At a special meeting in mid-August, shareholders of Mispec Resources (MPE-M) voted to issue 20 million shares, thereby boosting ownership of the company’s Indonesian gold properties.Once completed, Mi…
In recent months, the Vancouver Stock Exchange indices have been wandering deeper and deeper into bear territory. The trend continued during the report period ended Aug. 18: the composite index lost 7…
A class action suit brought against Cambior (CBJ-T) over the failure of the tailings dam at its Omai gold mine has been dismissed by the Superior Court of Quebec.The suit, brought by the advocacy grou…
SGI International and Mitsubishi have signed an agreement to develop a joint-venture company specializing in the conversion of low-grade coal to oil and gas.The deal hinges on the further development …
Despite considerable progress in cutting production costs, Battle Mountain Gold (BMG-N) posted a net loss of US$11.1 million (or 5 cents per share) for the quarter ended June 30.The loss, which includ…
As part of its “hunker down and go” program, Freeport-McMoRan Copper & Gold (FCX-N) is focusing on cutting costs and boosting production at its core operation, the giant Grasberg gold-copper mine in I…
An inability to raise required financing has placed Nebex Resources (NBT-T) in breach of a definitive agreement to acquire the Munelle base metal concession in Albania.The Calgary-based junior was una…
An African lion roared on Wall Street this summer to signal the arrival of Anglogold as the newest listing on the New York Stock Exchange. Simon Beardsmore, gold analyst with T. Hoare & Co., says the …
Short positions outstanding at July 31, 1998Larger individual positions include: Barrick Gold 13,369,274, up 452,654; Birim Goldfields 0, down 129,500; Campbell Res 933,030, down 630,600; Greenstone R…
Wednesday Aug 19, 1998Price (US)Week’s ChangeGold*$285.75+$0.25Silver*$ 5.10…
Gold Funds as of Aug 13, 1998BGRCentralNet Value$12.86$5.90Price$9.50$5.6…
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)1998Aug. 18Aug. 17Aug. 14Aug. 13…
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