After a global search, Broken Hill Proprietary has appointed Paul Anderson managing director and chief executive officer. A management shakeup at the Australian-based resource conglomereate had been e…
Denison Mines (DEN-T) posted a loss of $10.4 million (3 cents per share) for the third quarter, following a writedown of $11.5 million on unsuccessful offshore oil drilling in the Mediterranean Sea.Th…
ExchgVal (000s)HighLowCloseChangePlacer DomeT2925…
Vancouver-based International Taurus Resources (ITS-V) has cancelled its agreement with American Copper (ACC-V) to explore and develop the Lyon gold property in Yerington, Nev.Taurus intends to contin…
The Limon gold mine in Nicaragua has been shut down following the widespread devastation caused by Hurricane Mitch.The suspension is expected to last two weeks as owner Black Hawk Mining (BHK-T) clean…
Inmet Mining (IMN-T) will have to wait until the end of November to collect the $48 million it is owed for selling its Austrian tungsten subsidiary, Wolfram Bergbau-und Hutten (WBH).The private Europe…
Gold Funds as of October 29, 1998BGRCentralNet Value$14.176.11Price$10.50…
The world’s largest gold producer, Anglogold (AU-N), has submitted a tender offer for the gold assets of Minorco (MNRCY-Q).The acquisition would add nearly 10 million oz. to Anglogold’s reserve base p…
ExchgVol (000s)HighLowCloseChangeArgentina GldV13…
The Dow Jones industrial average gained 340.11 points, or 4.1%, over the Oct. 28-Nov. 3 report period to close at 8,706.15.The average showed strength early in the week but grew sluggish as the Nov. 3…
1998Nov. 3Nov. 2Oct. 30Oct. 29Oct. 28HighLowCompo…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov. 3/98 (change from Oct. 27 in brackets):MetalStocks (tonnes)Change…
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