Canadian mineral output dogged by low prices
In 1997, the overall value of mineral production in Canada grew just 0.3% over the previous year, to $49.8 billion, according to figures released by Natural Resources Canada.Significant price declines…
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High River exceeds target at Siberian gold mine
The Siberian region of Buryatia is known for its punishing climate and remoteness. Yet for High River Gold Mines (HRG-T), it is increasingly synonymous with reward.The Toronto-based company is a partn…
Tri Origin gains gold property in northwestern Ontario
Junior Tri Origin Exploration (TOE-T) has acquired the Caribou property in northwestern Ontario and plans to begin exploring for gold there in the coming months.Situated in the North Caribou Lake gree…
Potash Corp. of Saskatchewan enjoys record year — Company’s potash sales and profits go through the roof
Record fourth-quarter earnings helped make 1997 the seventh consecutive year of improved earnings for Potash Corp. of Saskatchewan (POT-T).PCS is the world’s largest potash company by capacity, the th…
GREATEST VALUE TRADED, Feb. 18-24
ExchgVolume(000’s)HighLowCloseChange.ZSBarrick GoldT…
MOST ACTIVE ISSUES, Feb. 18-24
ExchgVolume(000’s)Close.ZSarrick GoldT1121325.20Global Stone…
METAL PRICES – Daily Metal Prices (March 02, 1998)
BASE METALS (London Metal Exchange — Midday bid/ask prices in US$ per tonne)DateFeb. 24Feb. 23Feb. 20Feb. 19…
Philip Services reveals inventory adjustment
Hamilton, Ont.-based waste-management firm Philip Services revealed in late January that it is taking a one-time charge to its 1997 earnings of at least US$75 million relating to an after-tax “physica…
Repadre ponies up for NSR — on Vista’s Bolivian properties
Repadre International, a subsidiary of Repadre Capital (RPD-T), has signed a US$1-million deal with Vista Gold (VGZ-T) to acquire a net smelter return (NSR) royalty on future production from the Amaya…
Echo Bay posts loss
Echo Bay Mines (ECO-T) posted a loss for 1997 based upon substantial writedowns and special charges, though the company returned improved results in the fourth quarter.The Denver-based gold and silver…
Ailing Dakota gets cash infusion
Creditors of Denver-based Dakota Mining (DKT-T) have advanced funds to the ailing company in a last-ditch attempt to save it from insolvency.London-based N. M. Rothschild & Sons has agreed to provide …
Noble Peak buys into South African properties
Mountain Lake Resources (MOA-V) has agreed to deal a 50% option in a subsidiary to Toronto-based Noble Peak Resources (NPK-A).The chief assets of the subsidiary, South African-based Mountain Ash, are …