LETTER TO THE EDITOR — Kikerk Lake credit
We were pleased to see that you featured our joint-venture property at Kikerk Lake, N.W.T. (T.N.M., May 11-17/98), but prefer that credit be given where it is due.Exploration on the Kikerk Lake joint …
News
FACTS ‘N’ FIGURES — Evaluating gold’s slump
In Gold 1998, the latest annual survey of the gold market, Gold Fields Mineral Services (GFMS) focuses on the causes of the sharp fall in the gold price during 1997, when the average PM fix in London,…
MINING MARKETS AND INVESTMENT NEWS — Northern Abitibi insider active trader
The Ontario Securities Commission’s May 8 OSC Bulletin, shows that a director of Northern Abitibi Mining (NAI-A) was an active trader of that company’s shares in April.Jens Hansen exercised 500,000 op…
Companies (May 25, 1998)
Agnico-Eagle MinesAltius MineralsAmax GoldAnglo AmericanAnglogoldAnzex ResourcesApex SilverArian ResourcesAur ResourcesB.Y.G. Natural ResourcesBand-Ore ResourcesBanro ResourceBarrick GoldBattle Mounta…
MINING MARKETS AND INVESTMENT NEWS — Boliden refinances debt
Toronto-based Boliden (BOL-T) has arranged a US$200-million revolving credit facility which allows it to refinance debt carried by its newly acquired subsidiary, Boliden Westmin.When Boliden acquired …
Hyperion finds home on VSE
Australian-based Hyperion Resources (HYP)) has been called for trading on the Vancouver Stock Exchange.The company’s chief assets are exploration concessions in Cuba and Fiji.At its Holguin property i…
New home for Hall of Fame — Industry greats will stare down on students in Mining Building
After nine years on the road, the Canadian Mining Hall of Fame has arrived home.On May 14, the Hall took up permanent residence in the Mining Building of the University of Toronto, a building where a …
INSIDER TRADING (May 25, 1998)
* First Dynasty Mines (FDM-T) — Jonathan Challis, director, was granted 75,462 options at 39cents to hold 140,462; Beverly Downing, director, was granted 75,462 options at 39cents to hold 150,462; De…
Zemex takes run at Inmet Mining — Takeover offer of $5 a share “chintzy” says James
Fresh from the successful conclusion of negotiations to sell its interest in the Antamina copper project in Peru, Inmet Mining (IMN-T) now finds itself the quarry in a takeover bid.The offer comes fro…
TORONTO STOCK EXCHANGE INDICES (May 25, 1998)
1998May 19May 18May 15May 14May 13HighLowComposit…
Royal Oak gains consent of US bondholders to draw down loan
With only $63,000 in cash at the end of the first quarter and a working capital deficit of $105 million, Royal Oak Mines (RYO-T) has finally reached agreement with the majority of its subordinated bon…
GOLD AND PRECIOUS METALS — Banro resumes drilling at Twangiza in Congo
Having replenished its treasury with the proceeds of a warrant offering, Banro Resource (bnrs-c) is embarking on a second phase of diamond drilling at its Twangiza gold project in the Democratic Repub…