Low prices push Breakwater into red
Base metal companies are not having an easy time staying in the black in these days of low metal prices, and Breakwater Resources (BWR-T) is no exception.The company posted a net loss of $10.9 million…
News
SPOT PRICES (November 16, 1998)
Wednesday November 11, 1998Price (US)Week’s ChangeGold*$293.60+$3.50Silver*$ 4.99…
GOLD FUNDS (November 16, 1998)
Gold Funds as of November 5, 1998BGRCentralNet Value$14.495.87Price$10.75…
Juniors find hurdles in property deal
The vendor is trading at 2 cents; the potential purchaser at 6 cents. The tough times for junior companies are not helping two companies conclude an agreement for the sale of a 50% interest in the Len…
DIAMOND PAGE — Trivalence reports snags at Aredor mine property
Although hampered by heavy rains and a high sand content, Trivalence Mining (TMI-V) managed to recover 4,783 carats of diamonds from its Guinean concession in the third quarter.More than 129,000 tonne…
EDITORIAL & OPINION — COMMENTARY — Benefits rival adventure for overseas workers
For many North American miners, future prosperity will depend on the performance of operations in remote parts of Africa, Asia and Latin America. However, these companies sometimes find that employees…
Novicourt takes hit
Third-quarter earnings of Novicourt (NOV-T) show little change from a year ago, though its 9-month statement is down $3.1 million from the first nine months of 1997.Quarterly earnings amounted to $1.5…
Companies (November 16, 1998)
AG Armeno Mines & MineralsAgnico-Eagle MinesAlberta EnergyAmblin ResourcesAMT International MiningAnglogoldApex Silver MinesArgent ResourcesAshton Mining of CanadaAsia Pacific ResourcesAuriz…
EDITORIAL & OPINION — Minerals essential to physical well-being — Prescription for healthier lives
“Mine-free by ’93” was one of many anti-mining slogans adopted by environmental extremists in the late 1980s as they tried to convince the public that there was no longer a need to extract metals and …
Philex remains in the red
Plummeting production at its Philippine gold operations continues to plague Philex Gold (PGI-T), with the junior reporting yet another quarterly loss.For the three months ended Sept. 30, Philex lost U…
BOOK REVIEW — Efforts of union organizer King recalled
Red Bait!:Struggles of a Mine Mill LocalBy Al King, with Kate BraidKingbird Publishing8096 Elliott StreetVancouver, B.C. V5S 2P2Red Bait!, written by Al King with the help of his editor and “vulgarity…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Barrick Gold insiders exercise options, sell shares
In September, eight executives of Barrick Gold (ABX-T) took advantage of the company’s resurgence in market value by collectively selling 643,100 shares.Charles Birchall, director, sold 160,000 shares…