PEOPLE — Solitario
John Hainey appointed director.
1999
PEOPLE — LionOre
Colin Steyn appointed president and CEO; Donald Bailey appointed vice-chairman.
River Gold turns quarterly profit
Although earnings are down, River Gold Mines (RIV-T) remains in the black.For the three months ended Sept. 30, the junior earned $306,000 on revenue of $9.3 million, compared with $2 million on $9.9 m…
Placer boosts Zaldivar stake
Less than a year after it announced plans to divest itself of base metal assets, Placer Dome (PDG-T) has acquired full ownership of the Zaldivar open-pit copper mine in Chile.Placer shelled out US$251…
COMMENTARY – Canada must fight for fairness
Increasingly, Canadians are seeing product bans that discriminate against our mineral exports. The impact on metals markets is serious and is already being felt.Banning, labeling or imposing restricti…
Banff Resources hits snag at Kasese
Faced with technical problems, Banff Resources (BFF-V) has delayed the planned ramp-up at it Kasese cobalt project in western Uganda.Construction of the US$135.4-million cobalt processing plant, which…
Ashanti Goldfields rejects revised Lonmin bid
Ashanti Goldfields (ASL-N) has rejected a revised takeover offer from British-based Lonmin, its major shareholder.Lonmin, which owns 32% of the Ghanaian-based miner, increased its bid of 16 shares for…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Slumping silver slams miners
The Dow Jones industrial average posted a modest gain of 35.48 points for the week ended Nov. 9, closing at 10,617.32. Miners were mixed with gold and copper holding steady and silver sliding.American…
TSE SHORTS (November 15, 1999)
Short positions outstanding at Nov. 3, 1999Larger individual positions include:Abitibi Consolidated 2,503,338, down 59,116; Alcan Aluminum 1,684,419, down 205,540; Anderson Exploration 199,298, down 8…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Broad market vaults over poorly performing golds
Led by the industrial products and utilities sectors, the Toronto Stock Exchange 300 index climbed 77.26 points during the report period ended Nov. 9, closing at 7,292.58. Metal producers fared poorly…
Major General finds buyer for Hammerdown deposit
Major General Resources (MGJ-V) has sold its Hammerdown-Rumbullion gold resource in Newfoundland to privately held Abiting of Val d’Or, Que.Situated near Springdale, the project has a resource of 600,…
Coming soon . . . — Obstructionist tool
For the past several decades, politicians, bureaucrats and environmentalists have engaged in a country-wide effort to expand Canada’s network of parks and wilderness spaces. In British Columbia, where…