William Resources sinks deeper into red
Despite having boosted overall gold production in 1997, William Resources (WIM-T) ended up deeper in the red.The mid-tier gold producer lost $77.5 million (or $1.58 per share) on revenue of $94 millio…
News
New association to fight for land rights
Beginning with land-use planning in Ontario and then reaching out across the continent, the fledgling North American Mining Association (NAMA) has set out to co-ordinate the advocacy efforts of all se…
Truck accident begets cyanide spill
An accident involving a truck on its way to the Kumtor gold mine in eastern Kyrgyzstan is causing headaches for Cameco (CCO-T) and may lead to a lawsuit or criminal proceedings.The truck, which was ca…
WESTERN MARKETS AND INVESTMENT NEWS – WESTERN MARKETS — South Voisey’s Bay juniors’ stocks hit hard
The Vancouver Stock Exchange composite index was off 1.5%, or 9.26 points, closing at 614.57 over the holiday-shortened report period ended May 19. The mining index slipped 10.07 points, or 2.1%, to f…
GOLD AND PRECIOUS METALS — Anzex drills for platinum in New Zealand
Anzex Resources (AZX-V) has initiated a drill program at its wholly owned Longwood project on New Zealand’s South Island.Anzex’s exploration licence covers the entire Longwood igneous complex, which t…
EDITORIAL — Training and technology not dirty words — Intellectual elitism
Bill Graham, president of the Canadian Association of University Teachers (CAUT), believes students are humanized by understanding philosophy, ancient history, or paintings on ancient Greek vases. Unf…
Query — No luck for Lucky Break Gold
I am seeking information about a penny stock, Lucky Break Gold, which was suspended from trading on the Vancouver Stock Exchange on Dec. 19, 1997. I have been trying in the past month to get answers f…
GOLD AND PRECIOUS METALS — Pacific Rim and Barrick continue drilling at Diablillos
Three of six holes put down by Pacific Rim Mining (PFG-T) near the margin of the Oculto deposit, on the Diablillos property in northwestern Argentina, have intersected narrow zones of mineralization.T…
WESTERN MARKETS AND INVESTMENT NEWS – EASTERN MARKETS — Plunging nickel, copper prices drag down majors
With the price of nickel nosediving US25cents over the past two weeks to US$2.20 per lb., both of Canada’s big nickel producers took hits over the report period ended May 19: Inco dropped $1.95 to $21…
INSIDER TRADING (May 25, 1998)
* First Dynasty Mines (FDM-T) — Jonathan Challis, director, was granted 75,462 options at 39cents to hold 140,462; Beverly Downing, director, was granted 75,462 options at 39cents to hold 150,462; De…
Zemex takes run at Inmet Mining — Takeover offer of $5 a share “chintzy” says James
Fresh from the successful conclusion of negotiations to sell its interest in the Antamina copper project in Peru, Inmet Mining (IMN-T) now finds itself the quarry in a takeover bid.The offer comes fro…
Agnico-Eagle keeps Laronde expansion on track
Agnico-Eagle Mines (AGE-T) is continuing to push ahead with its expansion of the Laronde division, a development that will slash costs and boost gold production once the project hits its stride in the…