Manalta votes in favor of improved bid
The battle for Manalta Coal appears to be winding down following the company’s recommendation that unit-holders accept a revised bid from rival Luscar Coal.Under advisement from RBC Dominion Securitie…
News
EDITORIAL & OPINION — VSE policy not in public interest — Dissemination deal a dud
The Vancouver Stock Exchange is getting battered by more than low gold prices and investor indifference toward the junior mining companies that make up the majority of its listings. The venture capita…
LETTER TO THE EDITOR — Press reports hurt Eldorado share performance
I have been a subscriber to The Northern Miner for 35 years. I have always read your publication to remain informed of the ever-changing North American mining industry.As you are generally factual and…
Bulk sampling adds lustre to Snap Lake
Over the course of the past two years, Winspear Resources (WSP-V) has encountered a complex kimberlite dyke and breccia system in and around Snap Lake at the Camsell Lake property within an area measu…
MINING MARKET & INVESTMENT NEWS — QUERY — Redaurum investment deemed speculative
Shareholders of Redaurum are being asked to vote in favor of a proposed amalgamation with Remick Investments, which will entail issuing more than 1.7 billion Redaurum shares to Remick, then consolidat…
LATIN AMERICA — Monarch improves performance of Venezuelan mine
Staying the course in Venezuela after the short-lived gold rush of the late 1980s may yet pay off for Monarch Resources (MRE-T), operator of the La Camorra gold mine in Bolivar state.Despite the curre…
SPOT PRICES (September 07, 1998)
Wednesday September 2, 1998Price (US)Week’s ChangeGold*$280.00-$2.50Silver*$ 4.85…
Post-merger Kinross launches mine review
The recently completed merger with Amax Gold has provided a dramatic boost in revenue for Kinross Gold (K-T), as well as a larger stable of mines to manage. With gold prices at near-record lows, the T…
LME WHS LEVELS
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug. 31/98 (change from Aug. 25 in brackets):MetalStocks(tonnes)Change…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Global markets take roller-coaster ride
Markets around the world were rocked during the Aug. 26-Sept. 1 report period as trading sessions saw maximum volatility and volume.Jittery North American markets sunk several percentage points on Aug…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — A bloody week on Wall Street
The Dow Jones Industrial average lost 512 points on Aug. 31, its second-largest point drop in history. A rally the following day salvaged some of the damage as the Dow posted a 775-point loss, or 9%, …
GOLD FUNDS (September 07, 1998)
Gold Funds as of August 27, 1998BGRCentralNet Value$12.16$6.01Price$8.55$…