Normandy buys out Inmet stake in Ovacik, Perama
Inmet Mining (IMN-T) has signed a letter-of-intent to sell its interests in two gold projects to joint-venture partner Normandy Mining (NDY-T).For a total of $43 million, Inmet will sell its 33.3% int…
News
MOST ACTIVE ISSUES, March 17-23
ExchgVol (000s)HighLowCloseChangeInco LtdT1068122.9020.9020.95-1.15Barrick GoldT900528.4527.1027.30-0.20Placer DomeT744618.3017.2517.40-0.60Nuinsco ResT71612.841.521.90-0…
Etruscan finances Samira project
A US$3.5-million financing will allow Etruscan Resources (EET-T) to complete a feasibility study of the Samira Hill gold project in Niger, West Africa.The funds were provided by RMB Resources, a unit …
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Dow’s 10K bid loses steam
After flirting with the 10,000 mark for more than a week, the Dow Jones industrial average fell 258.64 points, or 2.6%, to close at 9,671.83 for the report period ended March 23. The loss was primaril…
INSIDER TRADING — Stillwater execs boost stake
Recent insider trading transactions reported by the U.S. Securities and Exchange Commission include the following:Stillwater Mining (SWC-X) — John Andrews, president, exercised 33,571 options at US$3…
Juniors target PGEs at Wolf Mountain property
The potential for discovering platinum group elements (PGE) in the backwoods of northern Ontario has attracted the attention of East West Resources (EWR-V) and Canadian Golden Dragon Resources (CGG-V)…
Partners drill West Porcupine
Operator Battle Mountain Gold (BMG-N) has begun a 2,000-metre drill campaign at the West Porcupine gold property near Timmins, Ont.Drilling is targeted for eight areas, each of which is characterized …
PEOPLE — Newmont Mining (March 29, 1999)
Robert Miller, James Taranik and Robert Quenon appointed directors.
PEOPLE — Crystallex Int’l (March 29, 1999)
C.B. Cramm appointed vp of planning and acquisitions.
SUPPLIERS NEWS ROUNDUP — Cat wins education award
Machinery manufacturer Caterpillar received the Lamp of Knowledge award from Denver-based Mineral Information Institute for its video Common Ground and other teaching material.The video explains the i…
Sulliden eyes Peruvian gold
Junior Sulliden Exploration (SUE-M) intends to explore a property 3 km south of the Pierina gold mine in Peru.The Montreal-based company can earn a half-interest in the Santo Toribio property from a P…
Pinnacle buys more Geometall
Moscow-based Western Pinnacle Mining (WPN-V) has tightened its grip on its key Russian subsidiary, Geometall.In October 1998, Western Pinnacle raised its stake in Geometall by to 58.8% from 45.6% by i…