INSIDER TRADING — Royal insiders buy shares
Recent filings with the U.S. Securities and Exchange Commission show that four executives of Royal Gold (RGLD-Q) picked up shares in September and October.Odin Howell, director, exercised 2,500 option…
Homestake Mining Company
Inmet suspends mining at Winston Lake — Reserves to be recalculated during 3-month review period
With zinc prices remaining low and a newly developed ore zone failing to live up to expectations, Inmet Mining (IMN-T) is suspending operations at its troubled Winston Lake zinc-copper mine on the nor…
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Producers under siege
The Dow Jones industrial average lost 105.56 points during the report period ended Dec. 8, closing at 9,027.98.Copper and silver issues early in the week fell in line with dropping oil prices, hitting…
Companies (December 14, 1998)
Agnico-Eagle MinesAkrokeri-Ashanti Gold MinesAlmaden ResourcesAltius MineralsAmbrex MiningAmerican GemAnglogoldArgentina GoldAsia Pacific ResourcesAuspex MineralsAvalon VenturesBarrick Gold…
INAP seeks solutions to acid drainage
Six Canadian companies are spearheading an effort to help control acid drainage at mining projects.Majors Placer Dome, Inco, Noranda, Teck, Rio Algom and Falconbridge are among 17 companies that forme…
Prime accepts Homestake offer
Shareholders of Prime Resources Group (PRU-T) have accepted Homestake Mining’s (HM-N) offer to acquire the 49.9% of Prime it does not already own.Homestake Chairman Jack Thompson says the transaction …
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Dow Jones breaks through 9,000 ceiling
Spurred by the third cut to interest rates this year, the Dow Jones industrial average surged during the Nov. 18-24 report period to an all-time high of 9,301.15 points. The average peaked at 9,374.27…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow flirts with 9,000 mark
The Dow Jones industrial average edged closer to the 9,000 point mark, actually surpassing that level during the report period of Nov. 11-17. The average was up 122.3 points (or 1.4%) to finish the we…
Homestake wipes slate clean with quarterly writedowns
Depressed gold prices have induced Homestake Mining (HM-N) to reduce to zero the carrying value of its namesake mine in South Dakota. As a result, the San Francisco-based company no longer expects to …
Companies (November 16, 1998)
AG Armeno Mines & MineralsAgnico-Eagle MinesAlberta EnergyAmblin ResourcesAMT International MiningAnglogoldApex Silver MinesArgent ResourcesAshton Mining of CanadaAsia Pacific ResourcesAuriz…
Companies (November 09, 1998)
American CopperAnglogoldAntares Mining & ExplorationAnzex ResourcesAranlee ResourcesArgentina GoldArizona Star ResourceAscot ResourcesBalaclava MinesBarrick GoldBattle Mountain GoldBema GoldBlack Hawk…
Homestake gains ground in Argentina
Homestake Mining (HM-N) has agreed to purchase all exploration properties in southern Argentina that are held by Australian-based Western Mining Corp. (WMC).The company will pick up 900,000 acres in R…