GREATEST VALUE TRADED (January 18, 1999)
ExchgVal($000S)HighLowCloseChangePlacer DomeT3700…
1999
Dayton Mining restructures Andacollo debt
Dayton Mining (DAY-T) has found a long-term solution to the problem of how to finance its wholly owned Andacollo gold mine in central Chile.The company reached an agreement with its banking syndicate …
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Spot nickel soars as base metal miners rally
World markets were jittery during the Jan. 6-12 report period, owing to concern over the economic health of Brazil. Capital fled out the Latin American powerhouse — including US$1 billion on Jan. 12 …
AMT uncovers porphyry prospect
Re-assaying a historical drill hole has led to the discovery of a copper-gold-molybdenum prospect at the Copper Creek project, northeast of Tuscon, Ariz.AMT International Mining (AAI-T) reports that h…
Careers (January 18, 1999)
PriceWaterhouseCoopersExecutive SearchMine SuperintendentOur client is a major international mining company. They have an immediate need for a seasoned Mine Superintendent for a mine site in Ontario, …
Viceroy unseats Glamis Gold in bid for Rayrock Resources
Rayrock Resources (RAY-T) has left Glamis Gold (GLG-T) alone at the altar after a competing bid by Viceroy Resource (VOY-T) was judged by company officials to be superior to Glamis’ previously…
Barrick Gold extends bid deadline
Barrick Gold(ABX-T) has moved its deadline back, extending its $4 cash offer for the outstanding shares ofArgentina Gold (ARP-V) to Jan. 19.Barrick extended the offer, which remains conditional on get…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Polymet a star of buoyant western market
The Vancouver Stock Exchange composite index rocketed past the 400 mark and finished the week ended Jan. 12 at 417.94, up 18.99 points, or 4.76%. Not to be outdone, the mining index jumped 11.13 point…
MINING MARKETS & INVESTMENT NEWS – US MARKETS — Soaring Dow takes plunge
The Dow Jones industrial average soared early in the report period ended Jan. 12, only to fall off sharply on the last day of trading, starting a larger downward trend. Nevertheless, the average finis…
Royal Gold hits high grade in Greece
Junior Royal Gold (RGLD-Q) has pulled some high-grade values from the first phase of drilling carried out on the Milos project in the Cyclades Islands of Greece.Royal is operator the project, in which…
LME WHSE LEVELS (January 18, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan. 12/99 (change from Jan. 5 in brackets):MetalStocks (tonnes)Change…
Crown gets environmental nod for Crown Jewel
Battle Mountain Gold (BMG-N) and Crown Resources (CRRS-Q) have won a legal victory regarding the Crown Jewel project in Washington state: the U.S. Federal Court backed conclusions made by the U.S. For…