MOST ACTIVE ISSUES (September 07, 1998)
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News
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Global markets take roller-coaster ride
Markets around the world were rocked during the Aug. 26-Sept. 1 report period as trading sessions saw maximum volatility and volume.Jittery North American markets sunk several percentage points on Aug…
PRODUCER & DEALER PRICES (September 07, 1998)
Aluminium: LME settlements US$1,355, alloy US$1,160 per tonne (Sept. 1/98).Antimony: Representative mid-market US$1,250 per tonne (Aug. 25/98).Bismuth: Representative mid-market US$3.45 per lb. (Sept….
METAL PRICES (September 07, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateSept. 1Aug. 31Aug. 28Aug. 27…
Rex reports discovery in Mauritania
A sampling program by Rex Diamond Mining (RXD-T) has resulted in the discovery of two diamonds found in two samples at the El Hammami lease in northern Mauritania.The samples were taken as part of a s…
Claude cuts costs at Seabee
A cost-cutting program has enabled Saskatoon-based Claude Resources (CRJ-T) to report a 25% reduction in operating expenses at the Seabee gold mine in the La Ronge district of northern Saskatchewan.Th…
LATIN AMERICA — Magna solidifies holdings
Junior Consolidated Magna Ventures (CMV-V) has earned a majority interest in the Koala I property in Mexico’s Chihuahua state.The Vancouver-based company now owns a 70% interest in the 990-ha property…
Philex racks up more losses
Plummeting production at its Philippine operations has resulted in the third straight quarterly loss for Philex Gold (PGI-T).For the 3-month period ended June 30, the Toronto-based company posted a ne…
LATIN AMERICA — Campbell explores near San Gertrudis
Despite the dramatic drop in the price of gold since last fall, Campbell Resources (CCH-T) has reported 6-month figures similar to those it recorded before the market took a dive.During the first six …
LATIN AMERICA — NEWS ROUNDUP — Northfield buys Eloro shares
Toronto-based Northfield Minerals (NFM-T) has acquired 40,000 shares of Eloro Resources (ELOR-C), a junior company active in Latin America.The latest purchase boosts Northfield’s stake in Eloro to 941…
LETTER TO THE EDITOR — Press reports hurt Eldorado share performance
I have been a subscriber to The Northern Miner for 35 years. I have always read your publication to remain informed of the ever-changing North American mining industry.As you are generally factual and…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Juniors take beating as western markets plunge
The Vancouver Stock Exchange composite index plunged through the 400 level during the report period Aug. 26-Sept. 1 to close at 388.86, down 41.55 points, or 9.7%. The mining index followed suite, she…