Aurizon buys gold mine
With three drills on surface and three underground, Aurizon Mines (ARZ-T) will carry out a 5,000-metre program aimed at boosting reserves and reviving the dormant Casa Berardi gold mine in northern Qu…
News
GREATEST VALUE TRADED (September 21, 1998)
ExchgValue($000s)HighLowCloseChangeBarrick GoldT2…
Dayton works to reverse falling profits
Higher costs and lower production have driven Dayton Mining (DAY-T) deeper into the red.For the three months ended June 30, the company lost $3.9 million (or 13 cents per share) on revenue of $8.9 mil…
Deals to boost Armenian minerals sector
The Armenian minerals sector is getting a boost by way of a new diamond processing partnership and a cash injection for the copper industry from the Chinese government.The Diamond Company of Armenia w…
MINING MARKET & INVESTMENT NEWS — U.S. MARKETS — Wall Street on rocky road
After a rocky report period (Sept. 9-15), the Dow Jones industrial average ended fractionally higher. The average dived during the first half of the period, losing several hundred points, only to reco…
MINING MARKET & INVESTMENT NEWS — QUERY — No news is bad news for holder of de-listed shares
It would help if you could tell me what has happened to the following companies: Greater Laurier Uranium Mines (formerly Mont Laurier Uranium Mines), Newfields Minerals (which, at one point, was to be…
Indochina develops Monywa
With the Bakyrchik gold project on hold pending optimization studies and restructuring of an agreement with the government of Kazakstan, Indochina Goldfields (ING-T) is focusing on improving the econo…
METAL PRICES (September 21, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateSept. 15Sept. 14Sept. 11Sept…
SPOT PRICES (September 21, 1998)
Wednesday September 16, 1998Price (US)Week’s ChangeGold*$289.15+$5.00Silver*$ 4.95…
MINING MARKET & INVESTMENT NEWS — WESTERN MARKETS — VSE edges down; combined value ASE gains
The Vancouver Stock Exchange composite index edged down 1.34 points, or 0.3%, to finish the Sept. 9-15 period at 407.05. The mining index lost 4.67 points, or 1.6%, to close at 281.85.The combined val…
MINING MARKET & INVESTMENT NEWS — EASTERN MARKETS — TSE falls while resource markets mixed
The Toronto Stock Exchange experienced a broad trading range over the Sept. 9-15 report period, with the 300 index shedding 120.01 points to end at 5,857.04.Resource stocks were mixed, with the gold a…
Homestake sweetens deal for Prime Resources
Homestake Mining (HM-N) has upped the ante for the remaining 49.6% of Prime Resources (PRU-T).According to an agreement reached by the board of directors of each company, Homestake will grant Prime’s …