SAM buys stake in Caber property
Toronto-based Southern Africa Minerals (SAF-T) has signed an agreement-in-principle to acquire a half-interest in the Caber copper-zinc property in northern Quebec from BHP Minerals International, the…
News
Sulliden resumes work at Betts
Montreal-based Sulliden Exploration (SUE-M) has begun a second drill program at the Betts Cove gold project on Newfoundland’s Baie Verte Peninsula.The 6-hole, 1,600-metre effort, which is designed to …
Princeton plans merger with Imperial
L.Faced with a $2.7-million debt repayment and an empty till, Princeton Mining (PMC-T) has agreed to merge with Imperial Metals (IPM-T) by way of a plan of arrangement.Princeton’s main asset is a 60% …
COMMENTARY — Holding gold
Although the European Central Bank (ECB) will not come into formal existence until Jan. 1, 1999, its governing council will need to make a large number of decisions prior to this time, and one of thes…
Metal prices force Teck to take writedowns
Given the substantial decline in metal prices of late, Teck (TEK-T) has decided to take fourth-quarter, year-end writedowns totalling $175 million.The largest single component of the writedown is $52 …
Aurado picks up Mexican ground
Aurado Exploration (AEO-T) has signed a deal with a subsidiary of Cominco (CLT-T) to acquire interests in two properties near the San Nicolas massive sulphide discovery in Zacatecas state, Mexico.In o…
TORONTO STOCK EXCHANGE INDICES (February 23, 1998)
1998Feb. 17Feb.16Feb. 13Feb. 12Feb. 11HighLowComp…
Boliden doubles profits in eventful year
While creating a stir in North America with a corporate move to Toronto from Sweden, a public flotation and a successful takeover of Westmin Resources (WMI-T), new-kid-on-the-block Boliden (BOL-T) als…
DIAMOND PAGE — Rupert sizes up South African pipe
The third hole of a delineation drilling program on the past-producing Crown kimberlite pipe in South Africa has intersected more than 467 metres of potentially higher-grade, hypabyssal-phase kimberli…
Greystar cuts more gold at Angostura
Greystar Resources (GSL-V) is continuing an aggressive in-fill drilling program at its wholly owned Angostura Gold Project in northeastern Colombia.The Vancouver-based junior released the first drill …
Dia Met forms Finnish partnership with Ashton Mining
Dia Met Minerals (DMM-T) is expanding its search for kimberlite pipes in Finland by entering into a joint venture with Australia-based Ashton Mining.The two companies feel that the integration of thei…
Claude scoops up Madsen
Saskatchewan’s largest gold producer, Claude Resources (CRJ-T), is acquiring fellow narrow-vein miner Madsen Gold (MGF-T), owner of the reopened Madsen gold mine in Ontario’s Red Lake camp.Claude is a…