NEWS IN BRIEF (June 08, 1998)
George Resource (GGP-V) has changed its name to Rocca Resources (RRL-V) on a 1-new-for-10-old-share basis.
News
Index (June 08, 1998)
CareersClassifiedDiamond PageDrillersEditorialFacts ‘n’ FiguresGeology 101Insider TradingInvestment CommentaryMergers & AcquisitionsMetal PricesMining Markets and Investment NewsProfessional Directory…
Minorco, Triarx expand in PNG
Resource giant Minorco (MNRC-Q) and junior Triarx Gold (TXTX-C) have expanded their joint gold-copper exploration program in Papua New Guinea.The original joint-venture agreement, announced in July 19…
Greenstone moves into black in first quarter
Greenstone Resources (GRE-T) is continuing its drive towards opening four mines in Central America in just three years. And, having nearly doubled its mining revenues over the past year, the company m…
Ag Armeno takes up option on Batu Hijau
In an agreement with Indonesian industrialist Jusuf Merukh, Ag Armeno Mines & Minerals (AGM-V) has taken an option to buy an 18% interest in the Batu Hijau gold deposit on Sumbawa Island in Indonesia….
Borneo Gold begins drilling at Bunut
Toronto-based Borneo Gold (BNO-V) has begun an initial 5,500-metre diamond drilling program at its Bunut gold project in West Kalimantan, Indonesia.The company holds a 90% interest in a seventh genera…
Yamana expands Lejano discovery
Yamana Resources (YRI-T) reports that new assay results from drilling in Patagonia have extended the area of known mineralization at the Lejano silver-gold prospect, part of Yamana’s Santa Cruz projec…
Oroperu looks to enhance Nueva Condor
Oroperu Resources (OROP-C) has reported encouraging operating results from its recently acquired Nueva Condor polymetallic mine, near Lima, Peru.The operation entered production in early 1998 and earn…
Laramide finances program
Toronto-based Laramide Resources (LAM-T) will finance exploration work on its Bilbao polymetallic property in central Mexico by drawing on funds raised in a private placement.Proceeds of $300,000 will…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow and gold continue slide
The Dow Jones Industrial average lost 72.49 points, or 0.8%, during the May 27-June 2 report period to close at 8,891.24. Gold producers also lost ground as the price of the yellow metal continued to …
Companies (June 08, 1998)
Ag Armeno Mines & MineralsAlberta EnergyAmerican Bullion MineralsAnglo AmericanArchon MineralsAshton Mining of CanadaAsia Pacific ResourcesAvminBlack Hawk MiningBMR GoldBorneo GoldBroken Hill Propriet…
London silver fix procedure altered
For the first time since its establishment in the 1890s, the London silver fix has undergone significant procedural changes.The changes, which took effect June 1, stipulate that all orders are to be c…