Atlas, Phoenix deal
From a group of individual investors, Atlas (NYSE) has purchased 51% of the outstanding shares of Phoenix Financial Holdings (CDN).In return for US$1.3 million, it acquired 12.2 million shares, and co…
Barrick Gold Corporation
Imperial Metals enters JV to explore in Niger
Imperial Metals (TSE) is teaming up with Japan-based Sumitomo on a new project in Niger, Africa.The companies are forming a joint venture on the 748-sq.-km M’Banga gold concession, west of the capital…
NEWS IN BRIEF (December 18, 1995)
Agincourt Explorations (AGX:VSE) has changed its name to AGX Resources (AXS:VSE).
STOCK MARKETS — Toronto market eases after previous week’s record
The Toronto Stock Exchange backed off slightly from last week’s record-high levels. For the report period ended Dec. 12, the TSE 300 composite index retreated 18.86 points or 0.4% to 4,703.67.The Cana…
NWMA laments layoffs, land use rift
Members of the Northwest Mining Association (NWMA) gathered recently in this western city to attend the 101st annual meeting and speculate on the future direction of the mining industry.For many of th…
Barrick to fund Anacoco gold projects
An agreement has been reached whereby shares of Chesbar Resources (ME) will be privately placed with Barrick Gold (TSE), and the proceeds used to fund exploration of Chesbar’s gold properties in easte…
Companies (December 18, 1995)
INDEXAgincourtAGX Res.Amlgmtd CanGldArequipaAur ResourcesAuspex GoldAuspex MineralsBand-OreBarrick GoldBell MolybdenumBrascanCaledonia M’gCamecoCanarcCasmynCdn Gldn DrgnChance M’gChesbarCominco…
Barrick buys into Carlin gold property
Barrick Gold (TSE) has acquired privately owned High Desert Mineral Resources, which holds a 40% interest in the High Desert property in Nevada’s Carlin Trend.Newmont Gold (NYSE), operator of the prop…
Madsen raises funds for Red Lake work
Madsen Gold (TSE) has raised more than $400,000 in two private placements.The placements comprise a total of 340,000 units, each of which consists of one common share and one common share purchase war…
Companies (December 11, 1995)
INDEXAbcourtAdrianAgnico-EagleAmerican BllnAmerican Res.Anglo AmericanArequipaArgentina GldAsarcoAshanti GldfldsAtebaAtnaAvalonBarrick GoldBHP MineralsBreakwaterCabot CreekCaldera…
STOCK MARKETS — TSE posts record high as resource stocks rally
Strength in the resource stocks helped push the Toronto Stock Exchange composite index to record highs on Dec. 4 and 5. The TSE 300 finished the 5-day report period at 4,722.53, up 48.35 points from t…
Companies (December 04, 1995)
INDEXAg ArmenoAmax GoldAmer Min FldsAnvil Range MgAristaAshtn Mg of CdaAtnaAur ResourcesBarrick GoldBHP Min.Bre-XBreakwaterBreseaCambiorCamphor VntrsCanarcComincoCons Ramrod GldCoral GoldDia…