GOLD FUNDS (July 06, 1998)
Gold Funds as of June 25, 1998BGRCentralNet Value$13.65$5.93Price$10.05$5…
News
LETTERS TO THE EDITOR — Levelling the diamond field for all players
The dawning of the Canadian diamond industry and all it entails is upon us. Unfortunately, most Canadian and U.S. investors are not fully aware of the opportunities and pitfalls of the gemstone busine…
DIAMOND PAGE — Another kimberlite found at Victoria Island
Monopros has intersected a fifth kimberlite at the Victoria Island diamond project in the Northwest Territories.The De Beers Consolidated Mines (DBRS-Q) subsidiary can earn a 51% interest in the 809,3…
EDITORIAL — Cartels may give way to cooperatives — New players in the sandlot
Milk producers do it, along with egg farmers. Wheat farmers do it (though some would rather not), while oil producers tried to do it, but weren’t disciplined enough to suceeed. Microsoft’s Bill Gates …
African nations set standards
A new agreement among 16 West and Central African nations will benefit the business practices of western mining companies operating in the region, according to Price Waterhouse.The Organization for th…
MOST ACTIVE ISSUES, June 23-29
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MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow Industrial retests 9,000 mark
The Dow Jones Industrial average was up 168.90 points (or 1.9%) over the report period June 24-29 to close at 8,997.36 in pre-holiday trading.Mining issues were mixed, with a few more losers than gain…
DIAMOND PAGE — Seahawk nabs Brazilian emerald play
In a departure from its focus on gold exploration, Seahawk Minerals (SKM-V) has acquired an emerald property in Brazil.The company is putting together a land package south of Belo Horizonte in Minas G…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Snap Lake drilling piques investors’ interest in Winspear
The Vancouver Stock Exchange composite index remained relatively unchanged over the holiday-shortened report period of June 24-29, slipping just one-fifth of a point to close at 532.24. The mining ind…
Radisson uncovers gold-bearing veins
Drill results from the O’Brien gold property in Quebec’s Cadillac Twp. are stimulating the exploration efforts of Radisson Mining Resources (RDS-M).The junior is earning a half-interest in the past pr…
Ateba enters environmental business
Though still committed to diamond exploration in California, Ateba Mines (ABM-A) has entered the environmental cleanup business through a newly acquired subsidiary, Claytech Environmental Services.Ate…
DIAMOND PAGE — Poplar, partner to develop past producer
Poplar Resources (PPX-V) and its partner have been granted a mining permit to begin operations at the Aardvark diamond projectin South Africa’s Orange Free State.The permit, which was granted to Popla…