Companies (July 20, 1998)
Abcourt MinesAber ResourcesAmerica Mineral FieldsArabian Shield DevelopmentArchangel DiamondArgentina GoldAsia MineralsAtna ResourcesAur ResourcesBarrick GoldBolidenBolivar GoldfieldsBroken Hill Propr…
News
Uzbekistan to sell plant
The government of Uzbekistan is placing almost half of Almalyk Integrated Mining & Metallurgical on the auction block.Under the proposed privatization, the first of its kind in the former Soviet repub…
Northair targets Venturina for bulk-tonnage potential (July 20, 1998)
Geological mapping and sampling continue to confirm and expand on a potential bulk-tonnage gold-silver target at the Venturina property in the northern Mexican state of Chihuahua.International Northai…
MINING MARKETS & INVESTMENT NEWS — Nelson to proceed with offering
Proceeds from a rights offering by Nelson Gold (NLG-T) will be used to repay a loan.The purchase of four rights will entitled holders to purchase one common share at 27 cents until July 27, 1998. The …
DIAMOND PAGE — Archangel seeks to resolve dispute at Verkhotina project — Funding for Russian project suspended pending compliance of local joint-venture partner
Archangel Diamond (AAD-V) says it will take its dispute with its Russian partner to an international arbitrator if a resolution is not reached soon.The Vancouver-based company is seeking to have the e…
Focal expands presence in Nicaragua
Focal Resources (FCJ-A) has increased to 100% its working interest in three exploration properties in Nicaragua, following an agreement with High River Gold Mines (HRG-T).* The Rio Siquia property is …
Meetings (July 20, 1998)
July 20, BrooksJuly 20, CliftonJuly 20, GoldhunterJuly 20, ZicorJuly 21, Big BlackfootJuly 22, Allied NorthernJuly 22, ArchangelJuly 22, BelmontJuly 22, GemstarJuly 22, GMD Res.July 22, PoseidonJuly 2…
Argentina Gold posts more results from Veladero
The weak gold market appears not to be dampening the spirits of Argentina Gold (ARP-V), which, despite mixed results, continues to drill holes at its Veladero project in San Juan.The Vancouver-based j…
Study planned for Nico
Fortune Minerals (FORM-C) has retained Kilborn SNC Lavalin to prepare a preliminary design for the Nico/Sue-Dianne project in the Northwest Territories.The London, Ont.-based junior has received no fe…
GREATEST VALUE TRADED, July 8-14
ExchgVal($000s)HighLowCloseChangePhelps Dodg *N13…
Mount Polley placed on life support
Imperial Metals (IPM-T) will not suspend operations at its 55%-owned Mount Polley mine, 60 km northeast of Williams Lake, B.C.The decision was reached after shareholders agreed to adopt an economic pl…
Pegasus aims to sell Mt. Todd
Financially troubled Pegasus Gold (PSGQF-O) plans to sell off the Mt. Todd gold mine and seek damages from the engineering contractors involved in the planning and design of the Australian project.The…