Dayton chairman responds to shareholder revolt
In a letter to shareholders, Chairman Roland Horst described Dayton Mining (DAY-T) as being “on the right course,” and asked for support against a challenge posed by minority shareholder Manchester Se…
News
MINING MARKETS & INVESTMENT NEWS — TSE drops Dakota Mining, welcomes Platexco
Trading in Dakota Mining has been halted on the Toronto Stock Exchange (TSE) as a result of the company’s failure to file its annual financial statements.The Denver-based company has been battling ins…
FACTS ‘N’ FIGURES — Platinum’s wild ride not over
The erratic pattern of Russian platinum sales is likely to be the chief factor affecting the metal’s price in 1998, according to a report published by London-based metals trader Johnson Matthey.Accord…
Newmont prevails in Yanacocha litigation
In a scene resembling the Stanley Cup finals or the World Series, Newmont Gold (NGC-N) has nudged out Paris-based Bureau de Recherches Geologiques Minieres (BRGM) in a best-of-seven series in the Peru…
GOLD FUNDS (June 08, 1998)
Gold Funds as of May 28, 1998BGRCentralNet Value$15.07$5.84Price$11.75$5.
Cautious investors show interest in St. Jude
While Ghana’s gold potential is undeniable, junior companies exploring concessions in the West African country are facing increased scrutiny from investors in the wake of a high-profile tampering scan…
NEWS IN BRIEF (June 08, 1998)
George Resource (GGP-V) has changed its name to Rocca Resources (RRL-V) on a 1-new-for-10-old-share basis.
Index (June 08, 1998)
CareersClassifiedDiamond PageDrillersEditorialFacts ‘n’ FiguresGeology 101Insider TradingInvestment CommentaryMergers & AcquisitionsMetal PricesMining Markets and Investment NewsProfessional Directory…
CORRECTION (June 08, 1998)
In our June 1-7 issue, we stated that First Dynasty Mines (fdm-t) already owed US$5 million to Ivanhoe Capital Finance when it borrowed another US$4.5 million from that company. The previous loans act…
FACTS ‘N’ FIGURES — World can’t get enough silver
Silver demand was robust in 1997, exceeding supply from mine production and scrap recycling by 198 million oz. and effecting substantial reductions in bullion stocks, according a report released by Wa…
MINING MARKETS & INVESTMENT NEWS – MERGERS & ACQUISITIONS — Redaurum eyes Centenary’s mining and smelting assets in Africa
By merging with Centenary Investments, diamond producer Redaurum (RRK-T) would acquire assets worth more than US$100 million, according to a valuation report by a Calgary-based consulting firm.Centena…
Carlin’s underground to be studied at Elko Expo
The newly formed Western Underground Mining Association (WUMA) will present the first Underground Mining conference, to be held June 18-19, during the 13th Elko Mining Expo in Elko, Nev.The conference…