African nations set standards
A new agreement among 16 West and Central African nations will benefit the business practices of western mining companies operating in the region, according to Price Waterhouse.The Organization for th…
News
MOST ACTIVE ISSUES, June 23-29
ExchgVol(000s)HighLowCloseChangeWinspear ResV2076…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow Industrial retests 9,000 mark
The Dow Jones Industrial average was up 168.90 points (or 1.9%) over the report period June 24-29 to close at 8,997.36 in pre-holiday trading.Mining issues were mixed, with a few more losers than gain…
DIAMOND PAGE — Seahawk nabs Brazilian emerald play
In a departure from its focus on gold exploration, Seahawk Minerals (SKM-V) has acquired an emerald property in Brazil.The company is putting together a land package south of Belo Horizonte in Minas G…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Snap Lake drilling piques investors’ interest in Winspear
The Vancouver Stock Exchange composite index remained relatively unchanged over the holiday-shortened report period of June 24-29, slipping just one-fifth of a point to close at 532.24. The mining ind…
Radisson uncovers gold-bearing veins
Drill results from the O’Brien gold property in Quebec’s Cadillac Twp. are stimulating the exploration efforts of Radisson Mining Resources (RDS-M).The junior is earning a half-interest in the past pr…
Ateba enters environmental business
Though still committed to diamond exploration in California, Ateba Mines (ABM-A) has entered the environmental cleanup business through a newly acquired subsidiary, Claytech Environmental Services.Ate…
DIAMOND PAGE — Poplar, partner to develop past producer
Poplar Resources (PPX-V) and its partner have been granted a mining permit to begin operations at the Aardvark diamond projectin South Africa’s Orange Free State.The permit, which was granted to Popla…
Aur holds steady despite weak metals market
Earnings of Aur Resources (AUR-T) fell during the first quarter, but the company managed to post a profit despite slumping base metal prices.Aur earned $400,000 (or 1 cents per share) on revenue of $2…
METAL PRICES — Daily Metal Prices (July 06, 1998)
BASE METALS (London Metal Exchange-Midday official cash prices in US$ per tonne)DateJune 30June 29June 26June 25…
Royal Gold assumes control of Greek exploration project
Royal Gold (RGLD-Q) has taken control of the Milos gold project in Greece following the termination of an agreement with an Australian investor group.In March of this year, Royal announced an agreemen…
Meetings (July 06, 1998)
July 6, Bravo GoldJuly 6, Petra extraordinaryJuly 6, Roxwell GoldJuly 7, First Canadian GoldJuly 7, DumontJuly 7, HucampJuly 7, MidasJuly 7, TrincanaJuly 7, OlympicJuly 8, BonaventureJuly 8, CansparJu…