MOST ACTIVE ISSUES, July 7-13, 1999
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News
Green light for Pirquitas
With an operating permit now in hand, Sunshine Mining & Refining (SSC-N) is trying to arrange financing to develop its Pirquitas silver-tin property in the northern Argentine province of Jujuy.The com…
Meetings (July 19, 1999)
July 19 Barra July 19 Energas July 19 Sundance July 20 Archangel July 20 Canspar July 20 Exito July 20 Northway July 20 Pan American July 20 Poseidon July 21 Allied Northern July 21 Belmont July 21 Bo…
Index (July 19, 1999)
CareersClassifiedCommentaryDiamond PageDividendsDrillersEditorialMetal PricesMining Markets & Investment NewsObituariesOdds ‘n’ SodsPeopleProfessional DirectoyStock MarketSubscription Se…
Meridian options Venturina
Nevada-based Meridian Gold (MNG-T) has entered into a joint-venture option agreement with International Northair Mines (INM-V) on the latter’s early-stage Venturina gold property in the Sierra Madre r…
Nuinsco options new ground
Nuinsco Resources (NWI-T) has entered into an option agreement with Freewest Resources Canada (FWR-M) on its properties adjoining Nuinsco’s Lac Rocher claims in northwestern Quebec.Nuinsco can acquire…
MINING MARKETS & INVESTMENT NEWS — INVESTMENT COMMENTARY — De Beers expected to rebound as Asia recovers
The chance of a recovery in the jewelry market and new strategies in marketing could push diamond producer De Beers Consolidated Mines (DBRSY-Q) back up following two years of poor results.Analyst Rog…
Low price takes shine off Las Cristinas
The current slump in gold prices is causing Placer Dome (PDG-T) to consider suspending the US$575-million Las Cristinas project in Bolivar state, Venezuela.Placer Dome has a 70% stake in the project, …
Newhawk to merge with Silver Standard
Silver Standard Resources (SSO-V) has agreed to acquire all the outstanding shares of Newhawk Gold Mines (NHG-T).Shareholders in Newhawk will receive one share of Silver Standard for every six shares …
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Archangel takes flight in sluggish market
The Vancouver Stock Exchange composite index dropped 10.65 points, or 2.4%, to finish the week ended July 13 at 429.61. The mining index followed suit, losing 8.96 points, or 3%, to close at 287.98.Me…
Juniors plan drilling
Partners Almaden Resources (AMH-V) and Troymin Resources (TYR-M) will carry out a drill program on the Prospector Mountain gold-copper porphyry property, 240 km northwest of Whitehorse, Y.T.The proper…
EDITORIAL & OPINION — COMMENTARY – Sales will harm African miners
Dear President Clinton,South Africa has inaugurated its second democratically elected president, Thabo Mbeki. Among the challenges he faces is the terrible shock tohis country’s economy caused by the …