SPOT PRICES (October 05, 1998)
Wednesday September 30, 1998Price (US)Week’s ChangeGold*$294.10+$6.10Silver*$ 5.39…
News
MINING MARKETS & INVESTMENT NEWS — VSE composite, mining indices stand fast
Despite finishing the Sept. 29 report period on a downturn, western markets managed to hold on to some of the gains made earlier in the week. The Vancouver Stock Exchange composite index closed up 2.8…
NAME CHANGE (October 05, 1998)
Legion Resources (LGN-V) has changed its name to Earl Resources (ERL-V) on a 1-new-for-2-old-share basis.
GREATEST VALUE TRADED (October 05, 1998)
ExchgVal($000s)HighLowCloseChange.ZSBarrick GoldT…
Companies (October 05, 1998)
Aber ResourcesAfrican GemstonesAlberta EnergyAllican ResourcesAmerican CopperAmeridex MineralsApex Silver MinesArchangel DiamondAriel ResourcesAsarcoAshton Mining of CanadaAsia SapphiresAt…
MINING MARKETS & INVESTMENT NEWS — Golds flex muscle in jittery markets
Attention during the report period Sept. 23-29 was focused on Washington, D.C., where the U.S. Federal Reserve Board dropped the influential federal-funds rate to 5.25% from 5.5%. The move was designe…
METAL PRICES (October 05, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateSept. 29Sept. 28Sept. 25Sept…
Meetings (October 05, 1998)
Oct. 7, Tapestry Oct. 8, Contintal Res. Oct. 8, Talisman Oct. 9, Cons. Alliance Oct. 9, Lassie Red Lake Oct. 9, Tiger Oct. 13, Icelandic Oct. 13, Tullaree Oct. 14, Loubel Oct. 14, Mar-West Oct. 14, Un…
WBH nets Inmet $50m
At a recent auction, Inmet Mining (IMN-T) sold its wholly owned Austrian tungsten producer Wolfram Bergbau-und Hutten (WBH) to a private European holding company. In return, the Toronto-based company …
Noranda spinoff pleases taxman
A positive tax ruling by Revenue Canada is allowing Noranda (NOR-T) to complete the divestment of its forestry and energy assets.Last year, Noranda changed its strategy by deciding to focus solely on …
EDITORIAL & OPINION — GEOLOGY 101 — Sedex massive sulphide deposits, Part 2
Sedementary exhalative deposits grade between 4% and 30% combined lead and zinc, with tonnages of up to 200 million tonnes. The giant deposits at Sullivan, in British Columbia, contained 170 million t…
Timmins camp bustling with exploration activity
Commodity prices may be down, but encouraging exploration results are giving cheer to several juniors exploring in the Timmins region of northern Ontario.At the Half Moon Lake project, Prospectors All…