MOST ACTIVE ISSUES (December 21, 1998)
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Articles by Northern Miner Staff
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — VSE holds its own as mining index edges ahead
The Vancouver Stock Exchange composite index held its ground during the report period ended Dec. 15, losing only 0.17 point to finish at 382.50. The mining index showed signs of life, tacking on 4.89 …
DIAMOND PAGE — Messina Diamond grapples for survival
Faced with financial difficulties and a depressed diamond market, Messina Diamond (MSC.U-T) is selling its Star operation in an effort to maintain production at its namesake mine.Both operations are i…
DIAMOND PAGE — Ashton finds more kimberlites in Alberta
A program of early winter drilling is proving auspicious for Ashton Mining of Canada (ACA-T), which has uncovered two more kimberlites in the Buffalo Hills region of north-central Alberta.The first of…
Southern Metals acquires Chilean ground
Having only recently acquired the Laja gold project in northern Chile, Fremont Gold (FGLD-O) is now joint-venturing the property to a second party.Arizona-based Southern Metals (SUH-V) will earn up to…
Barrick launches takeover bid for Argentina Gold
Barrick Gold (ABX-T) has announced its intention to buy all outstanding shares Argentina Gold (ARP-V) for $4 each.With about 35.6 million shares outstanding, the takeover bid is worth $142 million pro…
EDITORIAL & OPINION — GEOLOGY 101 — VMS deposits
Volcanic igneous rocks play a critical role in the formation of volcanogenic massive sulphide (VMS) deposits, which are important producers of copper, lead and zinc, as well as lesser amounts of gold …
PEOPLE — Bema Gold
Thomas Allen and Cole McFarland appointed directors.
TSE SHORTS (December 14, 1998)
Short positions outstanding at November 30, 1998Larger individual positions include: Abitibi-Consolidated 1,299,255, up 160,265; Alcan Aluminium 1,128,040, down 230,566; Asia Pacific Resources 132,700…
METAL PRICES (December 14, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateDec. 8Dec. 7Dec. 4Dec. 3…
INSIDER TRADING — Asia Pacific executives expand shareholdings
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin, include the following:Asia Pacific Resources (APQ-T) — John Darch, director, bought 38,500 share…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Investors look south as Labrador juniors slide
The Vancouver Stock Exchange composite index was off 10.41 points during the report period ended Dec. 8, closing at 382.67. The mining index followed suit, losing 8.96 points, or 3.1%, to finish at 28…