AG votes in favour of Homestake takeover
Shareholders of Argentina Gold (ARP-V) have voted 99% in favour of an offer by San Francisco-based Homestake Mining (HM-N) to acquire all of the junior’s outstanding shares.Under the proposed arrangem…
News
Resolute buys out Ashanti’s stake at Golden Pride
Australian-based Resolute will pay US$40 million for the remaining half-interest in the Golden Pride mine that it does not already own. The half-interest in the Tanzanian mine is currently held by Ash…
PEOPLE — Riverdance (May 03, 1999)
Dusan Berka, Frank Lang, James Bryce, Vladimir Horvath and Walter Brenner appointed directors.
PEOPLE — Aquest (May 03, 1999)
Robert Young appointed director.
GOLD FUNDS (May 03, 1999)
Gold Funds as of April 22, 1999BGRCentralNet Value$14.055.72Price$9.40$5.
BC mines receive safety awards
The government of British Columbia has awarded 13 mines in the province for their safe operating practices.For the second consecutive year, the winner of the John Ash Safety Award, presented to the op…
Companies (May 03, 1999)
AnglogoldArgentina GoldArgosy MiningAsarcoAshanti GoldfieldsAshton MiningAtna ResourcesB.Y.G. Natural ResourcesBarrick GoldBattle Mountain GoldBolidenBroken Hill ProprietaryCaldera ResourcesCalliope M…
DIAMOND PAGE — Montello, Kennecott form Manitoba alliance
Alberta diamond explorer Montello Resources (MEO-A) and Kennecott Canada Exploration are expanding their joint-venture relationship to include diamond reconnaissance exploration in Manitoba.Kennecott …
Ourominas now Thistle Mining
A 10-for-1 consolidation of capital and a name change to Thistle Mining (THT-T) have capped the recent refinancing of Ourominas Minerals (OMI-T).The company, which will be converting from an explorati…
TVX forms partnership with Normandy — Development of Olympias to precede Skouries
In a move aimed at cleaning up its balance sheet and financing its overseas projects, TVX Gold (TVX-T) has formed a partnership with Australia’s largest gold producer.The mid-tier producer is selling …
Pierina powers Barrick to record quarter
In stark contrast to its struggling peers, industry-leader Barrick Gold (ABX-T) has just turned in its best quarter ever, thanks to a potent combination of soaring production, falling costs and record…
DIAMOND PAGE — Kennecott discovers kimberlite on Ice
Halfway through a $4.1-million drilling campaign that is testing 30-35 targets on ground shared with Tahera (TAH-T), Kennecott Canada Exploration has made its first kimberlite find.A vertically drille…