Vengold boosts stake in Lihir gold mine
Vengold (VEN-T) has purchased a further 6.5% stake in the Lihir gold mine in Papua New Guinea. The $133.5-million acquisition raises its interest to 19%, making it the largest of Lihir’s stakeholders….
Battle Mountain Gold Company
Companies (August 03, 1998)
Aber ResourcesAvalon VenturesBarrick GoldBattle Mountain GoldBHP DiamondsBolidenConsolidated Westview ResourcesDayton MiningDia Met MineralsDynatecEarl ResourcesEastmain ResourcesEldorado GoldEtruscan…
Smooth sailing at Freeport’s Grasberg
By expanding one of its concentrators, Freeport-McMoRan Copper & Gold (FCX-N) has achieved record throughput levels at the Grasberg copper-gold mine in Irian Jaya, Indonesia.The company, through 85%-o…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow Industrial retests 9,000 mark
The Dow Jones Industrial average was up 168.90 points (or 1.9%) over the report period June 24-29 to close at 8,997.36 in pre-holiday trading.Mining issues were mixed, with a few more losers than gain…
Companies (June 29, 1998)
Abacus MineralsAber ResourcesAJ Perron GoldAmbrex MiningAmerica Mineral FieldsAnglo AmericanArimetco InternationalAsarcoAtna ResourcesBaltic ResourcesBarrick GoldBattle Mountain GoldBirim GoldfieldsBl…
MINING MARKETS & INVESTMENT NEWS – INSIDER TRADING — Freeport insiders exercise options
In April, according to filings with the U.S. Securities and Exchange Commission, two directors of Freeport-McMoRan Copper & Gold (FCX.A-N) liquidated stock, while three others increased their holdings…
MINING MARKETS & INVESTMENT NEWS — INVESTMENT COMMENTARY — Analysts await results from African explorer
Mining analyst George Topping of Deacon Capital is keeping a close eye on results from exploration programs being carried out by Birim Goldfields (BGI-T) and its joint-venture partners in Ghana, West …
NEVADA AND THE WESTERN STATES — Globex drills to expand potential of Tonkin Springs
Having acquired the Tonkin Springs gold project in February 1997, Globex Mining Enterprises (GMX-T) is now receiving positive results from an ongoing drill program on the past-producing Nevada propert…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS –Dow and gold slide in tandem
The Dow Jones Industrial average continued its slow slide, finishing the May 20-26 report period down 90.92 points (1%) at 8,963.73. Trading was light because of the Memorial Day holiday May 25.All ma…
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…
GOLD AND PRECIOUS METALS — Gold companies merge for growth, or survival — Majors, mid-tier producers and juniors take part in merger mania
From the largest South African producers to juniors with small mines, gold companies are joining forces in an attempt to weather a prolonged slump in prices that has already taken its toll on a number…
U.S. markets — Dow dips as gold languishes
The Dow Jones Industrial average lost 107.12 points (or 1.2%) during the report period of May 13-19. The average spent the last half of the week in decline before posting a minor gain to close at 9,05…