News

Recent insider trading transactions reported in the Ontario Securities Commission’s OSC Bulletin include the following:Black Hawk Mining (BHK-T) — Pastor Torres Gurdian, executive of an affiliated co…

Orko Gold (OR-V) can acquire from TNR Resources (TRR-V) up to a 60% interest in three properties in northwestern San Juan province, Argentina.Under a proposed 4-year option, Orko can earn an initial 5…

Despite a shortfall in production, Glamis Gold (GLG-T) earned US$205,000 in the third quarter, compared with a loss of US$909,000 in the corresponding period of 1997.Gold production between the two pe…

Having walked away from a joint venture on the Fort copper-molybdenum-silver property in the Babine Lake area of central British Columbia, Ascot Resources (AOT-V) has turned its attention to the Cranb…

A proposed merger between Semafo (SMF-T) and High Desert Mineral Resources (HDR-V) has gone off the rails.The parties were unable to reach an agreement with respect to the terms of their proposed busi…

Homestake Mining (HM-N) has agreed to purchase all exploration properties in southern Argentina that are held by Australian-based Western Mining Corp. (WMC).The company will pick up 900,000 acres in R…

Even as prices for its two major products, gold and uranium, declined, Cameco (CCO-T) posted higher revenue in the first nine months of 1998 than it did in the corresponding period of 1997.Cameco show…

The good news: the Toronto Stock Exchange 300 index climbed 299.37 points during the report period Oct. 28-Nov. 3, to end the week at 6,296.51. The bad news: gold was devalued once again, dropping US$…

Steel markets in North America and Europe are weakening as a result of cheaply produced Asian imports. However, Australian major North Limited, confident of a long-term recovery, has announced major c…

The Vancouver Stock Exchange composite index, for the first time in weeks, has climbed above the 400-level. During the report period ended Nov. 3, the composite closed at 401.7, up 12.33 points, while…