Offering could raise $37.5m for Bema Gold
An underwriting syndicate, led by RBC Dominion Securities, has agreed to buy 8 million shares of Bema Gold (BGO-T) at $3.75 each. The deal is expected to raise proceeds of $30 million.The underwriters…
News
Avalon pulls PGEs near Thunder Bay
First-phase diamond drilling by Avalon Ventures (AVL-V) on its Wolf property in northwestern Ontario has returned anomalous platinum group element (PGE) values.Seven of eight drill holes at the 10,100…
Nuinsco begins drilling at Lac Rocher
Drilling has begun at a base metal discovery at Lac Rocher, 112 km north of Matagami, Que.The operator of the project is Nuinsco Resources (NWI-T), which is exploring the property under an option from…
Geomaque boosts resource
A drill program carried out by Geomaque Explorations (GEO-T) at the Vueltas del Rio gold deposit in northwestern Honduras has boosted the resource estimate to 922,000 oz. gold.The new figure represent…
EDITORIAL — A century of challenge and accomplishment — Congratulations, CIM
Surviving a century of fast-paced change is no small feat for any professional organization. The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) has done more than survive 100 years, it h…
FACTS ‘N’ FIGURES — Indian silver demand not down
Over the past eight months, the silver market has been awash with rumors that Indian silver demand has declined sharply in the face of higher prices.According to CPM Group’s recently released white pa…
Scintrex urges rejection of takeover bid
In an attempt to keep shareholders on side and thwart a hostile takeover bid, exploration instrument firm Scintrex has increased the value of its shares above a proposed buyout price by tacking on a s…
MINING MARKETS AND INVESTMENT NEWS — Analysts watch Abacus in Argentina
Russ Cranswick, analyst with Research Capital, is keeping a close eye on the activities of Abacus Minerals (AMC-V) at La Manchuria, a gold-silver property in Argentina’s Santa Cruz province.The curren…
MOST ACTIVE ISSUES, April 22-25
ExchgVol(000’s)Close.ZSBarrick GoldT931632.70Placer DomeT…
GREATEST VALUE TRADED, April 22-25
ExchgVol(000’s)HighLowCloseChangeBarrick GoldT310…
SPOT PRICES (May 04, 1998)
Wednesday, April 29, 1998 Price (US)Week’s ChangeGold*$307.55- $3.65Silver*$ 6.11…
Earnings improve for Battle Mountain
Despite a downturn in the price of gold, Battle Mountain Gold (BMG-N) cut its losses considerably in the first quarter on the strength of lower operating costs.The company reported a net loss of US$3….