GOLD FUNDS (June 08, 1998)
Gold Funds as of May 28, 1998BGRCentralNet Value$15.07$5.84Price$11.75$5.
News
Nelson Gold profits from expansion of Jilau
Expansion of the Jilau gold mine in northwestern Tajikistan enabled Nelson Gold (NLG-T) to ring up $214,000 in profits (or 3 cents per share) in the first quarter, compared with $387,000 (5 cents per …
MINING MARKETS & INVESTMENT NEWS — Royal Oak’s performance worries analyst
Mining analyst Roger Chaplin of T. Hoare & Co. describes the 1997 results of Royal Oak Mines (RYO-T) as “disastrous” and sees little upside for the beleagured gold producer.Chaplin is not encouraged t…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Asia Pacific insiders unload shares
Recent issues of the Ontario Securities Commission’s OSC Bulletin show insiders of Asia Pacific Resources (APQ-T) were actively buying and selling its shares in March and April.Crew Holdings, holder o…
SPOT PRICES (June 08, 1998)
Wednesday June 3, 1998Price (US)Week’s ChangeGold*$293.35+ $0.75Silver*$ 5.19…
MINING MARKETS & INVESTMENT NEWS – INVESTMENT COMMENTARY — Bulyanhulu considered one of world’s best
Graeme Currie, mining analyst for Canaccord Capital, has issued a “speculative buy” recommendation for Sutton Resources (STT-V) based on the growing resource at the company’s Bulyanhulu gold deposit i…
Gitennes steps out on Alumbre
Stepout drilling on the Alumbre zone continues to suggest to Gitennes Exploration (GIT-T) the existence of significant exploration upside on the Virgen property in north-central Peru.The company relea…
Black Hawk completes Triton merger
The merger deal between Triton Mining (TTM-T) and Black Hawk Mining (BHK-T) has closed.The two companies had agreed earlier this year to amalgamate, share-for-share, with Triton becoming Black Hawk’s …
MINING MARKETS & INVESTMENT NEWS — QUERY — Golden Eagle a rare bird in gold mining
Has your paper ever done an article on Golden Eagle International? It supposedly has found 6 million oz. gold minimum, 157 million oz. potentially.Is this find true, or another Bre-X? You’d figure tha…
Meetings (June 08, 1998)
June 8, DalmationJune 8, Grange GoldJune 8, Int’l CapriJune 8, Rio Narcea.June 9, Big BearJune 9, BijouJune 9, Crown ButteJune 9, Mineral ResourcesJune 9, Newhawk Gold.June 9, NearyJune 9, ProfcoJune …
Resource outlined at Sierra Azul
Junior Stratabound Minerals (SB-A) has calculated a resource for the past-producing Sierra Azul lead-zinc property in Mexico’s Coahuila state.A preliminary resource of 700,000 tonnes grading 9.22% zin…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — High-flyer St. Jude comes back to earth
The Vancouver Stock Exchange composite index lost 14.42 points, or 2.4%, to close the report period ended June 2 at 588.79. The mining index followed suit, slipping 15.7 points, or 3.4%, to finish at …