Placer emergency team helps with cleanup in PNG
An emergency services team from Placer Dome’s 50%-owned Porgera gold mine will remain in the Aitape region on the northern coast of Papua New Guinea to aid victims of tidal waves that destroyed four v…
1998
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — First Dynasty grants options to seven execs
Reports released by the Ontario Securities Commission show that seven directors of First Dynasty Mines (FDM-T) were granted options in June.Marcus Randolph acquired 395,000 options at 20 cents to hold…
MINING MARKETS & INVESTMENT NEWS — QUERY — Zahavy now Xavier
Back in the mid-1960s, I purchased shares of Golsil Mines, which later became Zahavy Mines. On the basis of one share for every five of Golsil, I ended up with 120 shares of Zahavy.The last informatio…
GOLD FUNDS (August 03, 1998)
Gold Funds as of July 23, 1998BGRCentralNet Value$13.95$6.24Price$10.50$5…
GREATEST VALUE TRADED, July 22-28
ExchgVal($000s)HighLowCloseChangeBarrick GoldT107…
TSE INDICES (August 03, 1998)
1998July 28July 27July 24July 23July 22HighLowCom…
PRODUCER & DEALER PRICES (August 03, 1998)
Aluminium: LME settlements US$1,354.50, alloy US$1,252 per tonne (July 28/98).Antimony: Representative mid-market US$1,290 per tonne (July 28/98).Bismuth: Representative mid-market US$3.55 per lb. (Ju…
Nar, Falco expand VMS targets in Zimbabwe
Toronto-based Nar Resources (NRL-M), which has been funding a polymetallic exploration program operated by Falconbridge (FL-T) in Zimbabwe, has announced an expanded work program for the Maramba proje…
METAL PRICES — Daily Metal Prices (August 03, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices in US$ per tonne)DateJuly 28July 27July 24July…
Underexplored Scossa property purchased by Romios in Nevada
Toronto-based Romios Gold Resources (RGRI-C) has agreed to buy the Scossa project in Pershing Cty., northwestern Nevada.The agreement calls for the junior to pay US$82,500 cash and issue 100,000 share…
Meetings (August 03, 1998)
Aug. 4, BlackpoolAug. 4, GroundstarAug. 4, LevonAug. 5, Golden GateAug. 5, Int’l LarderAug. 5, PortmanAug. 5, Prospectors AllianceAug. 6, Golden SitkaAug. 7, LakotaAug. 7, Sand RiverAug. 10, EdenAug. …
Luscar bids for Canada’s largest coal miner
Luscar Coal Income Fund has launched a takeover bid for Manalta Coal Income Trust, owner of Manalta Coal, in a $550-million deal that would create North America’s sixth-largest producer.The takeover i…