Careers (November 09, 1998)
Placer Dome…
News
Semafo drops merger talks
A proposed merger between Semafo (SMF-T) and High Desert Mineral Resources (HDR-V) has gone off the rails.The parties were unable to reach an agreement with respect to the terms of their proposed busi…
EDITORIAL & OPINION — GEOLOGY 101 — MVT lead-zinc deposits, Part 2
Mississippi Valley-type (MVT) deposits are important producers of zinc and lead, with zinc production being dominant. Some deposits, such as that of Newfoundland Zinc Mines, have contained negligible …
EDITORIAL & OPINION — Education misstep warrants letter campaign — Save geology
We might understand if it had happened in New Jersey, or Hawaii, where little or no mining takes place. But we don’t understand why one of the most resource-rich regions of the world is shunning the d…
MINING MARKETS & INVESTMENT NEWS — Query — Some traders still short Rea Gold
I own a considerable number of shares of Rea Gold, which filed for bankruptcy last winter. In your Sept. 21 issue you stated that they shorted the gold market for 1,100,500 shares. How can they do tha…
TNK adds ground in Botswana
Toronto-based TNK Resources (TNKR-C) has secured a 3-year prospecting licence contiguous to its Gope diamond prospect in Botswana. The ground was relinquished by De Beers Consolidated Mines (DBRS-Q) i…
MINING MARKETS & INVESTMENT NEWS — Mining executives partake of light trading
Recent insider trading transactions reported in the Ontario Securities Commission’s OSC Bulletin include the following:Black Hawk Mining (BHK-T) — Pastor Torres Gurdian, executive of an affiliated co…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Toronto Stock Exchange rallies while gold slips
The good news: the Toronto Stock Exchange 300 index climbed 299.37 points during the report period Oct. 28-Nov. 3, to end the week at 6,296.51. The bad news: gold was devalued once again, dropping US$…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — VSE creeps past 400-level, ASE slopes skyward
The Vancouver Stock Exchange composite index, for the first time in weeks, has climbed above the 400-level. During the report period ended Nov. 3, the composite closed at 401.7, up 12.33 points, while…
METAL PRICES (November 09, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateNov. 3Nov. 2Oct. 30Oct. 29…
Results positive for La Teko
Metallurgical tests on an oxide sample from the the True North deposit in central Alaska have returned favorable results for La Teko Resources (LAO-T).The 50-ton sample consisted of material from both…
Ormonde eyes gold prospect
Ormonde Mining (OMP-V) has agreed to earn a half-interest in the Mgusu gold property in the Victoria Goldfields district of Tanzania.The property consists of two prospecting licences and three claim b…