LME WHSE LEVELS (June 15, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 8/98 (change from June 1 in brackets):MetalStocks(tonne)Change…
1998
TSE SHORT POSITIONS (June 15, 1998)
Short positions outstanding at May 31, 1998Larger individual positions include:Abacan Resource 274,619; Aber Resources 108,900; Abitibi-Consolidated 367,927, down 436,300; Agnico-Eagle Mines 178,150, …
Red Lake deal extended
Vancouver-based ITL Capital (ICL-V) has been granted an additional year to earn a 50% interest in a gold property in Ontario’s Red Lake camp.The company now has four years to earn a 50% interest in th…
Companies (June 15, 1998)
Adex MiningAlta GoldAmax GoldAmericomm ResourcesAMT International MiningAnaconda NickelAnglo AmericanAntares Mining & ExplorationAnvil Range MiningArgentina GoldArizona Star ResourceAsarcoAtapa Minera…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow and gold continue slide
The Dow Jones Industrial average lost 72.49 points, or 0.8%, during the May 27-June 2 report period to close at 8,891.24. Gold producers also lost ground as the price of the yellow metal continued to …
Companies (June 08, 1998)
Ag Armeno Mines & MineralsAlberta EnergyAmerican Bullion MineralsAnglo AmericanArchon MineralsAshton Mining of CanadaAsia Pacific ResourcesAvminBlack Hawk MiningBMR GoldBorneo GoldBroken Hill Propriet…
Golden Bear awakens from winter sleep
Operator Wheaton River Minerals (WRM-T) has resumed production at the Golden Bear gold mine in northwestern British Columbia.The seasonal operation, which reentered production last August after severa…
BC mining rights act approved
A bill that supports the introduction of mining initiatives to attract investment and create jobs in the mining sector has been approved by the British Columbia legislature and now awaits final approv…
MINING MARKETS & INVESTMENT NEWS – INVESTMENT COMMENTARY — Bulyanhulu considered one of world’s best
Graeme Currie, mining analyst for Canaccord Capital, has issued a “speculative buy” recommendation for Sutton Resources (STT-V) based on the growing resource at the company’s Bulyanhulu gold deposit i…
Meetings (June 08, 1998)
June 8, DalmationJune 8, Grange GoldJune 8, Int’l CapriJune 8, Rio Narcea.June 9, Big BearJune 9, BijouJune 9, Crown ButteJune 9, Mineral ResourcesJune 9, Newhawk Gold.June 9, NearyJune 9, ProfcoJune …
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — High-flyer St. Jude comes back to earth
The Vancouver Stock Exchange composite index lost 14.42 points, or 2.4%, to close the report period ended June 2 at 588.79. The mining index followed suit, slipping 15.7 points, or 3.4%, to finish at …
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Mining issues fall in stagnant market
The Toronto Stock Exchange traded in a narrow range during the May 27-June 2 report period, with the TSE 300 composite index closing down 91.95 points to 7,534.01. Both mining sub-groups outpaced the …