TSE INDICES (September 14, 1998)
1998Sept.8Sept.7Sept.4Sept.3Sept.2HighLowComposit…
News
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Tide begins to turn for beleaguered eastern markets — Placer Dome, Barrick among majors to benefit from renewed confidence
Reports during the Sept. 2-8 report period that U.S. interest rates may soon be lowered translated into a near-reversal of last week’s market turmoil, with the Toronto Stock Exchange 300 index rising …
GOLD FUNDS (September 14, 1998)
Gold Funds as of September 3, 1998BGRCentralNet Value$12.63$5.79Price$8.50…
MINING MARKETS & INVESTMENT NEWS — Montreal, Vancouver list homegrown copper explorers
Matemec Explorations (MAT-M), a junior searching for base metals on Quebec’s North Shore, has been called for trading on the Montreal Exchange.The company’s initial public offering raised $716,000 thr…
Maya expands Rio Rico prospect in Honduras
Spokane-based Maya Gold (MAY-A) is expanding the limits of a newly discovered area of mineralization in the jungles of central Honduras.The company has located two additional zones of alteration and m…
GREATEST VALUE TRADED (September 14, 1998)
ExchgVal($000s)HighLowCloseChangeBarrick Gold…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Western markets take step on road to recovery — Polymet, Auspex, Int’l Vestor witness boost in price of shares
The Vancouver Stock Exchange composite index hurtled over the 400 level, making a comeback from last week’s carnage. The index gained 19.53 points, or 5%, to close at 408.39 over the holiday-shortened…
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — Namco boosts output in Namibia
Operator Namibian Minerals (NMR-T) produced 30,300 carats of alluvial diamonds from the Luderitz Bay concession in its latest quarter, ended Aug. 31, up from the 25,900 carats produced in the previous…
Correction (September 14, 1998)
Mining at the Santa Gertrudis project, owned by Campbell Resources (CCH-N), ended in late 1997, though gold production will continue until all the ore remaining on leach pads is processed. The company…
DIAMOND PAGE — American Gem inks distribution deal
Toronto-based American Gem (GEM-V) has signed an agreement granting Gupta Gemhouse the right to become the exclusive distributor of its existing sapphire inventory and future production from the Gem M…
NEWS ROUNDUP — Goldcorp boosts Red Lake reserves
Ongoing definition drilling has enabled Goldcorp (G-T) to report a 47% increase in high-grade reserves at its Red Lake gold mine in northwestern Ontario.High-grade, probable reserves are calculated at…
LME WHSE LEVELS (September 14, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Sept. 8/98 (change from Sept. 1 in brackets):MetalStocks (tonnes)Change…