Colorado junior to focus on Alaskan prospects
A little-known private company has signed an exclusive option agreement with Doyon Limited, an Alaskan native corporation, for a 25-property package totalling more than 7 million acres in the state’s …
News
SUPPLIERS NEWS ROUNDUP — Kvaerner named top engineer
Kvaerner has been named the world’s leading engineering firm in a list compiled by Engineering News-Record, a New York-based trade publication.The $10-billion, London-based company topped the list, en…
MINING MARKET & INVESTMENT NEWS — Mispec completes property deal
At a special meeting in mid-August, shareholders of Mispec Resources (MPE-M) voted to issue 20 million shares, thereby boosting ownership of the company’s Indonesian gold properties.Once completed, Mi…
MINING MARKET & INVESTMENT NEWS — WESTERN MARKETS — Signs of bear market visible on western horizon
In recent months, the Vancouver Stock Exchange indices have been wandering deeper and deeper into bear territory. The trend continued during the report period ended Aug. 18: the composite index lost 7…
Omai lawsuit dismissed
A class action suit brought against Cambior (CBJ-T) over the failure of the tailings dam at its Omai gold mine has been dismissed by the Superior Court of Quebec.The suit, brought by the advocacy grou…
SUPPLIERS NEWS ROUNDUP — SGI, Mitsubishi form partnership
SGI International and Mitsubishi have signed an agreement to develop a joint-venture company specializing in the conversion of low-grade coal to oil and gas.The deal hinges on the further development …
Battle Mountain battles low gold prices
Despite considerable progress in cutting production costs, Battle Mountain Gold (BMG-N) posted a net loss of US$11.1 million (or 5 cents per share) for the quarter ended June 30.The loss, which includ…
Freeport achieves record throughput at Grasberg
As part of its “hunker down and go” program, Freeport-McMoRan Copper & Gold (FCX-N) is focusing on cutting costs and boosting production at its core operation, the giant Grasberg gold-copper mine in I…
MINING MARKET & INVESTMENT NEWS — Nebex deal in jeopardy
An inability to raise required financing has placed Nebex Resources (NBT-T) in breach of a definitive agreement to acquire the Munelle base metal concession in Albania.The Calgary-based junior was una…
MINING MARKET & INVESTMENT NEWS – INVESTMENT COMMENTARY — Anglogold leads the way in international gold sector
An African lion roared on Wall Street this summer to signal the arrival of Anglogold as the newest listing on the New York Stock Exchange. Simon Beardsmore, gold analyst with T. Hoare & Co., says the …
TSE SHORT POSITIONS (August 24, 1998)
Short positions outstanding at July 31, 1998Larger individual positions include: Barrick Gold 13,369,274, up 452,654; Birim Goldfields 0, down 129,500; Campbell Res 933,030, down 630,600; Greenstone R…
SPOT PRICES (August 24, 1998)
Wednesday Aug 19, 1998Price (US)Week’s ChangeGold*$285.75+$0.25Silver*$ 5.10…