EXPLORATION – NAME CHANGE (November 30, 1998)
Fairlane Transportation (FRT-V) has changed its name to Excellerated Resources (EXC-V) on a 1-new-for-4-old-share basis.
News
EXPLORATION — Noveder adds to Newfoundland holdings
The discovery of a gold showing along a bush road has prompted Noveder (NED-M) to option the Avalon property, a mere 2-hour drive from St. John’s, Nfld.Preliminary stripping and channel sampling over …
EXPLORATION – Cons. African aims drills at Collision
Consolidated African Mining (AFC-V) is encouraged with results from the first 20 holes drilled at its Collision gold property in central Zimbabwe.The London-based company is targeting an ironstone for…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Argentina heats up as Labrador’s juniors languish
The Vancouver Stock Exchange composite index slipped below the 400 mark, losing 11.27 points to finish the report period ended Nov. 24 at 389.76. The mining index followed suit, dropping 2.1 points to…
GREATEST VALUE TRADED (November 30, 1998)
ExchgVol (000s)HighLowCloseChangePlacer DomeT2256…
EXPLORATION – Virginia finds more gold in Quebec
Junior Virginia Gold Mines (VIA-M) has discovered more gold at its La Grande Sud and Poste Lemoyne properties in the James Bay region of northern Quebec.Four holes drilled at Grande Sud intersected a …
MOST ACTIVE ISSUES (November 23, 1998)
ExchgVol(000s)HighLowCloseChangePlacer DomeT10657…
DIAMOND PAGE — Winspear finances work program
Diamond explorer Winspear Resources (WSP-V) has arranged a private placement of up to 5 million units. The placement consists of 2 million non-flow-through units priced at $2 each and 3 million flow-t…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow flirts with 9,000 mark
The Dow Jones industrial average edged closer to the 9,000 point mark, actually surpassing that level during the report period of Nov. 11-17. The average was up 122.3 points (or 1.4%) to finish the we…
Royalty twins see mixed earnings
Lower gold prices have left Franco-Nevada Mining (FN-T) with lower earnings for the 6-month period ended Sept. 30, compared with the corresponding period of 1997, whereas sister company Euro-Nevada Mi…
CORRECTION (November 23, 1998)
The Tarmoola gold mine in Australia is owned and operated by Pacific Mining, a public company listed on the Australian stock exchange, rather than Teck (TEK-T), as reported in our issue of Nov. 2-8. H…
Dayton records operating loss
Although the Andacollo mine in central Chile is breaking previous production records, its owner, Dayton Mining (DAY-T), posted a third-quarter loss of $3.2 million (or 12 cents per share) on revenue o…