Kinbauri Gold wins legal dispute with Iamgold
An Ontario judge has ruled in favour of Kinbauri Gold (KNBR-C) for the liability portion of the junior company’s dispute with Iamgold (IMG-T).In 1990, Kinbauri and Imagold had planned to amalgamate, b…
News
Pacific Rim drilling Fantasma
Pacific Rim Mining (PFG-T) is drill-testing the Fantasma gold project in northwestern Argentina.The 2,000-metre, reverse-circulation program will test three telluric-electromagnetic anomalies. The mos…
DIAMOND PAGE — Akrokeri expands plant
Toronto-based Akrokeri-Ashanti Gold Mines (AAGM-C) has expanded and relocated its processing plant at the Esaase property in Ghana, West Africa.In 1988, the company produced 35,122 oz. gold at the Bon…
GREATEST VALUE TRADED, May 26-June 1
ExchgVal($000s)HighLowCloseChangeAlcoa*N542687…
Asia Pacific strikes deal with fertilizer giant
The Asian subsidiary of Norway’s Norsk Hydro ASA (NHY-N) has reached an agreement to acquire a 20% joint-venture interest in the proposed Somboon potash mine project in northeastern Thailand.Vancouver…
CORRECTION (June 07, 1999)
A report on the Duval-Boudreault property near Val d’Or, Que., contained incorrect information about the size of a geophysical target being drilled by Moss Resources (MRS-T) (T.N.M., May 24/99). The C…
LME WHSE LEVELS (June 07, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 1/99 (change from May 25 in brackets):MetalStocks (tonnes)Change…
GOLD FUNDS (June 07, 1999)
Gold Funds as of May 28, 1999BGRCentralNet Value$13.235.44Price$8.75$5.45…
SPOT PRICES (June 07, 1999)
Precious MetalsPrice (US$/oz.)ChangeGold*$267.05-$4.65Silver$ 4.98-$0.07…
PRECIOUS METALS — Laronde development on fast track
Having endured yet another quarterly loss, mid-tier gold producer Agnico-Eagle Mines (AGE-T) is forging ahead with expansion plans at its Laronde mine in northwestern Quebec.For the 3-month period end…
TVX advances Olympias gold project
Good news keeps pouring in for TVX Gold (TVX-T). The Toronto-based company has received a pre-approval permit for its Olympias polymetallic project in Greece, paving the way for completion of an envir…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Bullish traders await results from Winspear
The Vancouver Stock Exchange composite index lost 9.41 points, or 2%, to finished the holiday-shortened report period ended May 25 at 457.64. The mining index dipped 4.54 points, or 1.4%, to close at …