MOST ACTIVE ISSUES, October 6-12
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News
Cyprus Amax divests stake in Kinross
Cyprus Amax (CYM-N), clearing the decks for its merger with Phelps Dodge (PD-N), has arranged to sell its 31% holding in gold producer Kinross Gold (K-T) for $356 million.The deal will see t…
Companies (October 18, 1999)
Aber ResourcesAfrioreAnglo AmericanAnglogoldAntares Mining & ExplorationAsarcoAshanti GoldfieldsAshton Mining of CanadaAsia Pacific ResourcesAtna ResourcesBarrick GoldBattle Mountain GoldC…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — VSE quiet during short trading week
The Vancouver Stock Exchange composite index lost 2.01 points, or 0.5%, to close at 420.62 over the holiday-shortened report period ended Oct. 12. The mining index followed suit by dipping 2.21 points…
GREATEST VALUE TRADED, October 6-12
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MINING MARKETS & INVESTMENT NEWS — US MARKETS — Gold, copper slide
The Dow Jones industrial average finished the holiday-shortened report period ended Oct. 12 up 16,47 points, or 0.16%, after a 230-point loss on the last day, closing at 10,417.06.Gold companies fell …
Magadan pumps cash into mining operations — Production can’t keep pace with 1998 output
Regional officials in the prolific gold and silver region of Magadan, in northeastern Russia, have approved the financing of 11 upgrade and construction projects to the tune US$631.6 million.The news …
TSE INDICES (October 18, 1999)
1999Oct. 12Oct. 11Oct. 8Oct. 7Oct. 6HighLowCompos…
PRODUCER & DELAER PRICES
Antimony: Mid-mkt US$1,180/t.Bismuth: Mid-mkt US$4.55/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65/t.Cobalt: Recent trades US$15.00-18.00/lb.Copper: Comex Dec. US$0.787/lb.Indium: Indiu…
PEOPLE — AGX Res.
Katherine MacDonald, Court Fraser and Gary MacDonald appointed directors.
NAME CHANGE (October 18, 1999)
Anatares Mining & Exploration (ANZ-T) has changed its name to Caussa Capital (CAU-T).
Melkior explores in NW Quebec
With gold on the mend, junior Melkior Resources (MKR-M) has resumed exploration at its Launay property in northwestern Quebec.The company is conducting a $500,000 program of geochemistry and drilling …