Ashanti poised for further growth
In early 1997, mining analysts from the London branch of Banque Paribas estimated that it would be a year before the benefits of a restructuring undertaken by Ashanti Goldfields (AHD.U-T) would be fel…
News
METAL PRICES – Daily Metal Prices (May 04, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateApr. 28Apr. 27Apr. 24Apr. 23Apr…
Rift reports African intersections
Encouraging results are reported from the first phase of exploration at the Silobela gold property in central Zimbabwe.Toronto-based Rift Resources (RIF-V), which is earning a half-interest in the pro…
Ungava option killed
Ungava Minerals (UNGV-C) has terminated its previously announced option agreement with High North Resources (HNRI-C) (formerly Canadian States Resources) regarding claims and permits in the Ungava tro…
Bema looks to Russia for future growth
The economics of an advanced-stage deposit in the Russian Far East containing 1 million gold-equivalent ounces are strong enough that Bema Gold (BGO-T) is making a bid to acquire its 79% owner, Britis…
OBITUARY — Murray Pezim dead
Legendary stock promoter Murray Pezim died April 22 of an apparent heart attack. He was 77 years of age.Pezim was best known for his role in the discovery of the Hemlo gold camp in Ontario and the Esk…
CORRECTION (April 27, 1998)
In our April 13 report on Cameco’s (CCO-T) Cigar Lake project, we stated that the Midwest project “has yet to be granted government approval.” In fact, the Midwest project received approval from the g…
FINANCINGS (April 27, 1998)
Riverdance Resources has closed a $152,000 private placement consisting of approximately 1 million units priced at 15cents.Each unit consists of one share and one warrant entitling the purchase of an …
NEWS IN BRIEF (April 27, 1998)
Blue Ribbon Resources (BLO-V) has changed its name to New Blue Ribbon Resources (NBL-V) on a 1-new-for-5-old-share basis.
Index (April 27, 1998)
CareersClassifiedDiamond PageDividendsDrillersEditorialGeologyInsider TradingInvestment CommentaryLetter to the EditorMetal PricesMining Markets andInvestment NewsNew ListingsOdds’n’SodsProfessional D…
MINING MARKETS AND INVESTMENT NEWS — EASTERN MARKETS — Rise in precious metals fails to boost TSE
The Toronto Stock Exchange 300 index lost 15.01 points, or 0.19%, during the report period ended April 21, to finish at 7765.52.With the exception of platinum, which fell US$11 to US$417 per oz., all …
Willow partners assess sampling data
Partners CaribGold Resources (CG-T) and Pure Gold Minerals (PUG-T) have cause for optimism at their jointly held Willow diamond property in southern Saskatchewan.Data, only recently discovered, from a…