Cambior rebuffs Aur offer
The directors of Cambior (CBJ-T) are advising shareholders to reject Aur Resources’ (AUR-T) hostile takeover offer, at least for the moment.Aur is offering one share for every 1.1 Cambior share (T.N.M…
News
Bolivar Goldfields places Tomi mine on auction block
Bolivar Goldfields (BVG-T) is selling its Tomi gold mine in Venezuela in preparation for jumping on to the e-commerce bandwagon.The Toronto-based company has retained Endeavor Financial Corp. to assis…
Miners show mixed results despite price rally
In a decidedly mixed week for resource stocks, the Toronto Stock Exchange gold and precious metals sub-group climbed 234.09 points during the Feb. 2-8 report period, while the metals and minerals sub-…
EVENTS (February 14, 2000)
Feb. 29 CPM Group — “Silver Mining Investment Conference.” New York Mercantile Exchange, N.Y. Tel: (212) 785-8320. Fax: (212) 785-8325. Web site: http://www.cpmgroup.comMarch 2-3 S…
Madison seeks funding for Mt. Kare
Madison Enterprises (MNP-V) has arranged for a $5.2-million private placement to finance drilling on the Mt. Kare gold-silver property in Papua New Guinea.The financing consists of 8 million units pri…
Anglogold eyes property in Red Lake gold camp
A letter-of-intent agreement paves the way for Anglogold (AU-N) to earn from Rubicon Minerals (RMX-V) a majority interest in more than 20,000 ha in the Red Lake mining camp of northern Ontario.To earn…
REGULAR DEPARTMENTS (February 14, 2000)
Careers12-13Classified19Commentary4Editorial4Investment Commentary6Letters to the Editor5Metal Prices10Metals Commentary10Obituary5Odds ‘N’ Sods4People5Professional Directory15-17Stock Tab…
CDNX index soars past 3,000 mark
The Canadian Venture Exchange broke the 3,000 mark and continued its upward momentum over the week ended Feb. 8, rocketing 248.97 points, or 8.5%, to close at 3,166.88.Ateba Mines jumped 7 to close a…
Ruling could close Newmont gold mine
A district court in Indonesia has issued a judgment that could result in the temporary closure of the Minahasa gold mine, 80%-owned by Newmont Mining (NEM-N).The company says the ruling is highly irre…
Gold weakens in turbulent market
After a steep drop and a strong rise, the Dow Jones industrial average finished the report period ended Feb. 1 almost unchanged, up only 11.16 points, or 0.1%, in anticipation of an interest rate hike…
Gov’t needs guidance from miners
The Canadian mining and exploration industry has taken a beating these past four years, as development and exploration programs are sparse for juniors, the lifeline of mineral development. Some form o…
CDNX posts record trading volumes, sets new high
The Canadian Venture Exchange finished the week ended Feb. 1 by gaining 132.09 points, or 4.74%, to close at an all-time high of 2,917.91. The small-cap exchange is up 24% on record trading volumes so…