TSE SHORT POSITIONS (March 16, 1998)
Short positions outstanding at February 28, 1998Larger individual positions include: Anderson Expl 56,300, down 642,300; Barrick Gold 13,457,730, down 5,204,067; Caledonia Mining 2,500, down 259,500; …
News
Richmont Mines nearly doubles revenues
Low gold prices may have hurt its earnings, but Richmont Mines (RIC-T) still enjoyed its sixth consecutive year of profitability in 1997.Revenue during the 12-month period nearly doubled, to $38.7 mil…
STOCK MARKETS — Base metals head up in buoyant market — TSE indexes make new highs as base metals jump 7%
The base metal stocks were the stars of the market as the Toronto Stock Exchange reached a new all-time high on Mar. 10. Over the five trading days Mar. 4-10, the TSE 300 composite index climbed 158 p…
Coalition force clears Sierra Leone of military junta
The cloud hanging over political, social and economic life in Sierra Leone appears to be clearing, paving the way for mining companies to rebuild and restart their operations.In mid-February, a Nigeri…
TSE INDICES (March 16, 1998)
1998Mar. 10Mar. 9Mar. 6Mar. 5Mar. 4HighLowComposi…
METAL PRICES — Daily Metal Prices (March 16, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMar. 10Mar. 9Mar. 6Mar. 5Mar. 4…
STOCK MARKETS — El Misti Gold among VSE volume leaders once again — International CanAlaska makes deal with Royal Oak on Timmins-Michie
The Vancouver Stock exchange composite index lost 5.88 points, or 0.9%, to close at 624.77 over the report period ended Mar. 10. The mining index also lost ground, slipping 7.9 points, or 1.5% to clos…
NovaGold hits hot holes at Murray Brook property
Dartmouth, N.S.-based NovaGold Resources (NRI-T) is encouraged by diamond drill results from its Murray Brook polymetallic property, 37 miles west of Bathurst, N.B.The recently completed program, whic…
Lacklustre gold prices take shine off Agnico-Eagle
For 1997, Agnico-Eagle Mines (AGE-T) reported a loss of $121.6 million (or $2.83 per share), attributing the red ink to low gold prices. By comparison, the previous year saw the company earn $300,000 …
Inco fined over fatal mine accident
Inco has been fined $750,000 for violations of the Occupational Health and Safety Act that resulted in the death of a miner at the company’s Copper Cliff South mine, in Copper Cliff, Ont.In April 1996…
Redaurum to sell River Ranch
Redaurum (RRK-T) has suspended operations at its 50%-held River Ranch diamond mine in Zimbabwe.Redaurum says it has entered negotiations with various prospective buyers.The mine had been operated by a…
First Dynasty pours Armenian gold
First Dynasty Mines (FDM-T) has joined the gold production ranks, pouring its first gold bar at the Ararat tailings project in western Armenia.The Singapore-based company has spent US$12 million to co…