MINING MARKETS & INVESTMENT NEWS — Correction
Sulliden Exploration (SUE-M) manages its own exploration programs at its Las Huaquillas polymetallic property and no longer employs independent firm Kilborn Engineering Pacific. As well, hole 97-4 ret…
News
MINING MARKETS & INVESTMENT NEWS — Porcher Island seeks consolidation
At the annual meeting of Porcher Island Gold (PIG-V), shareholders approved a change in the name of the company to Tetra Metals.The meeting was adjourned for one month until Sept. 30 to allow register…
Banro seeks $1 billion for seized land — Suit aims to protect shareholders’ interests
In the midst of an insurgency aimed at ousting President Laurent Kabila of the Democratic Republic of Congo, Banro Resources (BNRS-C) has launched a $1-billion lawsuit against the government following…
SOPT PRICES
Wednesday September 9, 1998Price (US)Week’S ChangeGold*$284.15+$4.15Silver*$ 4.85…
Alaska, Echo Bay drum up aid for Russian flood victims
Echo Bay Mines has joined the people of Alaska in donating relief supplies to help flood victims in eastern Russia.The Denver-based company, which has worked in Alaska for more than a decade and has i…
Anglogold dazzles NY market
Anglogold (AU-N), the world’s largest gold producer, literally roared on to the New York Stock Exchange with the help of a lion named Arthur.The 800-lb. mascot, which represents the company’s new logo…
TSE INDICES (September 14, 1998)
1998Sept.8Sept.7Sept.4Sept.3Sept.2HighLowComposit…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Tide begins to turn for beleaguered eastern markets — Placer Dome, Barrick among majors to benefit from renewed confidence
Reports during the Sept. 2-8 report period that U.S. interest rates may soon be lowered translated into a near-reversal of last week’s market turmoil, with the Toronto Stock Exchange 300 index rising …
MINING MARKETS & INVESTMENT NEWS — Montreal, Vancouver list homegrown copper explorers
Matemec Explorations (MAT-M), a junior searching for base metals on Quebec’s North Shore, has been called for trading on the Montreal Exchange.The company’s initial public offering raised $716,000 thr…
GREATEST VALUE TRADED (September 14, 1998)
ExchgVal($000s)HighLowCloseChangeBarrick Gold…
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — Namco boosts output in Namibia
Operator Namibian Minerals (NMR-T) produced 30,300 carats of alluvial diamonds from the Luderitz Bay concession in its latest quarter, ended Aug. 31, up from the 25,900 carats produced in the previous…
DIAMOND PAGE — American Gem inks distribution deal
Toronto-based American Gem (GEM-V) has signed an agreement granting Gupta Gemhouse the right to become the exclusive distributor of its existing sapphire inventory and future production from the Gem M…