Potash gets boost in Argentina
Argentina has been chosen as the site of a branch office of the Potash and Phosphate Institute of Canada.The new office, situated in Buenos Aires, is intended to improve access to South American marke…
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MOST ACTIVE ISSUES (December 14, 1998)
ExchgVol(000s)HighLowCloseChangePlacer DomeT11470…
Akrokeri scoffs at takeover bid
The directors of Akrokeri-Ashanti Gold Mines (AAGM-C) are urging their shareholders to resist a takeover bid by a landscaping company.Akrokeri says the offer of one share of GDL Evergreen for seven Ak…
Plata prepares for production
Junior Plata Mining (PMT-A) and Chilean-based Explodesa could begin production at their Hualilan gold project in Argentina as early as spring 1999 if an ongoing feasibility study continues to produce …
Lac des les turns a profit
North American Palladium (PDL-T) has pocketed a small profit for the third quarter as a result of improvements in costs and productivity at the Lac des les palladium mine near Thunder Bay, Ont.The ju…
Barrick launches takeover bid for Argentina Gold
Barrick Gold (ABX-T) has announced its intention to buy all outstanding shares Argentina Gold (ARP-V) for $4 each.With about 35.6 million shares outstanding, the takeover bid is worth $142 million pro…
EDITORIAL & OPINION — GEOLOGY 101 — VMS deposits
Volcanic igneous rocks play a critical role in the formation of volcanogenic massive sulphide (VMS) deposits, which are important producers of copper, lead and zinc, as well as lesser amounts of gold …
TSE SHORTS (December 14, 1998)
Short positions outstanding at November 30, 1998Larger individual positions include: Abitibi-Consolidated 1,299,255, up 160,265; Alcan Aluminium 1,128,040, down 230,566; Asia Pacific Resources 132,700…
METAL PRICES (December 14, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateDec. 8Dec. 7Dec. 4Dec. 3…
Claude arranges placement
Saskatoon, Sask.-based Claude Resources (CRJ-T) has arranged a brokered flow-through private placement with Canaccord Capital to sell, on a best-efforts basis, up to $1.5 million in shares or special …
INSIDER TRADING — Asia Pacific executives expand shareholdings
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin, include the following:Asia Pacific Resources (APQ-T) — John Darch, director, bought 38,500 share…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Investors look south as Labrador juniors slide
The Vancouver Stock Exchange composite index was off 10.41 points during the report period ended Dec. 8, closing at 382.67. The mining index followed suit, losing 8.96 points, or 3.1%, to finish at 28…