Apex completes offering
Two equity offerings by Apex Silver Mines (SIL-X) have raised a combined US$97.1 million, to be put toward construction of the San Cristobal project in Bolivia.In early November, the company announced…
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OBITUARY — Kenneth Darke
Kenneth Darke, who helped discover the huge Kidd Creek base metal deposit near Timmins, Ont., has died following a long battle with cancer. He was 66.Born in Trail, B.C., Darke obtained a geological e…
INVESTMENT COMMENTARY — Corner Bay gets nod for success at Alamo Dorado project
With results in hand from the final phase of infill drilling, mining analysts are awaiting a revised tonnage estimate for Corner Bay Minerals’ (bay-t) Alamo Dorado silver project in Sonora state, Mexi…
Black Hawk executive expands holdings
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:Afriore (AFO-V) — Harvey White, executive of a company affiliated with Afri…
COMMENTARY — Industry must finds its voice
It has been only three decades since the first environmental laws were enacted. While most experts believe the laws have increased the quality of our lives, various debates over the resulting costs an…
Ashanti Goldfields rejects revised Lonmin bid
Ashanti Goldfields (ASL-N) has rejected a revised takeover offer from British-based Lonmin, its major shareholder.Lonmin, which owns 32% of the Ghanaian-based miner, increased its bid of 16 shares for…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Slumping silver slams miners
The Dow Jones industrial average posted a modest gain of 35.48 points for the week ended Nov. 9, closing at 10,617.32. Miners were mixed with gold and copper holding steady and silver sliding.American…
TSE SHORTS (November 15, 1999)
Short positions outstanding at Nov. 3, 1999Larger individual positions include:Abitibi Consolidated 2,503,338, down 59,116; Alcan Aluminum 1,684,419, down 205,540; Anderson Exploration 199,298, down 8…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Broad market vaults over poorly performing golds
Led by the industrial products and utilities sectors, the Toronto Stock Exchange 300 index climbed 77.26 points during the report period ended Nov. 9, closing at 7,292.58. Metal producers fared poorly…
Major General finds buyer for Hammerdown deposit
Major General Resources (MGJ-V) has sold its Hammerdown-Rumbullion gold resource in Newfoundland to privately held Abiting of Val d’Or, Que.Situated near Springdale, the project has a resource of 600,…
Orvana firms up Don Mario royalty
Orvana Minerals (ORV-T) has raised US$1 million to finance development of the Don Mario gold property in eastern Bolivia. In return, the company has granted a 3% net smelter return royalty to Repadre …
DIAMOND PAGE — Twin Gold boosts Ungava land position
The discovery of high-quality diamonds has prompted Toronto-based Twin Gold (TWG-T) to expand further its land position in the Torngat Mountains of northwestern Quebec.Two newly granted exploration pe…