JKS Boyles has entered into a $6-million agreement to sell rigs and supplies to Brazil’s two largest drilling contractors.The North Bay, Ont.-based company, which manufactures both surface and undergr…
Simons Mining Group and Aboriginal Engineering Ltd. (AEL) have signed an agreement in anticipation of increased development activity in the diamond district of the Northwest Territories.The fit is a c…
The battle for Manalta Coal appears to be winding down following the company’s recommendation that unit-holders accept a revised bid from rival Luscar Coal.Under advisement from RBC Dominion Securitie…
The Vancouver Stock Exchange is getting battered by more than low gold prices and investor indifference toward the junior mining companies that make up the majority of its listings. The venture capita…
Shareholders of Redaurum are being asked to vote in favor of a proposed amalgamation with Remick Investments, which will entail issuing more than 1.7 billion Redaurum shares to Remick, then consolidat…
Wednesday September 2, 1998Price (US)Week’s ChangeGold*$280.00-$2.50Silver*$ 4.85…
The Dow Jones Industrial average lost 512 points on Aug. 31, its second-largest point drop in history. A rally the following day salvaged some of the damage as the Dow posted a 775-point loss, or 9%, …
Gold Funds as of August 27, 1998BGRCentralNet Value$12.16$6.01Price$8.55$…
Despite poor gold prices, Akrokeri Ashanti Gold Mines (aagm-c) reported a slight profit for the second quarter of 1998.The company posted earnings of US$87,271 (or 0.2 cents per share) on revenue of U…
Ongoing turmoil in the Russian economy has prompted Gran Colombia Resources (GRM-T) to defer plans to acquire an 80% interest in the Pokrovskoye gold project in the Amur Oblast region.The junior compa…
Though no formal offer has been made, Ashanti Goldfields (ASL-N) says it intends to acquire London-based Samax Gold (SMX-T) as a means of augmenting its existing holdings in Tanzania.Ashanti plans to …
With operations now running smoothly at the Omai gold mine in Guyana, owners Cambior (CBJ-T) and Golden Star Resources (GSC-T) are paying extra attention to lowering production costs and searching for…
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