Writedowns take toll on Pan American
Vancouver — A writedown of US$37.6 million at its Dukat silver project in the Magadan region of far-eastern Russia, and a US$4.4-million charge against inactive properties pushed Pan American Silver …
Pan American Silver Corp
Golds make gains as TSE dives
The Toronto Stock Exchange treated investors to another wild ride over the report period March 7-13, as another blue Monday hit the telecom stocks. The TSE 300 composite index sank 205 points on March…
Precious metals producers sputter as prices sag
Gold prices fell back into the low US$260s in London during the Feb. 28-March 6 report period following a mid-February rally that saw prices shoot up from US$256 to US$268 per oz.There was a dearth of…
Pan American, authorities put pressure on Kaskol
Pan American Silver (PAA-T) is trying to win the support of Russian authorities in its struggle to get the Dukat mine up and running.The battle for control of the mine began late in 1999 when Kaskol, …
Golds, base metals carry Toronto exchange lower
The Toronto Stock Exchange 300 index slipped 31.65 points during the March 8-14 report period to end the week at 9,393.83.With gold taking another tumble, the TSE’s gold and precious metals sub-index …
Foreign prospects keep base metals sector vibrant
The improvement in copper prices over recent months could be a harbinger of things to come in the base metals sector. Nickel prices are fast approaching US$5 per lb. and even zinc has made a modest co…
Magadan pumps cash into mining operations — Production can’t keep pace with 1998 output
Regional officials in the prolific gold and silver region of Magadan, in northeastern Russia, have approved the financing of 11 upgrade and construction projects to the tune US$631.6 million.The news …
Gates boosts position in Canadian silver miner
Microsoft Chairman Bill Gates has become an insider of Pan American Silver after investing US$16 million in the Vancouver-based firm, giving him a 10.3% stake.According to papers filed with the U.S. S…
Companies (September 20, 1999)
Apex Silver MinesAquest MineralsAsarcoBarrick GoldBolivar GoldfieldsCambiorCamnor ResourcesCathedral GoldCoeur d’Alene MinesComincoConsolidated Puma MineralsCyprus Amax MineralsDiadem Reso…
Coeur completes acquisition of Silver Valley
Coeur d’Alene Mines (CDE-N) has completed its acquisition of Silver Valley Resources and other assets from Asarco (AR-N) in a deal valued at US$33.4 million.The Idaho-based company granted Asarco 7.1 …
Pan American secures Dukat financing — Silver mine in far eastern Russia poised to re-enter production
Pan American Silver (PAA-T) has arranged a financing package to restart the Dukat silver mine in the Magadan region of far eastern Russia, and taken steps to increase its interest to 90%.A syndicate o…
Companies (July 19, 1999)
Adikann GoldfieldsAfrioreAlmaden ResourcesAnglo American Aquest MineralsAvalon VenturesBarrick GoldBlack Hawk MiningBreakwater ResourcesCamphor VenturesCons. Trillion ResourcesCumberland ResourcesDe B…