Companies (March 02, 1998)
Ascot ResourcesAur ResourcesBattle Mountain GoldCamecoCrystallex InternationalDakota MiningEcho Bay MinesEllesmere MineralsGetchell GoldGitennes ResourcesGoldcorpHigh River Gold MinesHomestake MiningI…
News
Nora buys ground in Chile
Nora Exploration (NXI-M) has acquired four claims prospective for gold-copper mineralization in northern Chile.In return, Nora will pay US$85,000 in cash and issue 25,000 shares to the private vendor….
Battle Mountain cuts costs to battle lower gold prices
Battle Mountain Gold (BMG-N) has lowered production costs, but still took a loss in the fourth quarter and its fiscal year.The company reported a net loss of US$20.6 million (or 9cents per share) duri…
Gitennes advances Virgen exploration
An exploratory tunneling program on the southern end of the Rio Suro gold zone at the Virgen property in north-central Peru is now complete.Gitennes Resources (GIT-T) is using the tunnel to develop a …
MOST ACTIVE ISSUES, Feb. 18-24
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Ailing Dakota gets cash infusion
Creditors of Denver-based Dakota Mining (DKT-T) have advanced funds to the ailing company in a last-ditch attempt to save it from insolvency.London-based N. M. Rothschild & Sons has agreed to provide …
Noble Peak buys into South African properties
Mountain Lake Resources (MOA-V) has agreed to deal a 50% option in a subsidiary to Toronto-based Noble Peak Resources (NPK-A).The chief assets of the subsidiary, South African-based Mountain Ash, are …
TVX Gold sustains lower precious metal production
Although TVX Gold (TVX-T) has yet to release its 1997 earnings and updated reserve estimates, the gold and silver producer has announced its 1997 production figures, its projections for 1998 productio…
Goldcorp acquires Wilanour
Shareholders of Wilanour Resources (WLR-T) have approved a proposed takeover by its major shareholder, Goldcorp (G-T).Goldcorp recently agreed to purchase 91% of the Wilanour shares it did not already…
EDITORIAL — Government proposing tough legislation — Fighting bribery abroad
Sadly, this Earth is riddled with tin-pot dictators skimming cream from state-owned enterprise and sleazy bureaucrats ushering in “big tippers” to the backrooms where business deals are made. In this …
Canadian mineral output dogged by low prices
In 1997, the overall value of mineral production in Canada grew just 0.3% over the previous year, to $49.8 billion, according to figures released by Natural Resources Canada.Significant price declines…
GREATEST VALUE TRADED, Feb. 18-24
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