Shareholders of Redaurum are being asked to vote in favor of a proposed amalgamation with Remick Investments, which will entail issuing more than 1.7 billion Redaurum shares to Remick, then consolidat…
Staying the course in Venezuela after the short-lived gold rush of the late 1980s may yet pay off for Monarch Resources (MRE-T), operator of the La Camorra gold mine in Bolivar state.Despite the curre…
Wednesday September 2, 1998Price (US)Week’s ChangeGold*$280.00-$2.50Silver*$ 4.85…
The recently completed merger with Amax Gold has provided a dramatic boost in revenue for Kinross Gold (K-T), as well as a larger stable of mines to manage. With gold prices at near-record lows, the T…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug. 31/98 (change from Aug. 25 in brackets):MetalStocks(tonnes)Change…
Markets around the world were rocked during the Aug. 26-Sept. 1 report period as trading sessions saw maximum volatility and volume.Jittery North American markets sunk several percentage points on Aug…
The Dow Jones Industrial average lost 512 points on Aug. 31, its second-largest point drop in history. A rally the following day salvaged some of the damage as the Dow posted a 775-point loss, or 9%, …
Gold Funds as of August 27, 1998BGRCentralNet Value$12.16$6.01Price$8.55$…
Low gold prices have prompted Vista Gold (VGZ-T) to scale down mining plans at the Amayapampa gold project in Bolivia.The company completed a feasibility study for a 3,000-tonne-per-day operation in t…
Despite poor gold prices, Akrokeri Ashanti Gold Mines (aagm-c) reported a slight profit for the second quarter of 1998.The company posted earnings of US$87,271 (or 0.2 cents per share) on revenue of U…
Index AAber ResourcesAkrokeri Ashanti Gold MinesAnatolia Minerals DevelopmentAsarcoAshanti GoldfieldsAZCO MiningBreakwater ResourcesCambiorCamphor VenturesCanarc ResourceClaude ResourcesDayton MiningD…
The Vancouver Stock Exchange composite index plunged through the 400 level during the report period Aug. 26-Sept. 1 to close at 388.86, down 41.55 points, or 9.7%. The mining index followed suite, she…
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