Independence options Buckhorn South
Independence Mining has exercised an option with Royal Gold (RGLD-Q) for the Buckhorn South property in Eureka Cty., Nev.Independence, a wholly owned subsidiary of Luxembourg-based Minorco (MNRCY-Q), …
News
Sutton seeks funds for Tanzanian gold project
Three inauspicious factors — an 18-year low in the price of gold, the bombing of the U.S. embassy in Tanzania and the ongoing conflict in war-torn Democratic Republic of Congo — contributed to the r…
LATIN AMERICA — Barrick’s Latin American growth plans include Pierina, Pascua, Lama
While Nevada’s Carlin trend remains the cornerstone of Barrick Gold’s (ABX-T) gold mining empire, Latin America appears to be prodiving the company with a steady stream of exploration and development …
Pure Gold arranges financing
Diamond explorer Pure Gold Minerals (pug-t) has arranged a private placement of 2 million units priced at 25 cents each. The financing is expected to raise gross proceeds of $500,000.Each unit will co…
GOLD FUNDS (August 31, 1998)
Gold Funds as of Aug 20, 1998BGRCentralNet Value$12.92$5.98Price$9.30$5.8…
CORRECTIONS (August 31, 1998)
In our Aug. 24-30 issue, we stated that the San Martin deposit of Mar-West Resources (MSR-V) had preliminary metallurgical recoveries ranging from 40% to 80% gold. The correct range is 70-80%.
Index (August 31, 1998)
CareersClassifiedDiamond PageDrillersEditorialInsider TradingInvestment CommentaryLetters to the EditorMarket PlaceMetal PricesMining Markets and Investment NewsNew HorizonsOdds’n’SodsProfessional Dir…
Study gives thumbs-up to Nord in PNG
Albuquerque-based Nord Pacific (NPF-T) has concluded that the proposed Simberi Island gold mine in Papua New Guinea (PNG) can make money.Results from an in-house update of a previous feasibility study…
MINING MARKETS & INVESTMENT NEWS — More woe for Crystallex
A second law firm has filed a class-action suit against Crystallex International (KRY-T), a former high-flyer that crashed and burned after a Venezuelan court dismissed its purported effort to “enforc…
Manalta drops poison pill defence
Luscar again revises bid for country’s largest coal producer Manalta Coal Income Trust has lifted a unit-holders’ rights plan adopted to delay a hostile takeover by Luscar Coal Income Fund after that …
TSE INDICES (August 31, 1998)
1998Aug. 25Aug. 24Aug. 21Aug. 20Aug. 19HighLowCom…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Slumping prices hurt producers
The Dow Jones Industrial average fell 112 points (or 1.3%) during the report period ended Aug. 25, closing at 8,602.65.Slumping commodity prices, particularly for copper, continued their downward pres…