The Northern Miner — Small Producers Index (March 22, 1999)
77.54 (-2.89)(Sept. 30/98 = 100)…
News
Metallica cuts gold values in Chile
Junior Metallica Resources (MR-T) has intersected high-grade gold values at its 50%-held La Fortuna property in north-central Chile.La Fortuna is adjacent to the company’s wholly owned El Morro porphy…
Yorbeau raises funds for drilling
A private placement has raised $600,000 for Montreal-based Yorbeau Resources (YRB.A-T), which will apply the proceeds to follow-up drilling at its Casa Berardi West gold property in northwestern Quebe…
Cancor hits base metals at Gemini
Drilling by Montreal-based junior Cancor Mines (KCR-M) at its Gemini project in northwestern Quebec has intersected more base metal mineralization.Using a 100-by-100-metre pattern, crews drilled five …
Marriage of stock markets proposed — Merger to create more competitive trading network
The amalgamation of Canadian financial markets is expected to create a leaner entity capable of competing more effectively in the global arena.Under an agreement-in-principal, stock exchanges in Toron…
Philex posts more losses
Last year was a bitter one for Philex Gold (PGI-T), as both earnings and revenues plummeted.The Toronto-based company lost US$68.2 million on revenue of US$21.1 million, compared with a loss of US$11….
SPOT PRICES (March 22, 1999)
March 17, 1999, Courtesy of ScotiabankPrecious MetalsPrice (US)ChangeGold$283.90- $7.60Silv…
Vengold reduces interest in Lihir — Sale enables company to shed US$11m in outstanding debt.
Shaky year-end results and a US$178.1-million debt load prodded Vengold (VEN-T) to cut its interest in the Lihir gold mine in Papua New Guinea.Vengold sold 5.9 million shares of Australian-based Niugi…
Romarco complaint dismissed
A legal complaint filed against Romarco Minerals (R-T), President Joseph van Bastelaar and various other parties has been dismissed.Filed in Utah late last year by the estate of Henry Austin Belnap, t…
Stillwater secures funding
Stillwater Mining (SWC-X) has raised US$175 million to finance an expansion of its namesake platinum-palladium operation in southwestern Montana.The funding consists of a US$125-million term loan and …
TSE INDICES (March 22, 1999)
1999–DateMar. 16Mar. 15Mar. 12Mar. 11Mar. 10HighLow…
Careers (March 22, 1999)
LAURENTIAN UNIVERSITY and MIRARCOLaurentian University is located in Sudbury, at the heart of Ontario’s hard-rock mining industry. Laurentian is undertaking a major initiative to build on and strength…