Dayton chairman responds to shareholder revolt
In a letter to shareholders, Chairman Roland Horst described Dayton Mining (DAY-T) as being “on the right course,” and asked for support against a challenge posed by minority shareholder Manchester Se…
News
NEVADA AND THE WESTERN STATES — Twin Gold revises lease at Atlanta project in Idaho
Twin Gold Resources (TWG-T) has renegotiated the terms of its lease on the properties comprising its Atlanta gold project near Boise, Idaho.Operator Twin Gold holds an 80% interest in Atlanta, with Qu…
Meetings (June 15, 1998)
June 15, ApacJune 15, AsquithJune 15, CapellaJune 15, ComaplexJune 15, ComstateJune 15, Curran BayJune 15, Ecu Gold .June 15, GladiatorJune 15, IGF MetalsJune 15, Int’l FreegoldJune 15, Phrygian Minin…
ODDS ‘N’ SODS — Beneath the snows of BC
.BS.J. HunterMisfortune has befallen many mining ventures, among them the Granduc mine in British Columbia. In February 1965, a massive avalanche engulfed the Leduc campsite, forcing Granduc project m…
GREATEST VALUE TRADED (June 15, 1998)
ExchgVal($000s)HighLowCloseChangeBarrick GoldT281…
NEVADA AND THE WESTERN STATES — Prism, Eastfield expand Tonopah
Partners Prism Resources (PRN-V) and Eastfield Resources (ETF-V) have expanded their Tonopah gold property in south-central Nevada.The partners picked up eight patented claims from Echo Bay Mines (ECO…
MINING MARKETS & INVESTMENT NEWS — Anvil Range hammered by metal prices
As a shareholder of Anvil Range Mining, I am wondering if you can tell me what has happened since its bankruptcy protection expired. It was granted a 10-day extension in mid-April 1998, but I have not…
METAL PRICES — Daily Metal Prices (June 15, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateJune 9June 8June 5June 4June 3…
MINING MARKETS & INVESTMENT NEWS — TSE drops Dakota Mining, welcomes Platexco
Trading in Dakota Mining has been halted on the Toronto Stock Exchange (TSE) as a result of the company’s failure to file its annual financial statements.The Denver-based company has been battling ins…
Canyon Resources trims debt
Colorado-based Canyon Resources (CAU-X) has unwound a hedge position in order to repay debt from the Briggs gold mine in southeastern California.The company generated US$11 million in cash by repurcha…
Newmont sees gold output rise while production costs and profits fall
Newmont Gold (NGC-N) ranked among the world’s largest and lowest-cost gold producers in 1997, but first-quarter results indicate that the company may surpass last year’s achievements.Newmont Mining (N…
Junior funds work in Colombia
Conquistador Mines (CMG-V) has closed a private placement with Haywood Securities consisting of 2 million units at 75 cents each, for gross proceeds of $1.5 million.Each unit consists of one share and…