Cambior options Lac Elmer
An option agreement with Cambior (CBJ-T) sets the stage for another round of exploration at Eastmain Resources’ (ER-T) Lac Elmer gold project, 300 km north of Matagami in northern Quebec.The Quebec mi…
Barrick Gold Corporation
EASTERN MARKETS — TSE moves higher despite rut in resource stocks
The Toronto Stock Exchange was higher over the report period Feb. 17-23, with the retail and manufacturing stocks leading the way. The TSE 300 composite index added 68.26 points, or 1.1%, to close at …
WESTERN MARKETS — Investors hunt for takeover targets
The Vancouver Stock Exchange composite index lost 1.56 points to close the report period ended Feb. 23 at 407.22. The mining index dropped 2.23 points, finishing at 289.46. Meanwhile, the combined val…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Golds post modest comeback while base metals retreat
The Toronto Stock Exchange 300 index slid 57.49 points in the report period Feb. 10-16, ending the week at 6,386.48.Gold producers regained some ground, with the gold and precious metals sub-group ris…
Newmont writes down assets
Low gold prices in the fourth quarter of 1998 forced Newmont Gold (NEM-N) to write down the value of the assets it acquired as a result of merging with Santa Fe Pacific in the previous year.The compan…
Plug pulled on Pinson
Homestake Mining (HM-N) has closed the Pinson gold mine, near Winnemucca, Nev., after it failed to reach production targets.Pinson is a 50-50 joint venture with Barrick Gold (ABX-T). The mine was expe…
Companies (February 08, 1999)
Aber ResourcesAlto MineralsAmeridex MineralsApex Silver MinesApogee MineralsArgentina GoldAsarcoAshanti GoldfieldsAvalon VenturesBand-Ore ResourcesBarrick GoldBeaufield Consolidated Resourc…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Mining index slips despite higher VSE composite
The Vancouver Stock Exchange composite index managed to edge up 0.49 of a point, or 0.1%, and close the week ended Feb. 2 at 419.22. The mining index did not fare as well, losing 7.12 points, or 2.3%,…
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…
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…
EDITORIAL & OPINION — NEW HORIZONS — Responsibility at heart of INAP
The International Network for Acid Prevention is a recently established organization founded by 17 of the world’s leading mining companies. Its purpose is to promote significant improvements in the ma…
Diamond core cuts high grade for Argentina Gold
Partial results from the first diamond drill hole on the Veladero property in Santa Cruz province have returned high grades for Argentina Gold (ARP-V).Drill hole DDA-1 cut 31 metres averaging 42.25 gr…