TORONTO STOCK EXCHANGE INDICES (January 05, 1998)
1997Dec.26Dec.25Dec.24Dec.23Dec.22HighLowComposit…
News
Curator exercises option
Vancouver-based International Curator Resources (IC-T) has exercised its option to buy a 100% working interest in the Boleo copper-cobalt-zinc project in Baja California Sur, Mexico.The vendor retains…
Golden Star plans to acquire more shares of Pan African
Golden Star Resources (GSR-X) has offered to purchase all outstanding shares of subsidiary Pan African Resources (PARC-C) that it doesn’t already own.Golden Star intends to offer one Golden Star share…
Eden Roc to close Afema
Eden Roc Mineral (EDN-T) is suspending operations at its 68%-owned Afema gold mine in Ivory Coast as a result of depleted oxide reserves.Eden Roc has already halted mining, though leaching of stockpil…
Freeport eyes ground in Irian Jaya
Freeport McMoRan Copper & Gold (FCX-N) has signed a letter of intent to explore and acquire 1.2 million acres in Irian Jaya, Indonesia, currently held by Battle Mountain Gold (BMG-N).Freeport now hold…
Magadan gold producers struggle through 1997 — Output down but officials optimistic for future
The gold mines of Russia’s Magadan state didn’t perform as well as expected in 1997, according to a report released by The Magadan Regional Committee for Natural Resources.The report, which is part of…
Companies (January 05, 1998)
Aber ResourcesAntares Mining and ExplorationApex Silver MinesArizona Star ResourceAshton Mining of CdaAtapa MineralsAtna ResourcesBand-Ore ResourcesBattle Mountain GoldBema GoldBroken Hill Proprietary…
The year of the gilded reptile — For fraud and sleaze, 1997 a year like no other
The creatures appear around the top of any market cycle: they’re the scam artists who take advantage of market enthusiasm, novices who haven’t seen it all and experienced market players with memory la…
ODDS ‘N’ SODS — Arc welding comes of age
Arc welding has become a standard procedure in many fabrication processes, thanks in part to Bill White, who served as master mechanic at the Paymaster gold mine near Timmins, Ont., in the 1930s.White…
Rubicon adds base metal and gold projects to portfolio
Vancouver-based Rubicon Minerals (RMX-V) has added a base-metal prospect in Alaska and a gold property in Ontario to its North American land package.In southwestern Alaska, the company has negotiated …
New mines open in 1997
The year past won’t be remembered as much for its mine openings as for its scandals, but several notable (and legitimate) projects did come fruition both in Canada and abroad during 1997.The Musselwhi…
The year of trading dangerously
Metal prices in 1997 were satisfactory until the summer, when oversupply and a sagging Asian economy began to drive down the price of most precious and base metals.* Gold rang in 1997 at a spot price …