Winspear spins off exploration assets
Shareholders of Winspear Resources (WSP-V) have overwhelmingly approved plans to spin off all of the company’s early-stage exploration assets into a new company called Diamondex Resources. Winspear wi…
News
GREATEST VALUE TRADED, May 5-11, 1999
ExchgVal($000s)HighLowCloseChangeBarrick GoldT516…
Teck in bought deal
Teck (TEK-T) is issuing $150 million of new equity through an offering of 10 million units priced at $15 each.The financing is a bought deal by a syndicate led by First Marathon Securities and RBC Dom…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Mining index loses steam as composite gains
The Vancouver Stock Exchange composite index gained 1.07 points, or 0.2%, to finish the week ended May 11 at 451.24. The mining index, meanwhile, lost 4.10 points, or 1.27%, to close at 317.49.The com…
MOST ACTIVE ISSUES, May 5-11, 1999
ExchgVol(000s)HighLowCloseChangeAmericn GemT40601…
Echo Bay funds Minefinders
A private placement will see Echo Bay Mines (ECO-T) subscribe for up to 2 million units of Minefinders (MFL-T). Each unit will consist of one share and a warrant entitling the purchase of one-third of…
SPOT PRICES (May 17, 1999)
Precious MetalsPrice (US)ChangeGold$278.00-$7.50Silver$ 5.40+$0.10…
GOLD FUNDS (May 17, 1999)
Gold Funds as of May 6, 1999BGRCentralNet Value$15.185.81Price$10.10$5.50…
LME WHSE LEVELS (May 17, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at May 11/99 (change from May 4 in brackets):MetalStocks(tonnes)Change…
LETTER TO THE EDITOR — Ontario, how does your garden grow?
Election time is when promises are a dime a dozen and politicians dangle the proverbial carrot to attract as many voters as they can on the promise of a free snack. Prior to nibbling, one should look …
EDITORIAL & OPINION — NEW HORIZONS — A computer chip for what ails you
Scientists at the Massachusetts Institute of Technology have developed a microchip that can store and release drugs inside the body. The device relies on a gold cap that dissolves when a small current…
Lyon Lake finances Cerro Crucitas
Junior Lyon Lake Mines (LLL-V) has raised $1.3 million through a private placement of 4.2 million units priced at 32 cents each.A unit consists of one share and a half non-transferable share purchase …