Madison closes ownership gap at Mt. Kare
Madison Enterprises (MNP-V) has boosted its stake in the Mt. Kare project in Papua New Guinea to 90% in a share purchase for a 25% indirect interest held by joint-venture partner Carpenter Pacific Res…
News
Companies (August 09, 1999)
Agnico-Eagle MinesAltius MineralsApex Silver MinesArchangel DiamondAtna ResourcesBard Silver & GoldBarrick GoldBattle Mountain GoldBema GoldBillitonBuchans RiverCambiorCamnor ResourcesCancor MinesCanm…
World Wide spins off subsid
The transfer of uranium assets not situated in Kazakstan to a newly formed subsidiary will enable World Wide Minerals (WWS-T) to pursue its lawsuit against the government of that central Asian nation….
Excellon, Apex hot on Platosa
Partners Excellon Resources (EXN-V) and Apex Silver Mines (SIL-X) have tabled encouraging assay results from a drill program on the Platosa property in Mexico’s Durango state.The 11,600-acre property …
EDITORIAL & OPINION — Act in haste, rethink at leisure — Privatize and plunder
In a recent discussion paper entitled Time to Rethink Privatization in Transition Economies, John Nellis of The World Bank takes a sobering look at the results of privatization in transition economies…
Pierina boosts Barrick
Plenty of low-cost gold from the new Pierina mine in western Peru was the foundation of a good quarter for Barrick Gold (ABX-T), which posted a US$84-million profit on revenue of US$373 million.The pe…
SPOT PRICES, Wednesday August 4, 1999
Precious MetalsPrice (US$/oz.)ChangeGold$257.50+$3.50Silver$ 5.20+$0.05…
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Asian flu hits titanium markets
The past two years have seen the titanium minerals and titanium oxide pigment industries affected by significant consolidation among producers and end-users.A rash of acquisitions in the paint industr…
Battle Mountain reports mixed quarter
Although Battle Mountain Gold (BMG-N) achieved all of its production goals in the second quarter, weak gold prices prevented the Houston, Tex.-based miner from realizing a profit.The loss amounted to …
TSE INDICES (August 09, 1999)
1999Aug. 3Aug. 2Jul. 30Jul. 29Jul. 28HighLowCompo…
Greenstone in default
Having recently defaulted on debt payments, Greenstone Resources (GRE-T) is engaged in discussions with its bondholders and lenders aimed at recapitalizing the company and ensuring its ability to cont…
Canmine aims to acquire plant
The problem-plagued Cobatec hydrometallurgical plant and refinery near Cobalt, Ont., is about to change hands.Canmine Resources (CMR-T) plans to buy the cobalt-nickel processing plant for $6.1 million…