayas produces copper
Boliden (BOL-T) has passed a development milestone by producing the first copper cathode at the Lomas Bayas mine in northern Chile.The US$244-million Lomas Bayas project, one the key assets acquired b…
Samax reports gold find in Congo
Samax Gold (SMX-T) has intersected what it describes as significant gold mineralization at its 85%-owned Mougongo prospect in Congo.Drill hole 4 cut 28.5 metres grading 3.7 grams of the yellow metal (…
Poplar buys into South African diamond projects
Vancouver-based Poplar Resources (PPX-V) has branched into South Africa by acquiring a 45% interest in Savannah Diamondfields, the main assests of which are the Aardvark and Barkly West diamond projec…
Golden Goose sees heap-leach potential at Magino
The past-producing Magino gold mine near Wawa, Ont., has the potential to become an economic heap-leach operation, says Irwin Miller, president of Golden Goose Resources (GGR-T).But Miller’s opinion i…
Birim’s Dunkwa extended at depth
Drilling by Battle Mountain Gold (BMG-T) at the Dunkwa property in Ghana has extended the Mampon gold deposit at depth.Battle Mountain, the operator, is acquiring a 65% interest in the project from Bi…