Teck’s (TEK-T) 40% interest in Alaska’s Pogo gold project is comparable in significance to the company’s half-interest in the David Bell gold mine in Hemlo, Ont.That was the message stressed by Presid…
Wednesday July 29, 1998Price (US)Week’s ChangeGold*$291.00- $3.40Silver*$ 5.67…
The Vancouver Stock Exchange composite index tumbled below the 500-level during the report period ended July 28 to close at 488.97, down 22.54 points, or 4.4%. The mining index was off 5.3%, losing 19…
The Dow Jones Industrial Average continued its wild ride, jumping by as much as a 100 points during the report period, only to shed up to 200 points by its close on July 28. The average finished the p…
Short positions outstanding at July 15, 1998Larger individual positions include: Abacan Resource 399,500; Abitibi-Consolidated 744,389, down 93,457; Alcan Aluminium 761,322, down 154,803; Anderson Exp…
Junior Tri Origin Exploration (TOE-T) has outlined several promising gold targets at its English gold property near Timmins, Ont.The announcement follows a program of geochemical prospecting and soil …
Toronto-based Eastmain Resources (ER-T) has begun a diamond drill program at the Rocky Lake-Otter Brook property in the Bathurst camp of New Brunswick.The 1,500-metre program will target electromagnet…
Luscar Coal Income Fund has launched a takeover bid for Manalta Coal Income Trust, owner of Manalta Coal, in a $550-million deal that would create North America’s sixth-largest producer.The takeover i…
Weak gold prices do not appear to be taking much of a toll on Montreal-based Richmont Mines (RIC-T).The company posted net earnings of $1.4 million for its latest quarter ended June 30, up from $1 mil…
By expanding one of its concentrators, Freeport-McMoRan Copper & Gold (FCX-N) has achieved record throughput levels at the Grasberg copper-gold mine in Irian Jaya, Indonesia.The company, through 85%-o…
A devalued Loonie and poor performances in the metals sector contributed to a dismal performance by the Toronto Stock Exchange 300 index during the report period July 22-28. The index finished the wee…
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…
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