LATIN AMERICA — NAME CHANGE
Lone Star Exploration (LSE-V) has changed its name to Masmindo Mining (MME-V) on a 1-new-for-10-old-share basis.
News
LATIN AMERICA — Greenstone on track with mine commissioning
With mine commissioning under way at the San Andres gold mine in Honduras, Greenstone Resources (GRE-T) has arranged US$13 million in additional financing to ensure a smooth startup and withstand chal…
MINING MARKET & INVESTMENT NEWS — INVESTMENT COMMENTARY — Rubicon’s fundamentals pass muster with analysts
Analysts following junior mining companies are painfully aware that this sector has, of late, been finding little favor with investors. The bear market and low metal prices are inducing analysts to fo…
Sutton seeks funds for Tanzanian gold project
Three inauspicious factors — an 18-year low in the price of gold, the bombing of the U.S. embassy in Tanzania and the ongoing conflict in war-torn Democratic Republic of Congo — contributed to the r…
Claude cuts costs at Seabee
A cost-cutting program has enabled Saskatoon-based Claude Resources (CRJ-T) to report a 25% reduction in operating expenses at the Seabee gold mine in the La Ronge district of northern Saskatchewan.Th…
LATIN AMERICA — Magna solidifies holdings
Junior Consolidated Magna Ventures (CMV-V) has earned a majority interest in the Koala I property in Mexico’s Chihuahua state.The Vancouver-based company now owns a 70% interest in the 990-ha property…
Kimberlite eludes partners
No kimberlite was found during recent diamond drilling on the Kikerk Lake project, 500 km north of Yellowknife, N.W.T.Condor International Resources (COD-V) completed 11 core holes totalling 549 metre…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Resource stocks stagnate under Western malaise
The Vancouver Stock Exchange indices continued their downward spiral during the report period ended Aug. 25. The composite index lost 18.67 points, or 4.2%, to close the week at 430.41, while the mini…
METAL PRICES (August 31, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateAug. 25Aug. 24Aug. 21Aug. 20…
LETTERS TO THE EDITOR — Minister backs standards talks
In response to your editorial “Anyone Listening?” I am writing to assure your readers that the government is listening.As minister of northern development and mines, I am well aware of the importance …
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — BMR insider off-loads shares
Published reports by the Ontario Securities Commission show that a director of BMR Gold (BGL-T) sold several blocks of shares in that company in June.Frank Varseveld sold 17,000 shares directly at 6 c…
Study gives thumbs-up to Nord in PNG
Albuquerque-based Nord Pacific (NPF-T) has concluded that the proposed Simberi Island gold mine in Papua New Guinea (PNG) can make money.Results from an in-house update of a previous feasibility study…