Battle Mountain battles low gold prices
Despite considerable progress in cutting production costs, Battle Mountain Gold (BMG-N) posted a net loss of US$11.1 million (or 5 cents per share) for the quarter ended June 30.The loss, which includ…
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Freeport achieves record throughput at Grasberg
As part of its “hunker down and go” program, Freeport-McMoRan Copper & Gold (FCX-N) is focusing on cutting costs and boosting production at its core operation, the giant Grasberg gold-copper mine in I…
MINING MARKET & INVESTMENT NEWS — Nebex deal in jeopardy
An inability to raise required financing has placed Nebex Resources (NBT-T) in breach of a definitive agreement to acquire the Munelle base metal concession in Albania.The Calgary-based junior was una…
MINING MARKET & INVESTMENT NEWS – INVESTMENT COMMENTARY — Anglogold leads the way in international gold sector
An African lion roared on Wall Street this summer to signal the arrival of Anglogold as the newest listing on the New York Stock Exchange. Simon Beardsmore, gold analyst with T. Hoare & Co., says the …
TSE SHORT POSITIONS (August 24, 1998)
Short positions outstanding at July 31, 1998Larger individual positions include: Barrick Gold 13,369,274, up 452,654; Birim Goldfields 0, down 129,500; Campbell Res 933,030, down 630,600; Greenstone R…
SPOT PRICES (August 24, 1998)
Wednesday Aug 19, 1998Price (US)Week’s ChangeGold*$285.75+$0.25Silver*$ 5.10…
GOLD FUNDS (August 24, 1998)
Gold Funds as of Aug 13, 1998BGRCentralNet Value$12.86$5.90Price$9.50$5.6…
METAL PRICES (August 24, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)1998Aug. 18Aug. 17Aug. 14Aug. 13…
Tri Origin tests anomalies Down Under
Partners Tri Origin Exploration (TOB-T) and Delta Gold of Australia have identified new gold occurrences and intersections at their equally shared Calarie property in New South Wales.Three holes, 1, 2…
DIAMOND PAGE — Golconda eyes California gems
A sampling program by Golconda Resources (GA-A) will test claims in northern California deemed prospective for diamonds.The junior recently signed an agreement to acquire the claims, which cover an ol…
DIAMOND PAGE — Trivalence drills recover diamonds
Junior Trivalence Mining (tmi-v) is encouraged by results from drilling carried out on the K-7 kimberlite, which is currently the focus of attention at the Aredor diamond concession in Guinea, West Af…
Coal prices hit Hillsborough
The first six months of the year proved tough for Hillsborough Resources (HLB-T) in light of poor Asian economies, increased costs and lower coal prices.The company, which owns 63% of the Quinsam coal…