COMMENTARY — Gold’s behavior predictable
.BRobert HoyeThere is an old saying in physics that if you keep your database short enough, it will fit your theory. The views of both goldbugs and goldphobes seem conditioned by events over only the …
News
MINING MARKETS & INVESTMENT NEWS — Nasdaq officials de-list Casmyn
The listings and qualifications panel has de-listed Casmyn from the National Association of Securities Dealers Automated Quotation, effective July 31.The reason is that Casmyn did not comply with the …
Mountain Lake buys into Valentine Lake
Mountain Lake Resources (MOA-V) is earning a half-interest in the Valentine Lake project in central Newfoundland.In return, the junior has agreed to spend $750,000 on exploration over four years, of w…
Companies (August 10, 1998)
Aber ResourcesAgnico-Eagle MinesAlberta EnergyAltius MineralsAmerica Mineral FieldsAmerican GemAnaconda UraniumAnglo AmericanAngloGoldAntares Mining & ExplorationAranlee ResourcesArgentina GoldArizona…
Meridian Gold expands Chilean discovery
Meridian Gold (MDG-N) has expanded a zone of high-grade gold-silver mineralization at the El Penon project in northern Chile.In July, the company discovered the Quebrada Colorada zone, and new high-gr…
MOST ACTIVE ISSUES (August 10, 1998)
ExchgVol(000s)HighLowCloseChangeCasmyn Corp *Q267…
NEWS IN BRIEF (August 10, 1998)
Fleck Resources (FLK-V) has changed its name to Polymet Mining (POM-V).
GOLD FUNDS (August 10, 1998)
Gold Funds as of July 30, 1998BGRCentralNet Value$13.81$6.18Price$10.20$5…
Skyline arranges placement
Junior International Skyline Gold (SK-T) has arranged a private placement of 500,000 units priced at 20 cents each and up to 500,000 flow-through shares at the same price.A unit consists of one share …
DIAMOND PAGE — Diagem finances Brazilian drilling
Intent on financing exploration of its diamond properties in Brazil, Diagem International Resource (DGM-V) has negotiated a private placement worth $500,000.The financing consists of 2.8 million units…
Ashanti triumphs over power crunch
Despite being pinched for power, Ashanti Goldfields (ASL-N) posted record production and lower costs during the second quarter.An ongoing drought in Ghana severely limited power for the company’s mine…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS –Toronto market falls sharply in broad selloff
The Toronto Stock Exchange took a beating over the report period July 29-Aug. 4 as markets around the world saw bears emerging from their dens.The TSE 300 composite index fell 363.51 points over the f…