Rio Tinto plans share repurchase
British mining giant Rio Tinto (RTP-N) hopes to take advantage of depressed market conditions by buying back 10% of its shares.The move is intended to provide Rio with greater flexibility in managing …
News
Energold gains Dominican land — Geophysical program planned for Longyear gold property
It has been a long time coming but Energold Mining (EGD-V) has finally been granted two key exploration concessions in the Dominican Republic.One of the properties, known as Longyear, adjoins the larg…
Cyprus, Caledonia hit copper grades in Zambia
Drilling by its joint-venture partner has intercepted promising copper intersections at Caledonia Mining’s (CAL-T) Kadola property in Zambia.Cyprus Amax Minerals (CYM-N) has drilled 19 shallow holes o…
Lihir enjoys strong quarter
The startup of the sulphide circuit at the Lihir gold mine in Papua New Guinea translated into higher production and lower costs for Lihir Gold (LIHRY-Q) during the last quarter of 1997.Throughout Dec…
NEW HORIZONS — Gold on the road
Electronic controls in automobiles are increasingly being used to boost fuel efficiency, make safety devices more effective and render accessories more reliable. To ensure that these switches, connect…
ODDS ‘N’ SODS — Alaskan town a boost to Canadian mines
The story of Hyder, Alaska, has no doubt been told many times, but for such a small, isolated village, it is a wonder that tales could be told of it at all.Hyder is at the head of the Portland Canal, …
DIAMOND PAGE — TNK prospect catches eye of De Beers
Management of TNK Resources (TNKR-C) is heartened that its exploration projects in Botswana have come to the attention of the world’s largest diamond producer.The company has signed three joint-ventur…
DIAMOND PAGE — Mineral rights snag plagues SouthernEra
A group of heirs of the original owners of the minerals rights for part of the Klipspringer diamond project in South Africa has begun a legal battle with SouthernEra Resources (SUF-T) and Randgold ove…
MOST ACTIVE ISSUES, Jan. 21-27
ExchgVolume(000’s)CloseBarrick GoldT1103329.10Placer DomeT…
SPOT PRICES (February 02, 1998)
Wednesday, January 28, 1998Price (US)Week’s ChangeGold*$298.25+ $6.35Silver*$ 6.02…
TORONTO STOCK EXCHANGE INDICES (February 02, 1998)
1998Jan. 27Jan. 26Jan. 23Jan. 22Jan. 21HighLowCom…
Argentina Gold follows up on Filo Federico
Argentina Gold (ARP-V) has posted impressive drill results from the Veladero project, situated in the northwestern portion of the country from which the company draws its name.The junior recently coll…