MOST ACTIVE ISSUES, May 5-11, 1999
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Articles by Northern Miner Staff
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Mining index loses steam as composite gains
The Vancouver Stock Exchange composite index gained 1.07 points, or 0.2%, to finish the week ended May 11 at 451.24. The mining index, meanwhile, lost 4.10 points, or 1.27%, to close at 317.49.The com…
Teck in bought deal
Teck (TEK-T) is issuing $150 million of new equity through an offering of 10 million units priced at $15 each.The financing is a bought deal by a syndicate led by First Marathon Securities and RBC Dom…
GREATEST VALUE TRADED, May 5-11, 1999
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Winspear spins off exploration assets
Shareholders of Winspear Resources (WSP-V) have overwhelmingly approved plans to spin off all of the company’s early-stage exploration assets into a new company called Diamondex Resources. Winspear wi…
Index (May 17, 1999)
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Rapu Rapu advances to feasibility stage
Australian-based Lafayette Mining is proceeding with a preliminary feasibility study at the Rapu Rapu polymetallic project in the Philippines.The company heads up a group that can earn a 75% interest …
SUPPLIERS NEWS ROUNDUP — US coal miners reap benefits
Miners in North Dakota are the best-paid in the U.S. coal industry, according to a study by a Spokane, Wash.-based engineering firm.Western Mine Engineering found that miners at the state’s four large…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Falling gold wipes out gains
The Dow Jones industrial average climbed 140.04 points, or 1.3%, to 11,026.15 during the report period ended May 11.Heavy trading marked the week as the bottom fell out of the gold price after the Bri…
Gammon takes bulk sample
With results in hand from a bulk-sampling program, Gammon Lake Resources (GAML-C) is gearing up for a 1,000-metre drilling program at its Brenda mine property in Mexico’s Chihuahua state.Earlier this …
EDITORIAL & OPINION — ODDS ‘N’ SODS — Many mineros poor but happy
The following is the third in a series of articles in which the author, an exploration geologist based in Delta, B.C., recounts his experiences working in the jungles of Venezuela in the late 1980s an…
EDITORIAL & OPINION — Labour needs a new agenda — Us and them
Canadians and Americans are different in one major way, a visiting foreign businessman once observed. South of the 49th Parallel, the American Dream — the notion that Joe Average can become Top Dog t…