MOST ACTIVE ISSUES, May 6-12
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News
Russian gold production up
Preliminary figures indicate Russian mining companies produced 8.8 million tonnes of gold in the first quarter of 1998, 1.1 tonnes more than in the corresponding period of 1997.The Russian economics m…
Golder contributes to program
Golder Associates, a mining consulting firm, has donated $15,000 to a campaign developed to increase public awareness and support of mining in Canada.The campaign, called The Great Canadian Mine Show,…
MINING MARKETS AND INVESTMENT NEWS — Mutapa scores listing to finance work
Denver-based Maya Gold (MAY-A) has taken up residence on the Alberta Stock Exchange.The company holds four concessions in Honduras — Guajiniquil, El Triunfo, Langue and San Miguel — covering a total…
GREATEST VALUE TRADED (May 18, 1998)
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SPOT PRICES (May 18, 1998)
Wednesday, May 13, 1998Price (US)Week’s ChangeGold*$295.60- $7.90Silver*$ 5.46…
MINING MARKETS AND INVESTMENT NEWS — EASTERN MARKETS — Producers suffer falling metal prices, but TSE manages to hang on
The Toronto Stock Exchange 300 index sustained a minor loss during the report period May 6-12, dropping just 2.42 points to end at 7,717.70. The index, however, fared better than the gold and precious…
LME WAREHOUSE LEVELS (May 18, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at May 11/98 (change from May 1 in brackets):MetalStock(tonnes)ChangeA…
Tri Origin secures Ontario ground
A 717-metre diamond drill program by Tri Origin Exploration (TOE-T) at its Confederation base metal property in northwestern Ontario has returned lacklustre results.Of five planned holes, two were aba…
Night Hawk Lake plans set
The four companies that constitute the Night Hawk Lake joint venture have approved a $410,000 program of downhole and ground geophysics, data interpretation and drilling. The 637-claim property is 38 …
Black Hawk remains in the black during quarter
Toronto-based Black Hawk Mining (BHK-T), owner and operator of the Keystone gold mine in Manitoba, has posted a strong first quarter.During the 3-month period ended March 31, the company earned $1.33 …
Tiomin granted extension
The government of Panama has granted Tiomin Resources (TIO-T) an extension on the company’s contract for the Cerro Colorado copper deposit.As a result, Tiomin will be able to postpone its contract com…