SAM buys stake in Caber property
Toronto-based Southern Africa Minerals (SAF-T) has signed an agreement-in-principle to acquire a half-interest in the Caber copper-zinc property in northern Quebec from BHP Minerals International, the…
Articles by Northern Miner Staff
Sulliden resumes work at Betts
Montreal-based Sulliden Exploration (SUE-M) has begun a second drill program at the Betts Cove gold project on Newfoundland’s Baie Verte Peninsula.The 6-hole, 1,600-metre effort, which is designed to …
Princeton plans merger with Imperial
L.Faced with a $2.7-million debt repayment and an empty till, Princeton Mining (PMC-T) has agreed to merge with Imperial Metals (IPM-T) by way of a plan of arrangement.Princeton’s main asset is a 60% …
Metal prices force Teck to take writedowns
Given the substantial decline in metal prices of late, Teck (TEK-T) has decided to take fourth-quarter, year-end writedowns totalling $175 million.The largest single component of the writedown is $52 …
COMMENTARY — Holding gold
Although the European Central Bank (ECB) will not come into formal existence until Jan. 1, 1999, its governing council will need to make a large number of decisions prior to this time, and one of thes…
Aurado picks up Mexican ground
Aurado Exploration (AEO-T) has signed a deal with a subsidiary of Cominco (CLT-T) to acquire interests in two properties near the San Nicolas massive sulphide discovery in Zacatecas state, Mexico.In o…
PEOPLE – SOLID 5 PEOPLE – TREMINCO
Bruce Samsom and Harry A. McKinders elected directors.David Hottman appointed president.
PEOPLE – NIKOS
Edward Bomford and Robert Falls elected directors.
PEOPLE — DONNER (February 23, 1998)
Harvey Keats, David Patterson and Ken Thorsen elected directors.
DIAMOND PAGE — Lytton closes private placement
Diamond explorer Lytton Minerals (LTL-T) has completed a $4.16-million private placement consisting of 2.6 million common shares at $1.60 per share.The proceeds, subject to a 5% commission, will be us…
TORONTO STOCK EXCHANGE INDICES (February 23, 1998)
1998Feb. 17Feb.16Feb. 13Feb. 12Feb. 11HighLowComp…
Boliden doubles profits in eventful year
While creating a stir in North America with a corporate move to Toronto from Sweden, a public flotation and a successful takeover of Westmin Resources (WMI-T), new-kid-on-the-block Boliden (BOL-T) als…