1998


Bre-X action names Barrick

Claiming that Barrick Gold (ABX-T) knew as early as October 1996 that Bre-X Minerals’ Busang gold deposit was a hoax, lawyers representing shareholders in a class-action suit have named the gold produ…


Franco buys Stillwater royalty from Johns Manville

In the biggest acquisition in company history, Franco-Nevada Mining (FN-T) purchased Johns Manville’s last remaining royalty interest in the Stillwater platinum-palladium mine in Montana.The Toronto-b…



Dayton posts year-end loss

Increased gold production for Vancouver-based Dayton Mining (DAY-T) was no match for higher costs and lower gold prices in 1997.Dayton’s wholly owned Andacollo open-pit gold mine in Chile produced 91,…


Sulliden doubles resource

Sulliden Exploration (SUE-M) has upped its resource estimate for the Los Socavones epithermal gold zone on its 100%-owned Las Huaquillas property in northwestern Peru.The new estimate pegs Los Socavon…


Property writedowns keep TVX in red ink

Lower cash costs at several of its operations were not sufficient to prevent TVX Gold (TVX-T) from reporting a loss of US$50 million (or 36cents per share) for 1997.The medium-tier producer reduced to…


LATIN AMERICA — Sand River revs up in Chihuahua

Expectations are running high at the Piedras Verdes project in Mexico’s Chihuahua state, where Sand River Resources (SRIV-C) is embarking on a 1,500- to 2,000-metre program of diamond drilling.The Van…



Ursa Major buys stake in Patricia

Best known for its copper and gold projects in Kazakstan, Ursa Major International (URS-T) has come home to acquire a 12.6% stake in Patricia Mines (PAT-V), owner of the Island Gold project situated 5…


Noront, Ateba deal option

An option deal with a private company will facilitate $1 million of exploration on the Fletcher Lake property, in the Lac de Gras area of the Northwest Territories.Joint venture partners Noront Resour…


Nuinsco drills at Lac Rocher (April 06, 1998)

However obsolete prospectors may seem to bureaucrats in several provincial mines departments, those in northwestern Quebec persist in turning up new mineralization to drill.Nuinsco Resources (NWI-T) h…


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