Southern Metals acquires Chilean ground
Having only recently acquired the Laja gold project in northern Chile, Fremont Gold (FGLD-O) is now joint-venturing the property to a second party.Arizona-based Southern Metals (SUH-V) will earn up to…
Articles by Northern Miner Staff
Barrick launches takeover bid for Argentina Gold
Barrick Gold (ABX-T) has announced its intention to buy all outstanding shares Argentina Gold (ARP-V) for $4 each.With about 35.6 million shares outstanding, the takeover bid is worth $142 million pro…
EDITORIAL & OPINION — GEOLOGY 101 — VMS deposits
Volcanic igneous rocks play a critical role in the formation of volcanogenic massive sulphide (VMS) deposits, which are important producers of copper, lead and zinc, as well as lesser amounts of gold …
PEOPLE — Bema Gold
Thomas Allen and Cole McFarland appointed directors.
TSE SHORTS (December 14, 1998)
Short positions outstanding at November 30, 1998Larger individual positions include: Abitibi-Consolidated 1,299,255, up 160,265; Alcan Aluminium 1,128,040, down 230,566; Asia Pacific Resources 132,700…
METAL PRICES (December 14, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateDec. 8Dec. 7Dec. 4Dec. 3…
INSIDER TRADING — Asia Pacific executives expand shareholdings
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin, include the following:Asia Pacific Resources (APQ-T) — John Darch, director, bought 38,500 share…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Investors look south as Labrador juniors slide
The Vancouver Stock Exchange composite index was off 10.41 points during the report period ended Dec. 8, closing at 382.67. The mining index followed suit, losing 8.96 points, or 3.1%, to finish at 28…
Claude arranges placement
Saskatoon, Sask.-based Claude Resources (CRJ-T) has arranged a brokered flow-through private placement with Canaccord Capital to sell, on a best-efforts basis, up to $1.5 million in shares or special …
Kinross takes huge writedown
Kinross Gold (K-T) will take a writedown of US$216 million against its fourth-quarter results.The writedown consists of US$104.6 million from the company’s merger with Amax Gold, US$46.9 million on th…
Junior plans Quebec program
An exploration program is being planned by Tom Exploration (TUM-M) for the le Lefebvre copper-zinc property in Quebec’s Chibougamau mining district.The junior intends to drill the newly acquired prop…
Almaden stakes Alaskan ground
Almaden Resources (AMH-V) and Williams Creek Explorations (WCX-V) have jointly staked a 13,120-acre claim block in the Goodpaster gold mining district of east-central Alaska.The Sonora claim block adj…