PEOPLE — Cons. Gold Win
Lincoln Fuqua appointed director.
News
METAL PRICES (May 17, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMay 11May 10May 7May 6…
International mining conferences abound
A number of upcoming international conferences will focus on various prospective regions throughout the world.The governments of Ireland and Nova Scotia will host the North Atlantic Minerals Symposium…
Richmont posts modest quarterly loss
Low gold prices are taking their toll on Richmont Mines (RIC-T), a Montreal-based gold miner with operations in Quebec and Newfoundland.The company posted a loss of $517,685 (or 3 cents per share) on …
Echo Bay funds Minefinders
A private placement will see Echo Bay Mines (ECO-T) subscribe for up to 2 million units of Minefinders (MFL-T). Each unit will consist of one share and a warrant entitling the purchase of one-third of…
MOST ACTIVE ISSUES, May 5-11, 1999
ExchgVol(000s)HighLowCloseChangeAmericn GemT40601…
Kennecott reports Rocking Horse winner
Kennecott Canada Exploration has discovered a new kimberlite body on the Rocking Horse property, northwest of the Jericho region in the Nunavut Territory.Rocking Horse is one of three properties in wh…
Kazakstan re-examines uranium privatization — US court to hear from spurned Canadian firm
The government of Kazakstan and an Israeli firm have signed a letter-of-intent for the sale of two state-owned mining firms at the same time that a Washington, D.C., court is preparing to hear argumen…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Mining index loses steam as composite gains
The Vancouver Stock Exchange composite index gained 1.07 points, or 0.2%, to finish the week ended May 11 at 451.24. The mining index, meanwhile, lost 4.10 points, or 1.27%, to close at 317.49.The com…
Teck in bought deal
Teck (TEK-T) is issuing $150 million of new equity through an offering of 10 million units priced at $15 each.The financing is a bought deal by a syndicate led by First Marathon Securities and RBC Dom…
Newmont’s Batu Hijau nears completion
The huge Batu Hijau copper-gold mine on the Indonesian island of Sumbawa is 90% complete and due to enter production in the fourth quarter. Commercial production is expected to follow in the first qua…
INSIDER TRADING — AMF, Argosy execs increase holdings
Recent insider trading reported in the Ontario Securities Commission’s OSC Bulletin includes the following:America Mineral Fields (AMZ-T) — Bernard Vavala, director, bought 27,200 shares at 59-69 cen…