Index (March 01, 1999)
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News
Boards OK merger of Repadre with Golden Knight
The terms of a proposed merger between Repadre Capital (RPD-T) and Golden Knight Resources (GKR-T) are fair to the minority shareholders of Golden Knight, according to study by investment banking firm…
NEWS ROUNDUP — Scintilore gains ground in N.B.
Scintilore Explorations (SLP-T), best known for a longstanding lawsuit against two prospectors who staked the Hemlo gold discoveries, has staked some ground of its own, in New Brunswick.The Toronto-ba…
Mazarin posts modest loss
The building slowdown in Asia has hindered the bottom line of Mazarin Mining (MAZ-T). The diversified minerals producer holds an indirect stake in LAB Chyrsotile, which sells 65% of its Quebec asbesto…
Wheaton eyes George Lake
The George Lake gold project, near Bathurst Inlet, N.W.T., has caught the eye of Wheaton River Minerals (WRM-T).The Toronto-based junior recently bought another 5.4 million shares in project-owner Kit…
Monopros walks from Alberta JV
Monopros, the Canadian subsidiary of De Beers Consolidated Mines (DBRS-Q), has pulled out of a joint venture with Troymin Resources (TYR-A) following an unsuccessful drill program in the Buffalo Hills…
Partners drill San Antonio
Operator Atna Resources (ATN-T) and partner Energold Mining (EGD-V) have launched a 7-hole, 2,000-metre drill program on the San Antonio-1 concession in the Dominican Republic.The program will test th…
Cambior options Lac Elmer
An option agreement with Cambior (CBJ-T) sets the stage for another round of exploration at Eastmain Resources’ (ER-T) Lac Elmer gold project, 300 km north of Matagami in northern Quebec.The Quebec mi…
Rio boosts production, cuts costs
A 50% increase in copper production and an 18% reduction in cash costs helped Rio Algom (ROM-T) stay in the black last year despite a 29% drop in the average price of the red metal.The major reported …
U.S. MARKETS — Dow climbs toward new high
The Dow Jones industrial average climbed 247.39 points over the report period ended Feb. 23, to 9,544.42 — 100 points shy of a new high.Mining issues were mixed. Most copper producers continued to su…
OVERSEAS QUOTES (March 01, 1999)
Close: Tuesday February 23, 1999SOUTH AFRICA (SA Rand)StockVolumeCloseAnglovaal Mg298,30024.50…
Drills spin at Buffalo Hills
As many as 25 targets will be drill-tested this winter by Ashton Mining of Canada (ACA-T) as it searches for additional kimberlites in the Buffalo Hills region of north-central Alberta.Ashton is opera…