GOLD FUNDS (April 26, 1999)
Gold Funds as of April 15, 1999BGRCentralNet Value$13.595.62Price$9.30$5.
News
NEWS ROUNDUP — NAR options titanium project
Junior NAR Resources (NRL-M) can acquire a one-third interest in a titanium deposit discovered by privately held Titanium Corp. of Canada in the Shubenacadie River near Truro, N.S.To earn its interest…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Metal prices send miners soaring
The Dow Jones industrial average edged up 53.54 points, or 0.5%, during the report period ended April 20 to close at 10,448.55, as strong commodity prices lit a fire under resource companies. Miners r…
LATIN AMERICA — CaribGold aims to upgrade resource at Jacinto
Another round of drilling is under way at the Jacinto gold property near Camaguey, Cuba, a joint venture between CaribGold Resources (CG-T) and a state-owned mining company.The work is aimed at expand…
Fertilizer king PCS keeps turning a profit
While not quite matching the previous year’s stellar performance, Potash Corp. of Saskatchewan (pcs-t) still managed to turn a considerable profit in 1998.PCS earned US$261 million (or US$4.82 per sha…
QUERY — Records show Peterson Red Lake remains dormant
My late father was involved in mining most of his life, and after going through some papers I have come across three different mining stocks which I think are now defunct — but before I destroy the c…
Diavik explores Pure Gold North
A ground geophysical survey program is testing up to three high-priority airborne anomalies on the Pure Gold North claims, 55 km east of the Ekati diamond mine in the Northwest Territories.Diavik Diam…
Royal arranges royalty conversion
Royal Gold (RGLD-Q) has converted its 20% net profits interest in Nevada’s South Pipeline deposit into a gross smelter royalty on both that and the main Pipeline deposits.Situated in the state’s centr…
Iamgold updates reserves at Sadiola Hill
Markham, Ont.-based Iamgold (IMG-T) has updated the reserve and resource estimates of its three major gold assets in Mali.The most prized of these is the Sadiola Hill open-pit mine, which is owned 38%…
Creditors draw curtain on Royal Oak — Witte attributes collapse to low metal prices, bad luck
The Ontario Court (General Division) finally shut down the show at gold producer Royal Oak Mines (RYO-T), putting the company into receivership when creditors could not agree on a restructuring deal.T…
LME WHSE LEVELS (April 26, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 20/99 (change from April 13 in brackets):MetalStocks(tonnes)Change…
LATIN AMERICA — 2002: a Peruvian mining odyssey — Antamina faces economic, social, environmental challenges
Augusto Baertl, president of Minera Antamina, is not one to downplay the challenges faced by the consortium of three Canadian companies developing the huge Antamina copper-zinc deposit in the Peruvian…