Phelps Dodge posts loss
Continued low copper prices dragged down earnings for Phelps Dodge (PD-N) in the last quarter of 1998.The company reported a fourth-quarter loss of US$9.8 million (or 17 cents per share) before non-re…
News
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — VSE roused as market ponders Argentina Gold takeover
The Vancouver Stock Exchange composite index continued its slow climb, gaining 4.28 points to close the week ended Jan. 19 at 422.22. The mining index edged up 0.13 point and finished at 308.32. Meanw…
Highland Valley falls victim to low metals prices
The Highland Valley copper mine in the Kamloops region of British Columbia is the latest casualty of poor commodity prices.The major decline in world copper prices over the past 18 months has forced t…
GREATEST VALUE TRADED (January 25, 1999)
ExchgVal($000s)HighLowCloseChangeBarrick GoldT251…
DIAMOND PAGE — Rex finds macros at El Hammami
Toronto-based Rex Diamond Mining (RXD-T) has discovered macrodiamonds at its El Hammami lease in northern Mauritania.Analyses of 878 soil samples taken between September and November of 1998 revealed …
Careers (January 25, 1999)
Suncor Energy is a unique and sustainable Canadian integrated energy company dedicated to vigorous growth. The company is a world leader in oil sands development, a high performing oil and gas produce…
Barrick sweetens takeover bid — Hot holes at Argentina Gold’s Veladero project attract attention
Barrick Gold (ABX-T) has increased its cash takeover bid to $5 per share for Argentina Gold (ARP-V), following a report that the junior struck gold at the new Amable North target on its Veladero prope…
Jusuf Merukh loses lawsuit
The Supreme Court of British Columbia has granted AG Armeno Mines & Minerals (AGM-T) default judgment in its lawsuit against Jusuf Merukh in a matter involving the Batu Hijau copper-gold project in In…
Morgain cuts gold in Mexico
Toronto-based Morgain Minerals (MGM-V) has drilled several long gold intersections at its new San Francisco mine property, near Cucurpe in Mexico’s Sonora state.The junior has received assay results f…
DIAMOND PAGE — Vaaldiam left in the lurch
Toronto-based Antares Mining & Exploration (ANZ-T) will not proceed with a previously announced financing with Vaaldiam Resources (VRL-A) that would have set the stage for a merger between the two com…
DIAMOND PAGE — Messina fails to sell Star
An agreement between Messina Diamond (MSC.U-T) and a private company for the sale of the former’s Star diamond mine in South Africa has been cancelled.Messina scrapped the proposed sale after South Af…
Meetings (January 25, 1999)
Jan. 26, PeninsulaJan. 29, AriesJan. 29, ExcellonJan. 29, GetchellJan. 29, Lyon LakeJan. 29, Pacific StarJan. 29, TellisJan. 29, Texas TFeb. 1, ConchoFeb. 1, Int’l BroadlandsFeb. 2, Cotton ValleyFeb. …