LME Warehouse Levels (May 11, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Apr.28/98 (change from Apr. 21 in brackets):MetalStock(tonnes)Change…
News
Abacus hits hot values at La Manchuria
Abacus Minerals (AMC-T) has received results from the first two holes of its recently completed first-phase drill program at the La Manchuria property in Argentina’s Santa Cruz province.Both holes enc…
Insider Trading Insiders tighten grip on World Wide
Senior management of World Wide Minerals (WWS-T) dramatically increased their stock in that company through private placements in March, according to insider trading reports released by the Ontario Se…
Ecuadorian consolidates Gaby holdings
Zappa Resources (ZPA-V) is set to deal its interest in the Gaby gold deposit in southern Ecuador to Ecuadorian Minerals (EMC-T).In a deal valued at US$1.6 million, Ecuadorian would take sole interest …
Walsh’s Bahamian assets frozen by bankruptcy trustee
Deloitte and Touche, the accounting firm acting as bankruptcy trustee for Bre-X Minerals, has obtained a court order freezing the Bahamian assets of former Bre-X chairman David Walsh.The injunction, g…
FINANCINGS (May 11, 1998)
Cimarron Minerals (CIU-V) has arranged a brokered private placement of 2 million special warrants at 32cents each, for gross proceeds of $640,000.Each special warrant is exchangeable for one share and…
Inmet looking for buyer for Antamina — Expansion planned for Troilus; Teck shares on block
Pressured by a September deadline to commit to the huge Antamina copper project in Chile, Inmet Mining (IMN-T) recently began talks with ten large base metal producers regarding a possible sale of its…
Gitennes drilling Alumbre
Gitennes Exploration (GIT-T) has moved two drill rigs on to the Alumbre gold pect at its Virgen property in north-central Peru in an effort to determine the extent of mineralization. Further stepout d…
Kinross Gold makes foray into Australia
In a deal worth US$5 million, Kinross Gold (K-T) has picked up two groups of properties in the prolific Eastern Goldfields region of Western Australia.The first, dubbed Mt. Henry, covers 545 sq. km ne…
ODDS ‘N’ SODS — Night shift in Alaska
Long ago, I was a young member of a party of gold hunters in south-central Alaska’s Talkeetna Mountains, and the rush was on to come up with tangible evidence of high-grade gold before winter set in.W…
EDITORIAL — Is the Asian economic crisis over? — Not yet, says IMF
Michael Camdessus, managing director of the International Monetary Fund (IMF), concedes that his organization’s effort to resolve the Asian economic crisis has generated plenty of skepticism.Speaking …
Orko, Greystar chalk up exchange listings
Among the companies recently listed for trading on the Vancouver Stock Exchange is Orko Gold (OK-V), a junior with property holdings in British Columbia.The company’s chief asset is the 1,175-ha Bonap…