Georgia seeking miners
The government of one of the least-mined of the former Soviet republics has called a tender for a complex mineral licence in hopes of attracting mining companies.With the tender, the Georgian Ministry…
News
Sunshine hits new high-grade silver vein
With recent drilling at the Pirquitas silver-tin deposit in northern Argentina having encountered new mineralization, Sunshine Mining & Refining (SSC-N) reports that the final feasibility study on the…
MINING MARKETS & INVESTMENT NEWS — Aurizon Mines raises $7m for Casa Berardi
Vancouver-based Aurizon Mines (ARZ-T) has arranged a $7-million financing, proceeds from which will be used to acquire and explore the Casa Berardi gold mine in northwestern Quebec.The first installme…
Alcan group nixes Venezuelan buyout
The Alcan-Alcoa consortium has declined to submit a bid in the privatization of Venezuela’s aluminum companies, stating that the risks inherent in the current privatization process far outweigh the po…
COMMENTARY — Alaska gateway to Russia
Alaska and Russia share a relationship, and companies wishing to do business in eastern Russia should consider opening an office in Alaska.The most obvious advantage of Alaska-based offices for Russia…
NEWS IN BRIEF (June 15, 1998)
Dragoon Resources (DGN-V) has changed its name to Seabridge Resources (SEA-V) on a 1-new-for-10-old-share basis.
Mining Standards Task Force calls for licensure, tighter rules
The Mining Standards Task Force of the Toronto Stock Exchange (TSE) and the Ontario Securities Commission (OSC) has proposed the strictest disclosure rules for mining companies of any jurisdiction in …
GOLD FUNDS (June 15, 1998)
Gold Funds as of June 4, 1998BGRCentralNet Value$14.90$5.82Price$10.70$5.
Index (June 15, 1998)
Book ReviewCareersClassifiedDiamond PageDiamond News RoundupDividendsDrillersEditorialFacts’n’FiguresInsider TradingInvestment CommentaryMetal PricesMining Markets and Investment NewsOdds’n’SodsProfes…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Monopros drilling helps juniors post gains
The Vancouver Stock Exchange composite index lost 14.98 points, or 2.5%, to close the report period ended June 9 at 573.81. The mining index slid 19.16 points, or 4.3%, to finish at 422.60. Meanwhile,…
NEVADA AND THE WESTERN STATES — Golden Phoenix raises funds for exploration
With the help of IBK Capital, Golden Phoenix Minerals (GPXM-O) is raising up to US$3.5 million in equity financing, most of which will be used this year to fund exploration on its principal properties…
SPOT PRICES (June 15, 1998)
Wednesday June 10, 1998Price (US)Week’s ChangeGold*$294.15+ $0.80Silver*$ 5.36…