Scintrex urges rejection of takeover bid
In an attempt to keep shareholders on side and thwart a hostile takeover bid, exploration instrument firm Scintrex has increased the value of its shares above a proposed buyout price by tacking on a s…
News
MINING MARKETS AND INVESTMENT NEWS — Analysts watch Abacus in Argentina
Russ Cranswick, analyst with Research Capital, is keeping a close eye on the activities of Abacus Minerals (AMC-V) at La Manchuria, a gold-silver property in Argentina’s Santa Cruz province.The curren…
MINING IN CANADA — Hemisphere tests for Territorial treasures
Equal partners Hemisphere Development (HSD-V) and Aber Resources (ABZ-T) report that a new phase of drilling has begun on the Sunrise Lake volcanogenic massive sulphide deposit 70 miles northeast of Y…
MOST ACTIVE ISSUES, April 22-25
ExchgVol(000’s)Close.ZSBarrick GoldT931632.70Placer DomeT…
GREATEST VALUE TRADED, April 22-25
ExchgVol(000’s)HighLowCloseChangeBarrick GoldT310…
SPOT PRICES (May 04, 1998)
Wednesday, April 29, 1998 Price (US)Week’s ChangeGold*$307.55- $3.65Silver*$ 6.11…
Earnings improve for Battle Mountain
Despite a downturn in the price of gold, Battle Mountain Gold (BMG-N) cut its losses considerably in the first quarter on the strength of lower operating costs.The company reported a net loss of US$3….
PRODUCER AND DEALER PRICES (May 04, 1998)
Aluminium: LME settlements US$1,449, alloy US$1,305 per tonne (Apr. 28/98).Antimony: Representative mid-market US$1,550 per tonne (Apr. 28/98).Bismuth: Representative mid-market US$4.00 per lb. (Apr. …
MINING MARKETS AND INVESTMENT NEWS — INVESTMENT COMMENTARY — Analysts see exploration upside for Western Copper
Mining analysts Glenn Brown and Richard Gray of Canaccord Capital see more upside for Western Copper Holdings (WTC-T), a Vancouver-based junior which holds a 45% interest in San Nicolas, a classic Kur…
Companies (April 27, 1998)
Abacus MineralsAlta GoldAmax GoldAnglo AmericanArian ResourcesAtapa MineralsAurado ExplorationBattle Mountain GoldBema GoldBice VenturesBlue Ribbon ResBreakwater ResBroken Hill ProprietaryCamecoCampho…
MINING MARKETS AND INVESTMENT NEWS — Royal insiders exercise options
Senior management exercised options for Royal Gold (RGLD-Q) during January.According to filings with the U.S. Securities and Exchange Commission, President Peter Babin and Chairman Stanley Dempsey eac…
Drilling continues at Taylor property
Ongoing drilling at the Taylor gold property in the Matheson area of northeastern Ontario has returned favorable results for owner St Andrew Goldfields (SAS-T).Twelve of 14 infill holes drilled at the…