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…
News
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…
MINING MARKETS & INVESTMENT NEWS — Payment deferred
Olympus Pacific Minerals (OYM-V) has inked a deal with Indochina Goldfields (ING-T) to defer, for 12 months, $541,000 of a $641,000 payment due Sept. 11. The payment relates to Olympus Pacific’s acqui…
MINING MARKETS & INVESTMENT NEWS — QUERY — Perron, Arimetco have faint pulse
AJ Perron and Arimetco International have both been de-listed. Is there any hope for either of them?.SFred Carach,.SMiami, Fla.Arimetco International (ARX-T) was de-listed by the Toronto Stock Exchang…
MINING MARKETS & INVESTMENT NEWS — Base metal majors perform despite weak prices — Most gold miners up as yellow metal stages minor comeback; settlement sparks SouthernEra
The Toronto Stock Exchange enjoyed a broad trading range during the June 17-23 report period, with the TSE 300 composite index dropping marginally to 7,175.23 points. Both mining sub-groups fell more …
TSE SHORT POSITIONS (June 29, 1998)
Short positions outstanding at June 15, 1998Larger individual positions include: Abacan Resource 363,104, up 88,485; Abitibi-Consolidated 959,027, up 591,100; Ashton Mining of Canada 117,746; Asia Pac…
Indonesia sells stakes in companies for cash
American brokerage houses Lehman Brothers and Goldman Sachs have reached an agreement with the new government of Indonesia to assist in the partial privatization of 12 state-controlled companies.The g…