TVI takes on partner
TVI Pacific (TVI-T) has signed up a partner to help explore its Rapu Rapu and Buenavista gold properties on the Philippine island of Luzon.A private Philippine company can a earn a 75% interest in eac…
News
Dayton to restructure debt
Dayton Mining (DAY-T) reports that it is in discussions with its creditors for the purpose of restructuring its bank debt.All existing defaults were waived by the lenders through to Oct. 19, 1998, but…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Modest loss for Dow
During the report period ended Oct. 27, the Dow Jones industrial average slowed its pace, having posted heavy gains in the previous week. The Dow slipped 139.81 points, or 1.6%, to close at 8,366.04.M…
Economics improved at Cristinas
Placer Dome (PDG-T) has reduced the anticipated average production costs at its 70%-owned Las Cristinas gold project in southeastern Venezuela.The reduction of operating costs and the increase in prod…
TSE INDICES (November 02, 1998)
1998Oct. 27Oct. 26Oct. 23Oct. 22Oct. 21HighLowCom…
TSE SHORTS (November 02, 1998)
Short positions outstanding at October 15, 1998Larger individual positions include:Abitibi-Consolidated 1,056,644, up 75,600; Alcan Aluminium 1,227,872, down 75,794; Anderson Exploration 142,585; Arge…
GREATEST VALUE TRADED (November 02, 1998)
ExchgVol (000s)HighLowCloseChangePlacer DomeT2864…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold sub-index gains despite metal’s retreat
The Oct. 21-27 report period saw a cooling-off in the autumn rally in gold and gold stocks, with the yellow metal sliding back $3.15 to US$293.75 per oz. on the London morning fix of Oct. 28. Nonethel…
SPOT PRICES (November 02, 1998)
Wednesday October 28, 1998Price (US)Week’s ChangeGold*$293.75-$3.15Silver*$ 5.06…
METAL PRICES (November 02, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 27Oct. 26Oct. 23Oct. 22…
Juniors examine Menarik
Juniors Canspar Resources (CSZ-M) and Pro-Or Mining Resources (POI-M) are joining forces to explore and develop the Menarik chromite-platinum-palladium project in the James Bay region of northern Queb…
AG hits more gold at Amable
In a market starved for trading opportunities, investors are keeping a close eye on Argentina Gold (ARP-V). The Vancouver-based junior has released more encouraging drill results from the Amable targe…