Chesbar buys into Intrepid’s projects
Chesbar Resources (CBI-M) is joining forces with Intrepid Minerals (IAU-A) to explore and develop silver and gold properties in Guatemala.Chesbar has paid US$200,000 for a 25% interest in Intrepid’s G…
News
Breakwater nixes Bolivian zinc deal
Breakwater Resources (BWR-TWR-T) is scrapping its plans to buy a controlling interest in Bolivian zinc producer Minera.The company attributes the decision to delays caused by Minera’s failure to restr…
Homestake ceases underground mining — ‘Substantial loss’ at mine prompts company to get house in order
For only the second time in its 122-year history, the Homestake gold mine near Lead, S.D., has ceased production from underground.Homestake Mining (HM-N) stated, however, that after a dramatic restruc…
STOCK MARKETS — Gold majors post gains as bullion rises — Base metal producers also enjoy a better week
Led by the surprising performance of the golds, the Toronto Stock Exchange 300 composite index ended the report period of Jan. 14-20 at 6509.45, a recovery of 179.86, or 2.8%, over its level of Jan. 1…
AFRICA — East Africa Gold expands Tanzanian holdings
Perth, Australia-based East Africa Gold (EAG-V) has increased its holdings in the Lake Victoria Goldfields region of northwestern Tanzania.EAG has acquired a 23-sq.-km prospecting licence at South Mwa…
LETTERS TO THE EDITOR — Boom to bust and back again
The exploration industry has not experienced anything quite like the level of activity we have had over the past three years. It has been a world-wide party in terms of footage drilled, but, like all …
MOST ACTIVE ISSUES, Jan. 14-20
ExchgVol(000s)CloseWestmin ResT170785.30Barrick GoldT…
GOLD FUNDS (January 26, 1998)
Gold Funds as of January 15, 1998BGRCentralNet Value$14.49$5.99Price$11.50…
LME WHSE LEVELS (January 26, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.20/98 (change from Jan. 13 in brackets):MetalStocks(tonnes)Change…
AFRICA — Diamond Fields Int’l plans public offering
Diamond Fields International intends to spend $15 million this year to advance its fully owned offshore marine grants in the southern African nation of Namibia.The work program will be partially finan…
Index (January 26, 1998)
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Meetings (January 26, 1998)
Jan. 28, Hurley RiverJan. 28, MacMillan GoldJan. 28, Ohio Res.Jan. 28, PantherJan. 28, TornadoJan. 29, Dore NorbaskaJan. 29, GoldtexJan. 29, Molycor GoldJan. 30, AlexanderJan. 30, ExcellonJan. 30, HMH…