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…
News
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…
METAL FUTURES (June 15, 1998)
Settlement prices for London Metal Exchange spot metal and three-month contracts, June 9/98 (US$ per tonne):MetalsCash Price3 Month Price…
NEVADA AND THE WESTERN STATES — Getchell posts big first-quarter loss
Although Nevada miner Getchell Gold (GGO-T) posted a substantial first-quarter loss, reserve expansion at its namesake mine, ongoing construction at the Turquoise Ridge project and hedging leave it we…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold sinks on central banker’s comments
The Toronto Stock Exchange was held within a narrow trading range over the June 3-9 report period, with the TSE 300 composite index rising marginally to 7,535.43 points. Both mining sub-groups fell sl…