Teck in bought deal
Teck (TEK-T) is issuing $150 million of new equity through an offering of 10 million units priced at $15 each.The financing is a bought deal by a syndicate led by First Marathon Securities and RBC Dom…
News
GREATEST VALUE TRADED, May 5-11, 1999
ExchgVal($000s)HighLowCloseChangeBarrick GoldT516…
Rapu Rapu advances to feasibility stage
Australian-based Lafayette Mining is proceeding with a preliminary feasibility study at the Rapu Rapu polymetallic project in the Philippines.The company heads up a group that can earn a 75% interest …
SUPPLIERS NEWS ROUNDUP — US coal miners reap benefits
Miners in North Dakota are the best-paid in the U.S. coal industry, according to a study by a Spokane, Wash.-based engineering firm.Western Mine Engineering found that miners at the state’s four large…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Falling gold wipes out gains
The Dow Jones industrial average climbed 140.04 points, or 1.3%, to 11,026.15 during the report period ended May 11.Heavy trading marked the week as the bottom fell out of the gold price after the Bri…
Gammon takes bulk sample
With results in hand from a bulk-sampling program, Gammon Lake Resources (GAML-C) is gearing up for a 1,000-metre drilling program at its Brenda mine property in Mexico’s Chihuahua state.Earlier this …
Seabee output boosts Claude’s profit
Saskatoon-based gold and petroleum producer Claude Resources (CRJ-T) has turned in another profitable quarter, following a strong performance by its flagship Seabee gold mine in Saskatchewan.In the th…
QUERY — D’Aragon ended up in the soup
I am the holder of a 100-share certificate (par value $1 per share) from D’Aragon Mines Limited, dated Aug. 17, 1955. D’Aragon was incorporated under the Ontario Companies Act. The certificate, conter…
SUPPLIERS NEWS ROUNDUP — Toronto firm to supply lime to Chile
South American Copper & Gold (SACG) will partner with a private local firm to build a US$6-million lime kiln processing plant in Chile.The project will launch Toronto-based SAGC into the lime supply b…
International mining conferences abound
A number of upcoming international conferences will focus on various prospective regions throughout the world.The governments of Ireland and Nova Scotia will host the North Atlantic Minerals Symposium…
Kazakstan re-examines uranium privatization — US court to hear from spurned Canadian firm
The government of Kazakstan and an Israeli firm have signed a letter-of-intent for the sale of two state-owned mining firms at the same time that a Washington, D.C., court is preparing to hear argumen…
INSIDER TRADING — AMF, Argosy execs increase holdings
Recent insider trading reported in the Ontario Securities Commission’s OSC Bulletin includes the following:America Mineral Fields (AMZ-T) — Bernard Vavala, director, bought 27,200 shares at 59-69 cen…