Noranda options prospect
Noranda (NOR-T) has signed a letter-of-agreement to option a second property from Golden Temple Mining (GTM-V) in the Mexican state of Guanajuato, near Leon.The Mexican subsidiary of Noranda can earn …
News
TSE SHORTS (December 14, 1998)
Short positions outstanding at November 30, 1998Larger individual positions include: Abitibi-Consolidated 1,299,255, up 160,265; Alcan Aluminium 1,128,040, down 230,566; Asia Pacific Resources 132,700…
METAL PRICES (December 14, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateDec. 8Dec. 7Dec. 4Dec. 3…
Bolivar doubles mill capacity
Bolivar Goldfields (BVG-T) will double, to 1,400 tonnes, the daily capacity of the mill it bought in Venezuela last June.The refurbished Revemin mill will continue to process gold ore. Bolivar says th…
Imperial struggling in poor market
Suffering from poor commodity prices, Imperial Metals (IPM-T) posted a loss of $1.7 million (or 2 cents per share) for the third quarter, compared with a loss of $1.3 million (2 cents per share) a yea…
Guyana hits gold in first hole
The first hole in a 4-hole program at the Peters mine property in Guyana intersected 52 ft. of gold mineralization grading 0.2 oz. per ton at a depth of 331 ft., reports property owner Guyana Goldfiel…
Yamana determined to bring home the Bacon — Drilling encounters high-grade silver at Argentine project
A second round of drilling has confirmed the presence of high-grade silver-gold mineralization at the Bacon prospect in the Patagonia region of southern Argentina’s Santa Cruz province.In an attempt t…
Teck, WC test silver find
The extent of a near-surface, high-grade silver find on the El Salvador project in Mexico’s Zacatecas state remains unclear following the completion of an additional six holes in the immediate area.El…
Companies (December 14, 1998)
Agnico-Eagle MinesAkrokeri-Ashanti Gold MinesAlmaden ResourcesAltius MineralsAmbrex MiningAmerican GemAnglogoldArgentina GoldAsia Pacific ResourcesAuspex MineralsAvalon VenturesBarrick Gold…
Meridian loses $8.2m
Analyst darling Meridian Gold (MNG-T) lost US$8.2 million (or 11 cents per share) in the third quarter as production and gold prices dropped and costs edged up.The company cranked out 52,620 oz. at a …
Akrokeri scoffs at takeover bid
The directors of Akrokeri-Ashanti Gold Mines (AAGM-C) are urging their shareholders to resist a takeover bid by a landscaping company.Akrokeri says the offer of one share of GDL Evergreen for seven Ak…
Plata prepares for production
Junior Plata Mining (PMT-A) and Chilean-based Explodesa could begin production at their Hualilan gold project in Argentina as early as spring 1999 if an ongoing feasibility study continues to produce …