Atna cries foul over proposed Yukon deal
BBy Michael AttenboroughIn a deal that could affect the development of the Wolverine massive sulphide deposit in the Yukon, Boliden (BOL-T) subsidiary Boliden Westmin has signed an agreement to deal i…
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Hungry Hill sulphides encourage Celtic, Jilbey
A compilation report on results from the Hungry Hill base metal prospect in Newfoundland’s Central mineral belt concludes that the prospect may represent the fringe of a volcanogenic massive sulphide …
MINING MARKETS & INVESTMENT NEWS — Canaccord sees strong year for Placer Dome
Larry Strauss of Canaccord Capital expects that Placer Dome (PDG-T) will have a strong 1998. Accordingly, the mining analyst is continuing to rate the company a buy.Strauss notes that the major plans …
MINING MARKETS & INVESTMENT NEWS — QUERY — Casmyn digs itself into a deep hole
I am a shareholder of Casmyn, a company traded on the Nasdaq Bulletin Board. The shares of the stock went from around US$4 to a few cents in a couple of months. The company issued a statement in Febru…
GREATEST VALUE TRADED, May 20-26
ExchgVal($000s)HighLowCloseChangeBarrick GoldT116…
SPOT PRICES (June 01, 1998)
Wednesday, May 27, 1998Price (US)Week’s ChangeGold*$292.60- $5.50Silver*$ 5.09…
NovaGold extends Murray Brook zone
Junior NovaGold Resources (NRI-T) has drilled another five new holes at its Murray Brook polymetallic property in northern New Brunswick.Each hole was collared to test the down-plunge extension of a l…
AMF completes Idas purchase
Texas-based America Mineral Fields (AMZ-T) has completed its previously announced purchase of Idas Resources, a private company with a 50% interest in two large diamond concessions in Angola.The revis…
METAL PRICES — Daily Metal Prices (June 01, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMay 26May 25May 22May 21May 20…
LME WAREHOUSE LEVELS (June 01, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at May 22/98 (change from May 18 in brackets):MetalStocks(tonnes)Change…
NEWS IN BRIEF (June 01, 1998)
Big I Developments (BID-V) has changed its name to Nustar Resources (NTR-V) on a 1-new-for-5-old-share basis.
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS –Dow and gold slide in tandem
The Dow Jones Industrial average continued its slow slide, finishing the May 20-26 report period down 90.92 points (1%) at 8,963.73. Trading was light because of the Memorial Day holiday May 25.All ma…