MOST ACTIVE ISSUES (August 10, 1998)
ExchgVol(000s)HighLowCloseChangeCasmyn Corp *Q267…
News
NEWS IN BRIEF (August 10, 1998)
Fleck Resources (FLK-V) has changed its name to Polymet Mining (POM-V).
GOLD FUNDS (August 10, 1998)
Gold Funds as of July 30, 1998BGRCentralNet Value$13.81$6.18Price$10.20$5…
Skyline arranges placement
Junior International Skyline Gold (SK-T) has arranged a private placement of 500,000 units priced at 20 cents each and up to 500,000 flow-through shares at the same price.A unit consists of one share …
DIAMOND PAGE — Diagem finances Brazilian drilling
Intent on financing exploration of its diamond properties in Brazil, Diagem International Resource (DGM-V) has negotiated a private placement worth $500,000.The financing consists of 2.8 million units…
Ashanti triumphs over power crunch
Despite being pinched for power, Ashanti Goldfields (ASL-N) posted record production and lower costs during the second quarter.An ongoing drought in Ghana severely limited power for the company’s mine…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS –Toronto market falls sharply in broad selloff
The Toronto Stock Exchange took a beating over the report period July 29-Aug. 4 as markets around the world saw bears emerging from their dens.The TSE 300 composite index fell 363.51 points over the f…
High grades add to Edwards’ potential
High-grade gold is always a boon to a producing mine, as appears to be the case for VenCan Gold (VCG-M), which owns the Edwards gold mine near Wawa, Ont.The underground mine is operated by River Gold …
Etruscan hits gold at Datambi property
Junior Etruscan Resources (EET-T) has received encouraging results from reverse-circulation drilling at its Datambi permit in eastern Burkina Faso.The first 17 holes of a 2,000-metre program that test…
Index (August 10, 1998)
CareersClassifiedCommentaryDiamond PageDrillersEarningsEditorialInsider TradingInvestment CommentaryMarket PlaceMetal PricesMining Markets and Investment NewsNew HorizonsPeopleProfessional DirectorySt…
Cambior achieves record gold production
Montreal-based Cambior (CBJ-T) enjoyed a solid second quarter, thanks in large part to strong performances from its Doyon and Omai gold mines.For the 3-month period ended June 30, the company posted r…
North options gold property
Australian-based North Ltd. intends to acquire up to a 70% interest in the Tanda gold project in eastern Ivory Coast.The company can earn an initial 60% stake in the 832-sq.-km property from Golden St…