ASIA — Rio Tinto ups output in Southeast Asia
Neither weak markets nor the effects of El Nino could deter Rio Tinto (RTP-N) from increasing gold production at its Asian gold operations in 1997.The company’s 90%-owned Kelian gold mine, in Kalimant…
Lihir Gold Limited
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow tops 9,000; mining stagnates
The Dow Jones Industrial average climbed above the 9,000 mark during the holiday-shortened report period of July 2-7. The Dow gained 87.68 points (or 1%) to close at 9,085.04.There were no fireworks a…
Nord doubles gold resource
By relying more heavily on higher-grade sulphide mineralization, Nord Pacific (NPF-T) has doubled the gold resource at the Simberi Island project in Papua New Guinea.The company now pegs the deposit’s…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS –Dow and gold slide in tandem
The Dow Jones Industrial average continued its slow slide, finishing the May 20-26 report period down 90.92 points (1%) at 8,963.73. Trading was light because of the Memorial Day holiday May 25.All ma…
U.S. markets — Dow dips as gold languishes
The Dow Jones Industrial average lost 107.12 points (or 1.2%) during the report period of May 13-19. The average spent the last half of the week in decline before posting a minor gain to close at 9,05…
Placer drops Cerro Crucitas
Placer Dome (PDG-T) has decided to sell its interest in the Cerro Crucitas gold property in northern Costa Rica, stating that the property does not fit its strategic objectives.Since discovering the C…
U.S. markets — Stocks mixed as Dow rebounds
The Dow Jones Industrial average erased its losses from last week to end the report period of April 29-May 5 up 248.61 points (or 2.8%). The average tested the 9,200-mark earlier in the week, only to …
U.S. MARKETS — Dow follows gold’s decline
The Dow Jones Industrial average was down over the April 22-28 report period, closing at 8,898.96 on fears of higher interest rates in the bond market. The Dow slipped 285.98 points (or 3.1%), includi…
Companies (April 27, 1998)
Abacus MineralsAlta GoldAmax GoldAnglo AmericanArian ResourcesAtapa MineralsAurado ExplorationBattle Mountain GoldBema GoldBice VenturesBlue Ribbon ResBreakwater ResBroken Hill ProprietaryCamecoCampho…
U.S. MARKETS — Dow ends on new high
The Dow Jones Industrial average closed the April 15-21 report period at a record high of 9,184.94. The average was up 74.74 points, or 0.8%, for the week.A surge in the price of gold late in the repo…
Vengold offering may net $46 million
A syndicate of underwriters, led by Midland Walwyn Capital, have entered into a financing agreement with Vengold (VEN-T) to purchase up to $46 million worth of its shares.The underwriters have agreed …
Companies (April 13, 1998)
Adex MiningAmerica Mineral FieldsAnglo AmericanAsia Pacific ResourcesAurizon MinesAvalon VenturesBand-Ore ResourcesBanro ResourceBarrick GoldBattle Mountain GoldBlue Desert MiningCaledonia MiningCambi…