Eskay Creek spins out cash for Prime
Record production and lower cash costs at the Eskay Creek gold-silver mine in northwestern British Columbia are strengthening the bottom line of cash-rich Prime Resources Group (PRU-T).Besides Eskay C…
News
Index (July 27, 1998)
CareersClassifiedDiamondsDrillersEditorialGuest ColumnInsider TradingInvestment CommentaryLetters to the EditorMetal PricesMining Markets andInvestment NewsOdds ‘n’ SodsProfessional DirectoryQueryStoc…
St. Jude outlines Father Brown zone
Junior St. Jude Resources (SJD-V) continues to outline gold mineralization at the Father Brown zone, the primary drill target on the Hwini-Butre concession in Ghana, West Africa.The company holds an o…
Lawsuits, hearings focus on disclosure, corporate conduct — Regulators and shareholders train sights on Crystallex, Naxos, Cartaway and First Marathon
As if to signal the end of the 1990s bull market for resource stocks, irate shareholders and vigilant securities regulators have taken aim at a powerful brokerage firm and several junior companies tha…
MINING MARKETS AND INVESTMENT NEWS — Investment Commentary — Analyst sees upside for Quebec-based McWatters Mining
Operating narrow-vein, underground gold mines in Canada requires technical skill and financial staying power, particularly in times of low gold prices.Though relatively new to the game, McWatters Mini…
LETTERS TO THE EDITOR — Bishop responds to accusations
In a recent letter (“Industry needs dose of credibility,” T.N.M., June 29-July 5, 1998), Daniel MacAlpine writes, “When Bob Bishop blamed the Crystallex loss on the crooked Venezuelan courts, he shirk…
SPOT PRICES (July 27, 1998)
Wednesday July 15, 1998Price (US)Week’s ChangeGold*$294.40+ $1.60Silver*$ 5.65…
U.S. MARKETS — Dow drops from near high
The Dow Jones Industrial average plunged more than 100 points on July 21, the final day of our report period, after nearly touching the 9,400 mark.Overall, the Dow was off 55.35 points at 9,190.19.On …
MINING MARKETS AND INVESTMENT NEWS — Query — Little or no hope for Galactic
I’m a shareholder of Galactic Resources, which in 1990 was Robert Friedland’s flagship company. At the time, it owned and operated the Summitville mine in Colorado and had total assets of $120.7 milli…
Pangea, Sundust hit more high-grade gold
Equal partners Pangea Goldfields (PGD-T) and Sundust Resources (SUN-M) have intersected more high-grade gold at their Victoria joint venture in west-central Peru.So far, 78 diamond drill holes exceedi…
MINING MARKETS AND INVESTMENT NEWS — Western markets — Western markets slide into dog days of summer
The Vancouver Stock Exchange composite index dropped 8.53 points to close at 511.51 over the report period ended July 21. Cowering in the claws of a bearish market, the mining index shed 10.85 points …
Platinova busy in Greenland
At its West Greenland diamond project, Platinova (PAS-T) has discovered a field of kimberlite boulders containing xenoliths of mantle material on the shore of a lake.The lake is 500 metres in diameter…