Drilling adds more sparkle to Meadowbank
A winter drilling campaign at the Meadowbank gold project of Cumberland Resources (CBD-T) has connected the Third Portage and North Portage zones, while extending the adjacent Bay zone northwards.The …
News
River Gold buys Mishi
River Gold Mines (RIV-T) has acquired the Mishi Lake gold deposit near Wawa, Ont.The vendors, MacMillan Gold (MMG-T) and Mishibishu Gold (MGO-V), held 40% and 60% interests, respectively.River’s cost …
Shear slippage blamed for dam failure
A preliminary report by a Spanish consulting firm suggests that the Los Frailes tailings dam near Aznalcollar, Spain, failed when a shear zone in the underlying rocks slipped.In a report to owner Boli…
Canada issues silver coin
In sports, bigger is often better, so it is fitting that the Royal Canadian Mint has made its new sport-themed silver coins the largest-ever legal tender Canadian coins.The four 10-oz. sterling silver…
MINING MARKETS & INVESTMENT NEWS — Horst turfed from Dayton board at annual meeting
At the annual meeting of Dayton Mining (DAY-T), dissident shareholder Manchester Securities succeeded in ousting Dayton Chairman Roland Horst and the entire board of directors.Before the votes were ca…
MOST ACTIVE ISSUES, June 10-16
ExchgVol(000s)HighLowCloseChangePlacer DomeT6882…
Grayd hits massive sulphides
In a continuation of last year’s drilling program, Grayd Resource (GYD-V) has encountered volcanogenic massive sulphide mineralization in the first three stepout holes in the Fosters Creek area of the…
Geomaque optimizes mine
Estacion Llano, Mexico — Striving to keep ahead of slumping gold prices, Geomaque Explorations (GEO-T) continues to optimize operating performance at its wholly owned San Francisco gold mine.Since it…
SPOT PRICES (June 22, 1998)
Wednesday June 17, 1998Price (US)Week’s ChangeGold*$288.40- $5.75Silver*$ 5.28…
LME WAREHOUSE LEVELS (June 22, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 8/98 (change from June 1 in brackets):MetalStock (tonnes)Change…
GREATEST VALUE TRADED, June 10-16
ExchgVal($000s)HighLowCloseChangeBarrick GoldT137…
MINING MARKETS & INVESMENT NEWS — U.S. markets — Mining companies hit new lows
Turmoil in the Asian markets sent the Dow Jones Industrial average down 384.63 points, or 4.2%, during the report period of June 10-16, including a drop of more than 200 points on June 15. The Dow clo…