METAL PRICES — Daily Metal Prices (August 03, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices in US$ per tonne)DateJuly 28July 27July 24July…
News
Underexplored Scossa property purchased by Romios in Nevada
Toronto-based Romios Gold Resources (RGRI-C) has agreed to buy the Scossa project in Pershing Cty., northwestern Nevada.The agreement calls for the junior to pay US$82,500 cash and issue 100,000 share…
Meetings (August 03, 1998)
Aug. 4, BlackpoolAug. 4, GroundstarAug. 4, LevonAug. 5, Golden GateAug. 5, Int’l LarderAug. 5, PortmanAug. 5, Prospectors AllianceAug. 6, Golden SitkaAug. 7, LakotaAug. 7, Sand RiverAug. 10, EdenAug. …
Luscar bids for Canada’s largest coal miner
Luscar Coal Income Fund has launched a takeover bid for Manalta Coal Income Trust, owner of Manalta Coal, in a $550-million deal that would create North America’s sixth-largest producer.The takeover i…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — TSE hit by weak dollar, lacklustre metal prices
A devalued Loonie and poor performances in the metals sector contributed to a dismal performance by the Toronto Stock Exchange 300 index during the report period July 22-28. The index finished the wee…
Rio Algom posts profits
Despite tough times for base metal producers, Rio Algom (ROM-T) enjoyed a profitable second quarter as it continued to expand both its copper production and its metals distribution business.Earnings t…
MOST ACTIVE ISSUES, July 15-21
Exchg Vol(000s)CloseCasmyn Corp*Q198910.02Barrick GoldT672127.25Placer DomeT613916.60Meridian GoldT4935 7.00Homestake Mg *N459810.94Carmanah ResT44851.53Newmont Mng *N395822.81…
GOLD FUNDS (July 27, 1998)
Gold Funds as of July 16, 1998BGRCentralNet Value$14.22$6.06Price$10.45$5…
CORRECTIONS (July 27, 1998)
Fortune Minerals trades on the Toronto Stock Exchange under the symbol FT.The high grade gold zone at the Nico project grades an average of 0.09% bismuth (plus values in cobalt, copper and gold). Inco…
Index (July 27, 1998)
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Lawsuits, hearings focus on disclosure, corporate conduct — Regulators and shareholders train sights on Crystallex, Naxos, Cartaway and First Marathon
As if to signal the end of the 1990s bull market for resource stocks, irate shareholders and vigilant securities regulators have taken aim at a powerful brokerage firm and several junior companies tha…
Stillwater reports rosy second quarter
Record production and earnings made for a profitable second quarter for Stillwater Mining (SWC-X), though its hedging policy kept the company from reaching the maximum value of its namesake platinum-p…