NAME CHANGE (April 05, 1999)
Harvey Creek Gold Placers (HVG-V) has changed its name to New Millennium Metals (PGM-V).
News
AG cuts more high-grade
Argentina Gold (ARP-V) continues to pull hot values from the Filo Federico target at its Veladero property in northwestern Argentina.Highlights are as follows:Hole 135 intersected 197 metres averaging…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Weakness in metal prices drags down majors
Continuing threats of gold sales by the International Monetary Fund plus negative sentiment toward the Japanese economy combined to pull down most precious and base metal prices during the March 24-30…
Mitsubishi buys into Antamina copper-zinc project
Partners Rio Algom (ROM-T), Noranda (NOR-T) and Teck (TEK-T) have reached an agreement-in-principle with Mitsubishi whereby the Japanese giant will acquire a 10% stake in the Antamina copper-zi…
Normandy buys out Inmet stake in Ovacik, Perama
Inmet Mining (IMN-T) has signed a letter-of-intent to sell its interests in two gold projects to joint-venture partner Normandy Mining (NDY-T).For a total of $43 million, Inmet will sell its 33.3% int…
MOST ACTIVE ISSUES, March 17-23
ExchgVol (000s)HighLowCloseChangeInco LtdT1068122.9020.9020.95-1.15Barrick GoldT900528.4527.1027.30-0.20Placer DomeT744618.3017.2517.40-0.60Nuinsco ResT71612.841.521.90-0…
Etruscan finances Samira project
A US$3.5-million financing will allow Etruscan Resources (EET-T) to complete a feasibility study of the Samira Hill gold project in Niger, West Africa.The funds were provided by RMB Resources, a unit …
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Dow’s 10K bid loses steam
After flirting with the 10,000 mark for more than a week, the Dow Jones industrial average fell 258.64 points, or 2.6%, to close at 9,671.83 for the report period ended March 23. The loss was primaril…
INSIDER TRADING — Stillwater execs boost stake
Recent insider trading transactions reported by the U.S. Securities and Exchange Commission include the following:Stillwater Mining (SWC-X) — John Andrews, president, exercised 33,571 options at US$3…
Juniors target PGEs at Wolf Mountain property
The potential for discovering platinum group elements (PGE) in the backwoods of northern Ontario has attracted the attention of East West Resources (EWR-V) and Canadian Golden Dragon Resources (CGG-V)…
Partners drill West Porcupine
Operator Battle Mountain Gold (BMG-N) has begun a 2,000-metre drill campaign at the West Porcupine gold property near Timmins, Ont.Drilling is targeted for eight areas, each of which is characterized …
PEOPLE — Newmont Mining (March 29, 1999)
Robert Miller, James Taranik and Robert Quenon appointed directors.