Homestake sweetens deal for Prime Resources
Homestake Mining (HM-N) has upped the ante for the remaining 49.6% of Prime Resources (PRU-T).According to an agreement reached by the board of directors of each company, Homestake will grant Prime’s …
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MINING MARKET & INVESTMENT NEWS — EASTERN MARKETS — TSE falls while resource markets mixed
The Toronto Stock Exchange experienced a broad trading range over the Sept. 9-15 report period, with the 300 index shedding 120.01 points to end at 5,857.04.Resource stocks were mixed, with the gold a…
Eskay Creek spins out cash for Prime
Record production and lower cash costs at the Eskay Creek gold-silver mine in northwestern British Columbia are strengthening the bottom line of cash-rich Prime Resources Group (PRU-T).Besides Eskay C…
Prime shareholders unhappy with Homestake bid
Concerned that Homestake Mining (HM-N) has made a low-ball bid for the 49.4% interest of Prime Resources Group (PRU-T) that it does not already own, several shareholders spoke out against the offer at…
Homestake makes bid for remainder of Prime
San Francisco-based Homestake Mining (HM-N) has made an offer to acquire the 49.4% of Prime Resources Group (PRU-T) that it does not already own.The deal would see Prime shareholders exchange each of …
MINING IN CANADA Companies persevere in BC despite downtrend by thomas schuster
The state of British Columbia’s mineral exploration industry has yet to show signs of recovery.According to the British Columbia Geological Survey, exploration expenditures in the province declined by…
Eskay gold-silver grades keep Prime in the money
British Columbia gold producer Prime Resources Group (PRU-T) has bucked the industry trend and posted a profit for the first quarter.With record production of 164,860 oz. gold-equivalent, Prime earned…
Court date set in lawsuit
A trial date has been set in an 11-year-old lawsuit launched by Scintilore Exploration (SLP-T) against prospectors John Larche and Donald McKinnon over proceeds from the sale of properties in the Heml…
Prime sets production record
Despite low gold prices, Prime Resources Group (PRU-T) continues to boast an impressive balance sheet.The Vancouver-based company posted record production in 1997 of 532,947 gold-equivalent oz., at a …
FACTS ‘N’ FiGURES — Quebec mineral shipments rise
Preliminary data show that the value of mineral shipments from Quebec mines rose slightly in 1997, to roughly $3.5 billion.Exploration and development expenses were also up by 4.4% last year, to $155 …
GeoNova ups Discovery resource
GeoNova Explorations (GNE-M) has boosted by 33% the estimated resource of the Discovery zone at its contiguous Desjardins and Borduas-Martel gold properties, 45 km north of Lebel-sur-Quvillon in north…
Coal, copper operations win B.C. safety awards
Two coal mines and a base metal operation won prizes in three separate categories at a provincial mine rescue and first-Aid competition held in Prince George, B.C.Winners include the Tumbler Ridge min…