Echo Bay defers payments
Echo Bay Mines (ECO-X) will defer cash payments on US$100 million in capital securities.The second semiannual payment on the securities, which were issued in March of last year, is due in October and …
News
U.S. government investigates American Gem claims
The U.S. Department of Justice is investigating the alleged submission of certain fraudulent mining claims in west-central Montana involving American Gem (GEM-T), its former chairman, Gregory Dahl, an…
GREATEST VALUE TRADED (March 23, 1998)
ExchgVol(000’s)HighLowCloseChangeInco LtdT125095…
Venezuelan congressman challenges Crystallex — Congressional committee offers papers to OSC
Calling the court actions launched by Crystallex International (KRY-T) “judicial privateering,” a Venezuelan congressman told an investment conference here that the company’s claims to legal title to …
Etruscan, Placer Dome hit more gold mineralization at Samira
Results from seven deep holes drilled at the Samira gold project in southwestern Niger have enabled partners Etruscan Resources (EET-T) and Placer Dome (PDG-T) to confirm the deposit’s continuity at d…
Arcon takes shine to Princess
By signing a letter of intent, Princess Resources (PRL-V) has enabled Dublin-based Arcon International Resources to gain a toehold entry into its exploration projects in China and Africa.Arcon will su…
Tyranex seeks gold in Montana
Toronto-based Tyranex Gold (TXGI-C) intends to raise $10 million so that it can buy the Mineral Hill gold mine in Montana from TVX Gold (TVX-T).The deposit contains a drill-indicated minable reserve o…
METAL PRICES — Daily Metal Prices (March 23, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMar. 17Mar. 16Mar. 13Mar. 12Mar…
DIAMOND PAGE — De Beers samples TNK property
Initial sample testing by the Botswanan prospecting arm of De Beers Consolidated Mines (DBRS-Q) has turned up macrodiamonds in three of four kimberlite pipes discovered in 1997 by TNK Resources (TNKR-…
Iamgold, Anglo bring Niamboulama to feasibility
Having completed their due-diligence review, equal partners Iamgold (IMG-T) and Anglo American are proceeding with a feasibility study of the Niamboulama gold deposit on the Yatela concession in weste…
Convention expands despite industry slump — PDAC honors Rebagliati and Keevil at awards ceremony
While the delegates at the 66th annual Prospectors and Developers Association of Canada (PDAC) convention walked with less of a swagger and spoke with less bravado than in 1997, they nonetheless showe…
Antamina gets green light — But Inmet incapable of financing its full 50% interest
Partners Rio Algom (ROM-T) and Inmet Mining (IMN-T) have completed a positive feasibility study of the huge Antamina copper-zinc project in Peru.The fast-tracked study, compiled by Bechtel Internation…