Philex remains in the red
Plummeting production at its Philippine gold operations continues to plague Philex Gold (PGI-T), with the junior reporting yet another quarterly loss.For the three months ended Sept. 30, Philex lost U…
News
BOOK REVIEW — Efforts of union organizer King recalled
Red Bait!:Struggles of a Mine Mill LocalBy Al King, with Kate BraidKingbird Publishing8096 Elliott StreetVancouver, B.C. V5S 2P2Red Bait!, written by Al King with the help of his editor and “vulgarity…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Barrick Gold insiders exercise options, sell shares
In September, eight executives of Barrick Gold (ABX-T) took advantage of the company’s resurgence in market value by collectively selling 643,100 shares.Charles Birchall, director, sold 160,000 shares…
Saskatchewan gold mine yields profits for Claude
The Seabee gold mine in Saskatchewan’s La Ronge district continues to generate operating profits for Claude Resources (CRJ-T).The Saskatoon-based company posted operating earnings of $1.8 million for …
GREATEST VALUE TRADED (November 16, 1998)
ExchgVal($000s)HighLowCloseChangePlacer DomeT4043…
MOST ACTIVE ISSUES (November 16, 1998)
ExchgVolume(000s)HighLowCloseChangePlacer DomeT16…
Meetings (November 16, 1998)
Nov. 16, IBI Nov. 16, Lytton Nov. 16, Wespac Nov. 17, Agau Nov. 17, Canmark Int’l Nov. 17, Gran Columbia Nov. 17, Orezone Nov. 17, Oro Nevada Nov. 17, Trivalence Nov. 17, X-Cal Nov. 18, Celestar Nov. …
NAME CHANGE (November 09, 1998)
Aranlee Resources (ARB-V) has changed its name to Southern Metals (SUH-V) on a 1-new-for-7-old-share basis.
Uranium Power expands in Canada
Colorado-based Uranium Power has signed a deal with the Canadian subsidiary of Phelps Dodge (PD-N) to pick up six uranium properties in northern Saskatchewan.The option deal will add 30,000 ha to Uran…
MINING MARKETS & INVESTMENT NEWS — Query — Some traders still short Rea Gold
I own a considerable number of shares of Rea Gold, which filed for bankruptcy last winter. In your Sept. 21 issue you stated that they shorted the gold market for 1,100,500 shares. How can they do tha…
Studies predict low costs at Kassandra projects — Capital cost to be defrayed by EU grants
Final feasibility studies on the Kassandra projects on the Khalkidiki Peninsula of northern Greece predict low production costs for the two mines.Consulting firm Kvaerner Metals has delivered a report…
TNK adds ground in Botswana
Toronto-based TNK Resources (TNKR-C) has secured a 3-year prospecting licence contiguous to its Gope diamond prospect in Botswana. The ground was relinquished by De Beers Consolidated Mines (DBRS-Q) i…