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…
Articles by Northern Miner Staff
PEOPLE — Bema Gold
Thomas Allen and Cole McFarland appointed directors.
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 …
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…
Lac des les turns a profit
North American Palladium (PDL-T) has pocketed a small profit for the third quarter as a result of improvements in costs and productivity at the Lac des les palladium mine near Thunder Bay, Ont.The ju…
Plata prepares for production
Junior Plata Mining (PMT-A) and Chilean-based Explodesa could begin production at their Hualilan gold project in Argentina as early as spring 1999 if an ongoing feasibility study continues to produce …
Akrokeri scoffs at takeover bid
The directors of Akrokeri-Ashanti Gold Mines (AAGM-C) are urging their shareholders to resist a takeover bid by a landscaping company.Akrokeri says the offer of one share of GDL Evergreen for seven Ak…
MOST ACTIVE ISSUES (December 14, 1998)
ExchgVol(000s)HighLowCloseChangePlacer DomeT11470…
Potash gets boost in Argentina
Argentina has been chosen as the site of a branch office of the Potash and Phosphate Institute of Canada.The new office, situated in Buenos Aires, is intended to improve access to South American marke…
INAP seeks solutions to acid drainage
Six Canadian companies are spearheading an effort to help control acid drainage at mining projects.Majors Placer Dome, Inco, Noranda, Teck, Rio Algom and Falconbridge are among 17 companies that forme…
NAME CHANGE (December 14, 1998)
Brazilian Goldfields (BGF-V) has changed its name to Brazilian International Goldfields (BZ-V) on a 1-new-for-4-old-share basis.
NEWS ROUNDUP — Crown Butte mulls dissolution
The saga of the expropriated New World mine in Montana is nearing its end as owner Crown Butte Resources (CBL-T) seeks shareholder approval to dissolve the company.This past summer, the company receiv…