Boliden still bleeding despite cutting costs
With the Myra Falls mine out of production and output reduced at its Ronnskar smelter, Boliden (BOL-T) posted a loss of US$22.9 million for the first quarter of 1999.The loss, amounting to US21 cents …
News
Pierina powers Barrick to record quarter
In stark contrast to its struggling peers, industry-leader Barrick Gold (ABX-T) has just turned in its best quarter ever, thanks to a potent combination of soaring production, falling costs and record…
AG votes in favour of Homestake takeover
Shareholders of Argentina Gold (ARP-V) have voted 99% in favour of an offer by San Francisco-based Homestake Mining (HM-N) to acquire all of the junior’s outstanding shares.Under the proposed arrangem…
LATIN AMERICA — 2002: a Peruvian mining odyssey — Antamina faces economic, social, environmental challenges
Augusto Baertl, president of Minera Antamina, is not one to downplay the challenges faced by the consortium of three Canadian companies developing the huge Antamina copper-zinc deposit in the Peruvian…
LATIN AMERICA — Peru appears poised for mining revival
So common was gold in the ancient Incan empire that garments made of colourful feathers from jungle birds had more status than ones adorned by the yellow metal. Yet only now is Peru experiencing a gol…
LATIN AMERICA — Anglogold to expand operations in South America — Serra Grande, Morro Velho among mines acquired through Minorco merger
Even as Anglogold (AU-N) digests its recent acquisition of Minorco’s assets, the world’s largest gold producer is looking toward expansion in South America.Anglogold was formed last June through the m…
Index (April 26, 1999)
CareersClassifiedDiamond PageDrillersEditorialInsider TradingInvestment CommentaryLetters to the EditorMarket PlaceMetal PricesNew HorizonsNews RoundupOdds’n’SodsProfessional DirectoyQuer…
NEWS ROUNDUP — Iriana eyes Indonesian properties
Vancouver-based Iriana Resources (IR-T) is considering acquiring the Indonesian properties of International Dunlap Minerals (IDZ-V).The two juniors stress that they will seek shareholder approval befo…
NEWS ROUNDUP — McWatters sells Dayton stake
Val d’Or, Que.-based McWatters Mining (MCW-T) has sold its 6 million shares of Dayton Mining (DAY-T), representing a 2.4% interest in that company.McWatters acquired the shares through its merger with…
LATIN AMERICA — More juniors, seniors flock to Argentina
With dreams of huge deposits dancing in their heads, more and more junior and senior companies are heading toward Argentina in search of gold and base metals.Orko Gold (ok-v) recently began a 1,500-me…
GOLD FUNDS (April 26, 1999)
Gold Funds as of April 15, 1999BGRCentralNet Value$13.595.62Price$9.30$5.
DIAMOND PAGE — NAME CHANGE (April 26, 1999)
Chandeleur Bay Production (CYJ-V) has changed its name to Golden Raven Resources (GVN-V) on a 1-new-for-7-old-share basis.