Crown gets breathing room (October 29, 2001)
Vancouver — Solitario Resources (SLT-T) is providing a $1-million secured-note financing to its major shareholder, financially beleaguered Crown Resources (CRRS-O).The funds are part of a proposed $3…
Kettle River-Buckhorn Mine
Franco to control Echo Bay in debt deal
A proposal by Echo Bay Mines (ECO-T) to convert a large debt into common shares would hand effective control of the company to Franco-Nevada Mining (FN-T), and put a large block of shares into the han…
Crown defaults on debentures (September 03, 2001)
Denver — Financially beleaguered Crown Resources (CRRS-O) says it will not be making its final, US$15.4-million payment, thereby defaulting on its 5.75% convertible subordinated debentures. The payme…
Echo Bay dips toe in red ink
It’s small, but a loss nonetheless for American gold producer Echo Bay Mines (ECO-T). The company lost US$400,000 in the second quarter of 2001, compared with net earnings of US$10.2 million a year ea…
Echo Bay improves performance
Denver — Higher gold output, offset by declining silver production, contributed to an improved first quarter for Echo Bay Mines (ECO-X).Gold production during the first three months of 2000 reached 1…
Lupin boosts Echo Bay
Denver — The Lupin mine in Nunavut contributed to a 42% increase in gold production in the fourth quarter for Echo Bay Mines (ECO-X), propelling the company to a profit for 2000.The company’s gold pr…
Echo Bay to reopen Lupin mine
The Lupin gold mine in Nunavut will be reopened following a shutdown that lasted nearly two years.Echo Bay Mines (ECO-T) will sink US$12 million into the mine over the next five months, mostly on staf…
Echo Bay pulls in exploration reins to focus on mines
Gold producer Echo Bay Mines (ECO-X) intends to focus its limited exploration budget on North American projects viable at current low prices for the yellow metal.The strategy is aimed at acquiring ear…
NEVADA AND THE WESTERN STATES — Echo Bay focuses exploration around existing operations
A leaner, trimmer Echo Bay Mines (ECO-X) has shaken itself off after a troubled year and set to work exploring its numerous North American mineral properties.The past year was marked by dramatic staff…
Echo Bay posts loss
Echo Bay Mines (ECO-T) posted a loss for 1997 based upon substantial writedowns and special charges, though the company returned improved results in the fourth quarter.The Denver-based gold and silver…