British Columbia copper mines face tough times
Deteriorating copper prices have forced 60%-owner Imperial Metals (IPM-T) to negotiate the second financial restructuring package for the Huckleberry copper mine in less than a year.The open-pit mine,…
Princeton Mining Company
LATIN AMERICA — Aquest looks to Guatemala for Carlin-style targets — Proposed drilling would determine extent of gold mineralization
The similarities to Nevada-style sediment-hosted, bulktonnage gold deposits were compelling enough for Aquest Minerals (AQU-V) to acquire a privately-held Guatemalan mining company whose key assets in…
Imperial hopes to stave off closure of Mount Polley mine
Buckling under the strain of low metal prices, Imperial Metals (IMP-T) is seeking concessions from all stakeholders in order to improve the financial conditions of its two new mines in the central par…
Dayton shareholders battle over merger plans
The directors of Dayton Mining (DAY-T) are facing a shareholder revolt in response to Minorca Resources’ (MAR-T) growing influence in Dayton’s boardroom.On May 27, New York City-based investment firm …
Mineral Resources revs up Cassiar asbestos plant
After a 6-year production hiatus, the Cassiar asbestos project in British Columbia is ready to begin producing chrysotile fibres once again.Operator Mineral Resources (MIC-T), which holds a 100% inter…
INSIDER TRADING — Crystallex insiders unload shares
Two officers and a director of Crystallex International (KRY-T) exercised options and sold shares of that company in February.According to the Ontario Securities Commission’s OSC Bulletin, officer Mar…
Imperial, Sumitomo consider closing Mt. Polley
Low metal prices are forcing Imperial Metals (IMP-T) and Japanese partner Sumitomo to consider temporarily suspending operations at the Mt. Polley copper-gold mine at the end of July.Built for $115 mi…
Companies (April 13, 1998)
Adex MiningAmerica Mineral FieldsAnglo AmericanAsia Pacific ResourcesAurizon MinesAvalon VenturesBand-Ore ResourcesBanro ResourceBarrick GoldBattle Mountain GoldBlue Desert MiningCaledonia MiningCambi…
Companies (February 23, 1998)
Ashton MiningAurado Expl.BolidenBroken Hill Pty.CambiorClaude Res.Comaplex Min.ComincoCons. Richland MinesCumberland Res.Cypress Min.Dayton MiningDia Met Min.Donner Min.Elizabeth Bay DiamondsEmerging …
Princeton plans merger with Imperial
L.Faced with a $2.7-million debt repayment and an empty till, Princeton Mining (PMC-T) has agreed to merge with Imperial Metals (IPM-T) by way of a plan of arrangement.Princeton’s main asset is a 60% …
STOCK MARKETS — TSE rises despite weak performances of golds, base metals — Aurado Exploration remains hottest ticket; Rex share price hits three digits
The Toronto Stock Exchange 300 composite index climbed 78.97 points, or 1.1%, in the report period of Feb. 11-17, to end the week at 6960.46.Trading volumes were relatively healthy for most of the per…
Funds diverted from St. Gen-managed accounts – St. Genevieve, KWG file for protection from creditors
Reykjavik-based junior Icelandic Gold (ICEG-C) has revealed that at least $400,000 has been diverted without authorization from bank accounts administered on its behalf by Montreal-based St. Genevieve…