Companies (February 08, 1999)
Aber ResourcesAlto MineralsAmeridex MineralsApex Silver MinesApogee MineralsArgentina GoldAsarcoAshanti GoldfieldsAvalon VenturesBand-Ore ResourcesBarrick GoldBeaufield Consolidated Resourc…
Articles by Northern Miner Staff
Cyprus bleeds red in 1998
Englewood, Colo.-based Cyprus Amax Minerals (CYM-N) posted a net loss for 1998 as a result of low copper prices.The loss of US$75 million (or $1.02 per share) compares with earnings of US$69 million (…
Barrick extends offer for Argentina Gold
Barrick Gold (ABX-T) has extended its offer for all outstanding shares of Argentina Gold (ARP-V) for $5 cash per share until Feb. 9.In response, AG stands firm in its recommendation that its sharehold…
Metals should recover in year 2000: experts — New technology expected to slash production costs
The world economy should stabilize this year and begin a modest recovery in the year 2000, triggering a recovery in metals prices.Peter O’Connor, an international equity investment manager, delivered …
TSE INDICES (February 08, 1999)
1999Feb. 2Feb. 1Jan. 29Jan. 28Jan. 27HighLowComposite “300”6683.786765.446729.566668.456651.717835.755325.79Metals & Minerals2944.243024.783030.153023.823019.714423.922412.49Integ…
Vista advances mine
Armed with a preliminary banking agreement, Vista Gold (VGZ-T) is proceeding with development of the Amayapampa open-pit mine in southwestern Bolivia.The junior negotiated a US$15-million loan in Janu…
MOST ACTIVE ISSUES, Jan. 27 – Feb. 2
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Band-Ore takes up new gold prospect
An option agreement with two local prospectors gives Band-Ore Resources (BAN-T) the right to earn a 75% interest in a newly staked property 120 km southwest of Thunder Bay, Ont.Band-Ore will earn its …
AFRICA — Fighting in Sierra Leone foils Nord’s production efforts
Nord Resources (NRD-N) has broken off negotiations with the government of Sierra Leone for the reopening of the Sierra Rutile operation after a rebel offensive on the capital city of Freetown plunged …
Armistice board survives
Dissident shareholders of Armistice Resources (ACI-M) have failed in a bid to unseat the board of directors at the company’s annual meeting.The dissidents, led by Gordon Usher-Jones and Mark Diamond, …
Kinross amends offer
The terms of a previously announced merger between Kinross Gold (K-T) and La Teko Resources (LAO-T) have been amended.Under the revised terms, La Teko shareholders will receive one Kinross share in ex…
Sirios funds work at Aquilon
Following an infusion of cash, Sirios Resources (SOI-M) is gearing up for a 10-hole, 1,500-metre drilling program at its Aquilon gold property in the James Bay region of northern Quebec.In late Decemb…