TORONTO STOCK EXCHANGE INDICES (December 22, 1997)
1997Dec.16Dec.15Dec.12Dec.11Dec.10HighLowComposit…
News
Uranium sales talks suspended
Talks among the Russian Ministry of Atomic Energy, Canadian uranium producer Cameco (CCO-T) and U.S. uranium dealer Nukem have been suspended, jeopardizing a deal under which the Western companies wou…
Oro merges with Minpro
Junior explorer Oro Blanco Resources (ORBL-C) and privately owned Minpro, a mining and waste management company, are merging to form a new company named Amalco.Under the proposal, which is still subje…
Cobalt conference set for early 1998
A conference focusing on cobalt will be held from Jan. 26-28 at the Palm Beach Hilton Hotel in Palm Beach, Fla.Entitled “Cobalt ’98: The Outlook for Cobalt in an Era of New Sources of Supply, New High…
LETTER TO THE EDITOR — Ruling based on cash paid, not incurred costs
In an otherwise accurate account of Exall Resources’ promising exploration results at the Glimmer mine in northeastern Ontario (T.N.M., Nov. 17/97), The Northern Miner may have misrepresented the effe…
Teck, MM Gold pull out of Masao 13 NEWS IN BRIEF
Teck (TEK-T) and Australian producer MM Gold have scrapped a proposal to explore jointly the Masao gold project of South Pacific Resources (SHF-A) in Kalimantan, Indonesia.Teck and MM Gold decided aga…
Terrorists bomb Greek government office — Protest against TVX Olympias project injures police officer
Saying it was protesting plans by TVX Gold (TVX-T) to develop the Olympias gold project in northern Greece, a terrorist faction called the Fighting Guerrilla Formation exploded a bomb at the office of…
Naneco eyes Chinese prospect
Naneco Minerals (NNE-A) can acquire a 70% interest in a lead-zinc-silver mine in northern China if its takeover of a private Canadian firm proceeds as planned.The company is set to acquire British Col…
Companies (December 22, 1997)
Altavista MinesAlto MineralsArmada GoldAshanti GoldfieldsAtlasAtna ResourcesAuspex MineralsBreakwater ResourcesCamecoComincoConsolidated Brightwork ResourcesCumberland ResourcesDonner MineralsEagle Pl…
Tombstone acquiring Grassy Mtn.
Tombstone Explorations (TSO-T) is acquiring the Grassy Mountain gold project in southeastern Oregon from Atlas (AZ-N).The hot springs-style gold deposit is estimated to contain a measured and indicate…
McWatters buys East Amphi project
McWatters Mining (MCW-T) is paying Breakwater Resources (BWR-T) $3 million and a 1.5% net smelter return royalty for its stake in the East Amphi gold property, 2 km northwest of Malartic, Que.The 1,16…
STOCK MARKETS — Western markets gain a little, lose a little — Voisey’s juniors head north; other Canadian explorers also fare well
The Vancouver Stock Exchange composite index dropped 23.95 points, or 3.8%, over the report period ended Dec. 9 to close at 607.40. The mining index continued its slide, falling 21.82 points, or 4.2%,…