Great Basin seeks funds for Nevada properties
Great Basin Gold (GBG-V) has arranged a $5-million financing with First Marathon Securities and Nesbitt Burns.The money will be raised through the sale of 2.5 million special warrants priced at $2 per…
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METAL PRICES -Daily Metal Prices
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMay 12May 11May 8May 7May 6…
Madison raises $10 million for Papua New Guinea exploration
Madison Enterprises (MNP-V) has arranged a bought-deal private placement with Yorkton Securities to generate gross proceeds of $10 million.The investment dealer has agreed to purchase just under 5.3 m…
MINING MARKETS AND INVESTMENT NEWS — Treminco raises funds for Elkhorn
Among the juniors raising funds for work programs is Aur Resources (AUR-T), which has privately placed $250,000 with Patricia Mines (PAT-V).Patricia will use the money to explore its Island Gold proje…
QUERY — Scintilore toughs it out in court
I was wondering if you have any information on a company called Scintilore Explorations. I was wondering what kind of projects the company is involved with, and where it is currently exploring.Toronto…
New zone at Callinan mine spells good news for HBM&S
A new zone has boosted resources at the Callinan polymetallic mine of Hudson Bay Mining & Smelting (HBM&S), near Flin Flon, Man., the company has reported.Total resources at the new zone, dubbed the T…
Canada co-operates with Chile
Canada and Chile have agreed to work together on efforts aimed at the sustainable development of minerals and metals. A memorandum of understanding on the issue is expected to be signed by the two cou…
EDITORIAL — ME advocates “competent person” rule — Making the most of milestones
Several anniversaries relevant to the mining industry — some more pleasant than others — came and went during the first week of May.The first anniversary of the unmasking of Bre-X Minerals’ fool’s g…
MINING MARKETS AND INVESTMENT NEWS — INSIDER TRADING — Caisse sells large Sherritt holding
Recent insider trading reports released by the Ontario Securities Commission show that Quebec-based investment fund Caisse de Dpot et Placement du Qubec sold a significant block of shares in nickel …
GOLD FUNDS (May 18, 1998)
Gold Funds as of May 7, 1998BGRCentralNet Value$15.79$6.18Price$12.25$5.8…
MINING MARKETS AND INVESTMENT NEWS – WESTERN MARKETS — South Voisey’s Bay juniors’ stock slips as drilling starts
The Vancouver Stock Exchange composite index slid 7.28 points, or 1.2%, to close the May 6-12 report period at 623.83. The mining index followed suit, losing 13.67 points, or 2.8%, to close at 474.97….
MINING MARKETS AND INVESTMENTS NEWS — Investment Commentary — Cumberland deposits get nod from Wolverton
A research report by Tracy Hurley, mining analyst for Wolverton Investment Services, describes Cumberland Resources (CBD-T) as “undervalued” and a “speculative buy.”The report focuses on Cumberland’s …