LME Warehouse Levels (May 11, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Apr.28/98 (change from Apr. 21 in brackets):MetalStock(tonnes)Change…
News
Abacus hits hot values at La Manchuria
Abacus Minerals (AMC-T) has received results from the first two holes of its recently completed first-phase drill program at the La Manchuria property in Argentina’s Santa Cruz province.Both holes enc…
Rio Algom’s operations enjoy profitable quarter
While weak copper prices hurt its bottom line, Rio Algom (ROM-T) nevertheless turned in a strong quarter from an operational standpoint, with both increased copper production and lower cash costs.The …
Insider Trading Insiders tighten grip on World Wide
Senior management of World Wide Minerals (WWS-T) dramatically increased their stock in that company through private placements in March, according to insider trading reports released by the Ontario Se…
EDITORIAL — Is the Asian economic crisis over? — Not yet, says IMF
Michael Camdessus, managing director of the International Monetary Fund (IMF), concedes that his organization’s effort to resolve the Asian economic crisis has generated plenty of skepticism.Speaking …
DIAMOND PAGE — Anzex sets sights on New Zealand
New kid on the block Anzex Resources (AZX-V) is searching for platinum and gold in New Zealand.With the gradual decline in production and supply of platinum and palladium and the resultant price jump …
INSIDER TRADING — Romarco insiders exercise options
Reports issued by the Ontario Securities Commission show that executives at Romarco Minerals (R-T) were active traders in that company’s stock from December 1997 to February 1998.Judith Robinson, dire…
Base metal exploration comes out of the shadows
After a long period in the shadow of the precious metals, the base metals appear to be regaining some of their past glory in exploration in the Canadian Shield.Three projects in northwestern Ontario o…
TORONTO STOCK EXCHANGE INDICES (May 04, 1998)
1998Apr. 28Apr. 27Apr. 24Apr. 23Apr. 22HighLowCom…
Behre Dolbear provides push for Atlanta mine
Denver-based consulting firm Behre Dolbear & Co. will help Twin Gold (TWG-T) advance the Atlanta gold mine to the production stage.The mine, a former producer situated near Boise, in southwestern Idah…
MINING MARKETS AND INVESTMENT NEWS — Investment Commentary — Merger merits wait-and-see stance
Roger Chaplin, mining analyst with T. Hoare & Co., is recommending a wait-and-see attitude following the announcement of the mega-merger between Kinross Gold (K-T) and Amax Gold (AU-N), which will cre…
Millstream nabs remainder of Potter property
Toronto-based Millstream Mines (MLSM-C) has acquired the remaining interest in the Potter polymetallic property in Munro Twp., 80 km east of Timmins, Ont.The junior paid a private vendor $3 million an…