TSE INDICES (December 21, 1998)
1998Dec. 15Dec. 14Dec. 11Dec. 10Dec. 9HighLowComp…
News
METAL PRICES (December 21, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateDec. 15Dec. 14Dec. 11Dec. 10…
Southern Metals acquires Chilean ground
Having only recently acquired the Laja gold project in northern Chile, Fremont Gold (FGLD-O) is now joint-venturing the property to a second party.Arizona-based Southern Metals (SUH-V) will earn up to…
PRODUCER & DEALER PRICES (December 21, 1998)
Aluminium: LME settlements US$1,216, alloy US$1,037 per tonne (Dec. 15/98).Antimony: Representative mid-market US$1,295 per tonne (Dec. 1/98).Bismuth: Representative mid-market US$3.20 per lb. (Dec. 1…
INVESTMENT COMMENTARY — Weak junior resource market takes shine off Minefinders
Despite an updated resource estimate and a positive scoping study, the share price of Minefinders (MFL-T) has not kept step with the improving fundamentals of its Dolores gold-silver project in west-c…
DIAMOND PAGE — CORRECTION (December 21, 1998)
Our Insider Trading report of Dec. 7 reported that Robert Friedland had indirectly acquired 17.31 million shares in First Dynasty Mines (FDM-T) at 40 cents by converting an equivalent number of debent…
Beaufield drills near Ottawa
On the belief that the past-producing Calumet mine near Ottawa has undiscovered extensions, Beaufield Consolidated Resources (BFD-V) has agreed to acquire an interest in two adjoining properties.Immed…
Index (December 21, 1998)
Jan. 20 Canadian Mining Hall of Fame — “11th Annual Induction Banquet.” Royal York Hotel, Toronto. Contact Christine Giovis. Tel: (416) 510-6843. Fax: (416) 442-2181.Jan. 20-21 McGill University (Dep…
La Camorra mine making long climb back
Less than a year ago, the La Camorra gold mine in eastern Venezuela looked like an expensive hobby.Operating losses and poor production at the mine had left operator Monarch Resources (MRE-T) with lit…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — TSE suffers mild setback, gold producers gain
The Toronto Stock Exchange 300 index fell 163.1 points during the report period Dec. 9-15, ending the week at 6,236.67.Gold producers regained some investor confidence, as the gold and precious metals…
NAME CHANGE (December 21, 1998)
Consolidated Sarabat Gold (CSB-V) has changed its name to CSG Resources (CSG-V) on a 1-new-for-3-old-share basis.
Radisson aims to buy gold deposits in Quebec
Under a letter-of-understanding with partner Breakwater Resources (BWR-T), Radisson Mining Resources (RDS-M) plans to purchase sole ownership of the O’Brien gold property and the adjacent Kewagama cla…