FINANCINGS (April 27, 1998)
Riverdance Resources has closed a $152,000 private placement consisting of approximately 1 million units priced at 15cents.Each unit consists of one share and one warrant entitling the purchase of an …
News
Romarco calculates resource at Midas
After two field seasons, Romarco Minerals (R-T) has completed a resource calculation on its Midas gold-silver property in northern Nevada.Based on 51 drill holes on the Gold Crown vein, two footwall v…
IDS bids for Scintrex — Ottawa firm looks to new markets
Ottawa-based chemical detection technology firm Intelligent Detection Systems (IDS) has offered to acquire all the issued and outstanding shares of Concord, Ont.-based instrumentation manufacturer Sci…
U.S. MARKETS — Dow ends on new high
The Dow Jones Industrial average closed the April 15-21 report period at a record high of 9,184.94. The average was up 74.74 points, or 0.8%, for the week.A surge in the price of gold late in the repo…
TORONTO STOCK EXCHANGE INDICES (April 27, 1998)
1998Apr. 21Apr. 20Apr. 17Apr. 16Apr. 15HighLowCom…
Property writedowns lead to year-end loss for Viceroy Resource
Writedowns to the tune of $9.3 million contributed to a year-end loss for Vancouver-based Viceroy Resource (VOY-T).The company recorded a loss of $5.5 million (or 11cents per share) on sales of $89.5 …
PRODUCER AND DEALER PRICES (April 27, 1998)
Aluminium: LME settlements US$1,419, alloy US$1,279 per tonne (Apr. 21/98).Antimony: Representative mid-market US$1,565 per tonne (Apr. 9/98).Bismuth: Representative mid-market US$4.05 per lb. (Apr. 9…
MINING MARKETS AND INVESTMENT NEWS — Juniors continue financings for work programs
The VSE has accepted for filing a non-brokered private placement of 522,419 units of Consolidated Trilogy Ventures (CTJ-V) at 31cents each, for proceeds of $162,000.Each unit consists of one share and…
MINING MARKETS AND INVESTMENT NEWS — EASTERN MARKETS — Rise in precious metals fails to boost TSE
The Toronto Stock Exchange 300 index lost 15.01 points, or 0.19%, during the report period ended April 21, to finish at 7765.52.With the exception of platinum, which fell US$11 to US$417 per oz., all …
Ungava option killed
Ungava Minerals (UNGV-C) has terminated its previously announced option agreement with High North Resources (HNRI-C) (formerly Canadian States Resources) regarding claims and permits in the Ungava tro…
Yamana augments land package
With six new cateos, Yamana Resources (YRI-T) has more than doubled its land position in the silver-rich western portion of the Santa Cruz project in southern Argentina.After two successful rounds of …
Willow partners assess sampling data
Partners CaribGold Resources (CG-T) and Pure Gold Minerals (PUG-T) have cause for optimism at their jointly held Willow diamond property in southern Saskatchewan.Data, only recently discovered, from a…