PEOPLE – Gabriel (January 11, 1999)
James. T. McClements appointed director.
News
GOLD FUNDS (January 11, 1999)
Gold Funds as of December 31, 1998BGRCentralNet Value$13.775.89Price$9.55$5.450Discount30.65%7.5%Value$102,269,000$102,306,566…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Western markets ring in new year with rally (January 11, 1999)
The Vancouver Stock Exchange composite index rallied during the first week of the new year, tacking on 19.17 points, or 5.04%, to finish the week ended Jan. 5 at 398.95. The mining index followed suit…
Noranda spins off assets
Acting on the approval of its shareholders, Noranda (NOR-T) has spun off its non-mining assets.For each share of Noranda owned at the end of Dec. 30, 1998, shareholders will receive: one new Noranda s…
Term loan to finance Red Lake expansion (January 11, 1999)
Three banks have entered an agreement to provide US$60 million to Goldcorp (G-T) for the expansion of its Red Lake mine in northwestern Ontario.The loan, to be provided by the Bank of Montreal, the Ba…
Russian gold output to hold steady — Exploration and development attract foreign, local dollars (January 11, 1999)
Gold producing regions in Russia are facing an uncertain year in light of depressed prices and economic instability, though most are anticipating production similar that of 1998.In the northeastern re…
DIAMOND PAGE — Ashton budgets for Alberta diamond hunt
The Buffalo Hills joint venture has approved a 1999 budget of $7.4 million for diamond exploration in north-central Alberta.Ashton Mining of Canada (ACA-T) and Alberta Energy (AEC-T) will share all co…
Meridian secures funds for El Peon — Current production rate expected to double (January 11, 1999)
Reno-based Meridian Gold (MDG-N) has secured funding for construction and development of the El Pe~non mine, near Antofagasta in northern Chile.Standard Bank of New York and Standard Bank London will …
EDITORIAL & OPINION — ODDS ‘N’ SODS — The showing (January 11, 1999)
Around 1955, I became associated with three Irish prospectors from Noranda, Que. Being French-Canadian and from Rouyn, this good relationship was quite an education for me.The three were employed by a…
Meetings (January 11, 1999)
Jan. 12, Afcan Jan. 12, Pinewood Jan. 12, Sahelian Jan. 12, Starcore Jan. 13, Armistice Jan. 13, Cascadia Jan. 13, Houston Lake Jan. 14, Crown Butte Jan. 14, CVL Res. Jan. 14, Gallery Jan. 14, New Ind…
EDITORIAL & OPINION — Mining expertise a national asset — Unsung achievers (January 11, 1999)
This January’s post-Christmas blues are bluer than most years for the mining sector. Metals prices are going nowhere, equity markets remain mired in the doldrums, and money is tougher to raise than ev…
MOST ACTIVE ISSUES (January 11, 1999)
ExchgVol(000s)HighLowCloseChangeWilliam ResT122580.060.040.06-0.00Barrick GoldT1204930.6529.2029.60-0.10Placer DomeT871518.1017.0717.45-0.15Royal Oak Mns*X69980.310.190.25…