AG cuts high grades
Red-hot junior Argentina Gold (ARP-V) has released still more encouraging results from its aggressive drilling campaign at the Veladero project in northwestern Argentina.Reverse-circulation drilling a…
News
METAL PRICES (March 22, 1999)
Daily Metal PricesBASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMar. 16Mar. 15Ma…
MOST ACTIVE ISSUES, March 10-16
ExchgVol (000s)HighLowCloseChangeBarrick GoldT203…
BHP drills Bolivian gold target
Partners Orvana Minerals (ORV-T) and Broken Hill Proprietary (BHP-N) have announced a 3,000-metre drill program to expand known mineralization at the Pederson gold project in the Altiplano region of w…
The Northern Miner — Small Producers Index (March 22, 1999)
77.54 (-2.89)(Sept. 30/98 = 100)…
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…