2002 marked by further consolidation
It did not feel as momentous as 2000 or 2001, when we saw the creation of several global mining giants, but 2002 was full of smaller-sized mergers, particularly in the precious metals sector.Among the…
Dayton Mining Corporation
Pacific Rim sets sights on La Calera
Vancouver — Having completed their merger, Dayton Mining and Pacific Rim Mining are preparing for a 7,000-metre drill program on the El Dorado gold project in El Salvador.The combined entity, which r…
Shareholders OK Dayton, Pacific Rim merger
Shareholders of both companies have overwhelmingly approved the merger of Pacific Rim Mining (PFG-T) and Dayton Mining (DAY-T), leaving the final say to the courts.Under the proposed amalgamation, Day…
FPO Pacific Rim, Dayton propose merger
In what has been described as a “win-win situation” by both parties, Pacific Rim Mining (PFG-T) and Dayton Mining (DAY-T) are proposing a merger. Management of Pacific Rim likes the high-grade potenti…
Brett licence approved
The government of El Salvador has issued an exploration licence covering the El Potosi gold mine to Vancouver-based Brett Resources (BRN-V). The new licence was issued in conformance with a new Mining…
Dayton-Pac Rim merger targets El Dorado (January 14, 2002)
With an eye on advancing the El Dorado gold-silver project in El Salvador, Dayton Mining (DAY-T) and Pacific Rim Mining (PFG-T) have proposed an all-stock merger.Pacific Rim President Catherine McLeod…
Producers rise on higher prices
The ongoing battle for Normandy Mining (ndy-t) took centre stage in eastern markets once again, with American producer Newmont Mining upping the ante at the start of the Jan. 2-8 report period.Newmont…
El Salvador updates law
Denver — A series of revisions to the mining law offers to make exploration in El Salvador cheaper and easier.The principal change is that the net smelter royalty is cut in half, to 2%, bringing the …
Andacollo liquidation begins (July 02, 2001)
Compania Minera Dayton (CMD), a wholly owned subsidiary of Dayton Mining (DAY-T), has been granted bankruptcy protection for four years.In May, CMD’s creditors unanimously accepted a creditor’s agreem…
Dayton sees red in 2000
Vancouver — The latest casualty of historically low gold prices is Dayton Mining (DAY-T), which posted a loss of US$31.4 million (or US$1.17 per share) for 2000.”The company’s results were dominated …
Apex Silver among juniors active in Central America
Denver — After being pushed out of the region by Hurricane Mitch in 1998, Apex Silver Mines (SIL-X) has returned to Central America for another joint-venture opportunity.The Denver-based company, who…
Mining companies unshaken by Salvadoran earthquake
Denver — The 7.6-magnitude earthquake that rocked El Salvador in mid-January caused little to no damage to mining operations in the region.Dayton Mining (DAY-T) President William Myckatyn tells The N…