Indochina Goldfields boosts reserves in Myanmar
Indochina Goldfields (ING-T) has increased the reserves of its Monywa copper project in west-central Myanmar by 219 million lbs. contained copper.Pit-optimization work by consultant Resource Service G…
1998
TSE Short Positions (March 02, 1998)
Short positions outstanding at February 15, 1998Larger individual positions include: Anderson Exploration 698,600, up 697,200; Barrick Gold 18,661,797, up 3,005,663; Black Swan Gold 188,500, down 198,…
TVX Gold sustains lower precious metal production
Although TVX Gold (TVX-T) has yet to release its 1997 earnings and updated reserve estimates, the gold and silver producer has announced its 1997 production figures, its projections for 1998 productio…
Goldcorp acquires Wilanour
Shareholders of Wilanour Resources (WLR-T) have approved a proposed takeover by its major shareholder, Goldcorp (G-T).Goldcorp recently agreed to purchase 91% of the Wilanour shares it did not already…
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 …
Companies (March 02, 1998)
Ascot ResourcesAur ResourcesBattle Mountain GoldCamecoCrystallex InternationalDakota MiningEcho Bay MinesEllesmere MineralsGetchell GoldGitennes ResourcesGoldcorpHigh River Gold MinesHomestake MiningI…
Nora buys ground in Chile
Nora Exploration (NXI-M) has acquired four claims prospective for gold-copper mineralization in northern Chile.In return, Nora will pay US$85,000 in cash and issue 25,000 shares to the private vendor….
Battle Mountain cuts costs to battle lower gold prices
Battle Mountain Gold (BMG-N) has lowered production costs, but still took a loss in the fourth quarter and its fiscal year.The company reported a net loss of US$20.6 million (or 9cents per share) duri…
Gitennes advances Virgen exploration
An exploratory tunneling program on the southern end of the Rio Suro gold zone at the Virgen property in north-central Peru is now complete.Gitennes Resources (GIT-T) is using the tunnel to develop a …
Aur drops Patagonia
After spending $1.5 million on exploration, Aur Resources (AUR-T) has decided to drop its option to earn an interest in the Patagonia property from Southern Rio Resources (SNZ-V).Southern Rio intends …
PEOPLE — PANDORA
John Campbell elected director.
PEOPLE — MARCHMONT
Nick Clarke appointed COO.