Boliden extends Westmin takeover deadline
Base metals major Boliden (BOL-IR-T) has moved back the expiration date of its takeover bid of Westmin Resources (WMI-T) to January 21 from January 9.In exchange for the bid extension, Westmin agreed …
News
MOST ACTIVE ISSUES, Dec. 31-Jan. 6
ExchgVol(000s)Close.ZSInco LtdT428124.75Canabrva DiaV…
DIAMOND PAGE — Archangel completes initial delineation drilling on Verkhotina pipe
Archangel Diamond (AAD-V) has announced more results from a recently completed definition-drilling program on Pipe 441 at its Verkhotina joint-venture project in northwestern Russia.A total of 10.8 to…
SPOT PRICES (January 12, 1998)
Monday, January 7, 1998Price (US)Week’s ChangeGold*$282.10- $11.80Silver*$6.10…
DIAMOND PAGE — Lexam arranges financing for Greenland diamond exploration
Lexam Explorations (LEX-M) has reached an agreement with brokerage firm Canaccord Capital to raise $2.5 million through a special warrant financing.The financing will consist of 2.5 million special wa…
TORONTO STOCK EXCHANGE INDICES (January 12, 1998)
1998Jan. 6Jan. 5Jan. 2Dec. 31Dec. 30HighLowCompos…
STOCK MARKETS – TSE — Gold slides back to low US$280s as majors take a beating — Base-metal markets remain weak while Asian economies flounder
During the report period of Dec. 24 to Jan. 6, the Toronto Stock Exchange’s TSE 300 composite index rose to 6656.26, a gain of 116.76 points, or 1.8%.Like most western currencies, the Canadian dollar …
INSIDER TRADING — U.S. insiders bullish on their stocks
Trading reports from the United States show insiders bought more than they sold during these past few months of depressed metals prices.The trend shows the insiders are picking up shares while the pri…
METAL PRICES (January 12, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateJan. 6Jan. 5Jan. 2Dec. 31Dec. 3…
STOCK MARKETS – VSE — Western markets gain year-end ground but fall short of 1996 figures — Not a bad week for juniors exploring in Canada’s backyard
The Vancouver Stock Exchange composite index gained 7.05 points, or 1.15%, to close at 617.36 over the report period ended Jan. 6. The mining index slipped 0.67 points, or 0.13%, to finish at 510.50.Y…
PRODUCER AND DEALER PRICES (January 12, 1998)
Aluminium: LME settlements US$1,459.50, alloy US$1,331 per tonne (Jan.6/98).Antimony: Representative mid-market US$1,560 per tonne (Jan. 6/98).Bismuth: Representative mid-market US$3.25 per lb. (Jan. …
Companies (January 12, 1998)
Agarwal ResourcesAlta GoldAmax GoldAmerica Mineral FieldsAnglo AmericanArchangel DiamondAur ResourcesBelvedere ResourcesBolidenBre-X MineralsBYG Natural ResourcesCanarc ResourceCompanhia Vale do Rio D…