MOST ACTIVE ISSUES, June 23-29
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News
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow Industrial retests 9,000 mark
The Dow Jones Industrial average was up 168.90 points (or 1.9%) over the report period June 24-29 to close at 8,997.36 in pre-holiday trading.Mining issues were mixed, with a few more losers than gain…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Snap Lake drilling piques investors’ interest in Winspear
The Vancouver Stock Exchange composite index remained relatively unchanged over the holiday-shortened report period of June 24-29, slipping just one-fifth of a point to close at 532.24. The mining ind…
METAL PRICES — Daily Metal Prices (July 06, 1998)
BASE METALS (London Metal Exchange-Midday official cash prices in US$ per tonne)DateJune 30June 29June 26June 25…
Royal Gold assumes control of Greek exploration project
Royal Gold (RGLD-Q) has taken control of the Milos gold project in Greece following the termination of an agreement with an Australian investor group.In March of this year, Royal announced an agreemen…
Grayd advances Alaskan properties
Slumping metals prices and weak equity markets have not deterred Grayd Resources (GYD-V) from pursuing its impressive portfolio of properties in the Bonnifield and Delta districts of Alaska.”We’ve bee…
BASE METALS — Redfern Resources gearing up to develop Tulsequah Chief deposit
Having been granted the legal right to begin developing the past-producing Tulsequah Chief polymetallic mine, Redfern Resources (RFR-V) is gearing up for a 2-year development and construction program….
BASE METALS — Maluku base metal project a prospecting triumph
Half a world from their Newfoundland homes, prospectors working for Inco (N-T) and Indo Metals (IOM-V) are proving that mineral exploration is indeed a high-tech industry, and that the highest technol…
Index (June 29, 1998)
CareersClassifiedCommentaryDiamond PageDividendsDrillersEditorialGuest ColumnInsider TradingInvestment CommentaryLetters to the EditorMarket PlaceMetal PricesMining Markets and Investment NewsNews Rou…
Imperial hopes to stave off closure of Mount Polley mine
Buckling under the strain of low metal prices, Imperial Metals (IMP-T) is seeking concessions from all stakeholders in order to improve the financial conditions of its two new mines in the central par…
Blue Emerald plans drilling
Blue Emerald Resources (BER-V) is set to begin a 1,000-metre reverse-circulation drill program at its 6,400-ha Quebrada de Oro property in northern Nicaragua.The 6-hole program is designed to test thr…
Corrections (June 29, 1998)
The 10-oz. Silver Maple Leaf coin recently pressed by the Canadian Mint has a face value of $50 and retails for $199.99. The coin is the largest legal tender coin ever produced in Canada. Incorrect in…