William woes heighten
Beleagured William Resources (WIM-T) continues to swim in troubled waters, with the company’s latest woes arising from the default on a US$6.3-million loan.The loan is tied to William’s Bjorkdal gold …
News
Problems at Moris gold mine take toll on Manhattan Minerals
Heavy rains and lower-than-expected gold recoveries are being blamed for a third-quarter production shortfall at the Moris mine in Mexico’s Chihuahua state.Manhattan Minerals (MAN-T) reports that the …
DIAMOND PAGE — Merger back on track
The directors of both Lytton Minerals (LTL-T) and New Indigo Resources (NDR-A) have approved the amalgamation of the two companies under the name Tahera Corp.New Indigo shareholders will receive 2.4 s…
Companies (January 11, 1999)
AfriOreAgnico-Eagle MinesAlberta EnergyAnglo AmericanArgentina GoldAshton Mining of CanadaAur ResourcesBarrick GoldCanadian Hunter ExplorationComaplex MineralsDe Beers Consolidated MinesEde…
Shareholders urged to reject Barrick — Argentina Gold pins hopes on ‘novel type of gold deposit’ (January 11, 1999)
The directors of Argentina Gold (ARP-V) have told the company’s shareholders not to tender their shares to Barrick Gold (ABX-T), stating that the major’s takeover bid is “inadequate, opportunistic and…
Greenstone announces writedowns (January 11, 1999)
Greenstone Resources (GRE-T) will take writedowns on several Central American gold properties in its 1998 year-end financial statement.Whereas in its 1997 financial statement, the company used a gold …
Marsfontein yields more diamonds (January 11, 1999)
Partners De Beers Consolidated Mines (DBRS-Q) and SouthernEra Resources (SUF-T) have discovered more diamondiferous gravels at their producing Marsfontein property in South Africa’s Northern Province….
Russian gold output to hold steady — Exploration and development attract foreign, local dollars (January 11, 1999)
Gold producing regions in Russia are facing an uncertain year in light of depressed prices and economic instability, though most are anticipating production similar that of 1998.In the northeastern re…
EDITORIAL & OPINION — GEOLOGY 101 — Zinc-lead-copper VMS deposits, Part 1 (January 11, 1999)
Zinc-lead-copper volcanogenic massive sulphide deposits have also been called Kuroko-type, after the deposits in the Green Tuff Belt in Japan. Aside from these base metals, such deposits also produce …
SPOT PRICES (January 11, 1999)
Tuesday January 6, 1999Price (US)Week’s ChangeGold*$287.15+$0.45Silver*$ 5.15+$0.23Platinum*$360.00+$9.00Nickel**$ 1.80+$0.04Lead**…
CIM student night focuses on financing (January 11, 1999)
Mine financing will be the topic of discussion at the next meeting of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), to be held at 6 p.m. on Jan. 21 at the Ontario Club in Toronto. …
EDITORIAL & OPINION — ODDS ‘N’ SODS — The showing (January 11, 1999)
Around 1955, I became associated with three Irish prospectors from Noranda, Que. Being French-Canadian and from Rouyn, this good relationship was quite an education for me.The three were employed by a…