Study sheds light on Big Whopper
Armed with $1.2 million in funding and positive mineralogical results, Avalon Ventures (AVL-V) is accelerating prefeasibility work at its Separation Rapids project, 60 km north of Kenora, Ont.Block mo…
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Companies (February 08, 1999)
Aber ResourcesAlto MineralsAmeridex MineralsApex Silver MinesApogee MineralsArgentina GoldAsarcoAshanti GoldfieldsAvalon VenturesBand-Ore ResourcesBarrick GoldBeaufield Consolidated Resourc…
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 (…
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…
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 …
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 …
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Junior resource stocks enliven lacklustre market
The Toronto Stock Exchange 300 index gained a modest 20.35 points in the report period Jan. 27-Feb. 2 to close the week at 6,683.78.Buoyed by stronger gold and silver prices, the gold and precious met…
Ashanti produces record amount of gold
Ashanti Goldfields (ASL-N) surpassed all its production and cost targets for 1998 on the strength of a banner fourth quarter.The company racked up 1.55 million oz. in gold production for the year (a 3…
Asarco takes loss for quarter
Asarco (AR-N) declared a net loss for the fourth quarter of 1998 as a result of low copper prices.After non-recurring items, the company lost US$68.7 million (or $1.73 per share), compared with net ea…