Argentina Gold posts more results from Veladero
The weak gold market appears not to be dampening the spirits of Argentina Gold (ARP-V), which, despite mixed results, continues to drill holes at its Veladero project in San Juan.The Vancouver-based j…
News
Etruscan extends bid for shares of Channel
Ross Fitzpatrick, chairman of Channel Resources (CHU-T), is continuing to urge shareholders to reject an “opportunistic” takeover bid by rival West African explorer Etruscan Resources (EET-T). But hav…
Deal for Inco Alloys near
Inco’s sale of its alloys division to a U.S. manufacturer could net the nickel miner US$408 million.Plans to sell Inco Alloys International to New Hartford, N.Y.-based Special Metals hinge on regulato…
BHP, Orion advance Agua Rica to feasibility
Having kicked off a 1-year, US$8.4-million work program, BHP Copper and Northern Orion Explorations (NNO-T) are well on the way to completion of final feasibility work on the Agua Rica porphyry projec…
DIAMOND PAGE — Diadem funds work at Leek Springs, Mestiza
By means of a private placement, Toronto-based Diadem Resources (DIR-M) intends to raise $5.1 million for exploration and development work on the Leek Springs diamond project in northeastern Californi…
ODDS ‘N’ SODS — Homage to an old timer
Seldom do we have the opportunity and privilege to pay tribute to a real “old timer.” Robert Ekloff was such a man.I recently read in the paper of his passing, at 97 years of age, and my mind went bac…
SPOT PRICES (July 20, 1998)
Wednesday July 15, 1998Price (US)Week’s ChangeGold*$292.80- $1.55Silver*$ 5.32…
Bolivar funds Venezuelan work program
Toronto-based Bolivar Goldfields (BVG-T) has completed a US$20-million financing with Barclays Bank and Standard Bank London.The financing comprises a US$16-million senior loan and a US$4-million subo…
FACTS ‘N’ FIGURES — The money’s in the mergers
More than US$18 billion was spent on mergers and acquisitions in the mining and metals processing industries in 1997. This represents a 50% increase over 1996, when only US$12 billion was spent. In 19…
EDITORIAL — Taking lumps, dodging slings and arrows — The week that was
“The Ugly Canadians” (who else but miners?) made the evening news this past week, with their tailings spills and environmental scandals featured in prime time alongside reports of further sex scandals…
Study planned for Nico
Fortune Minerals (FORM-C) has retained Kilborn SNC Lavalin to prepare a preliminary design for the Nico/Sue-Dianne project in the Northwest Territories.The London, Ont.-based junior has received no fe…
PEOPLE – William
George Faught appointed director.