U.S. markets — Stocks mixed as Dow rebounds
The Dow Jones Industrial average erased its losses from last week to end the report period of April 29-May 5 up 248.61 points (or 2.8%). The average tested the 9,200-mark earlier in the week, only to …
Articles by Northern Miner Staff
METAL PRICES – Daily Metal Prices (May 11, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMay 5May 4May 1Apr. 30Apr. 29…
MINING MARKETS AND INVESTMENT NEWS — Western markets — Bad exploration news hits Winspear share price
The Vancouver Stock Exchange mining index reflected a lacklustre performance in precious and base metal prices, slipping 1.37 points, or 0.3%, to close at 488.64 over the April 29-May 5 report period….
Mixed results mark Breakwater’s quarter
The recent downturn in lead and zinc prices affected the first-quarter earnings reported by Breakwater Resources (BWR-T).The Toronto-based company earned $1.6 million (or 2cents per share) in the 3-mo…
Redaurum scoops up mining assets
Toronto-based Redaurum (RRK-T) is acquiring the assets of Centenary Investments and, toward that end, will complete a private placement of up to $12 million.The assets, valued at $160 million, consist…
Meetings (May 11, 1998)
May 11, CochiseMay 11, GlobexMay 11, Huldra SilverMay 11, New Venero GoldMay 11, Silverado GoldMay 11, Southern Africa MineralsMay 11, Vista GoldMay 11, Windy MountainMay 12, Barrick GoldMay 12, Condo…
Nasdaq boots “desert dirt”
Shares of International Precious Metals (IPMC-C) have been delisted from the Nasdaq SmallCap Market after regulators raised concerns about the “adequacy” of the company’s disclosure during the 18-mont…
Newcrest buys into Argentine gold play
Australia’s Newcrest Mining is acquiring a controlling stake in the Canada Onda gold property in central Argentina from Solitario Resources (SLR-T).The Aussie miner can earn up to a 60% interest in th…
Banks topic of CIM lunch
Central banks and the international gold market will be the focus of the next luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), to be held May 21 at 1…
Low costs salvage profit for Aur
The smooth operation of two low-cost mines enabled Aur Resources (AUR-T) to turn a fourth-quarter profit in the face of lower copper and zinc prices.Aur reported earnings of $377,000 (or 1 cent per sh…
GREATEST VALUE TRADED, April 29-May 5
ExchgValue ($000s)HighLowCloseChangeBarrick GoldT…
Index (May 11, 1998)
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