Montreal-based Allican Resources (ALI-M) has raised $1.2 million for studies related to a ferrochrome production project in Thetford Mines, Que.The funds were raised from various sources. The company …
In the mid- to late-1980s, my apprenticeship as a geologist at the Dome and Paymaster gold mines, and more recent exploration work in the Hoyle Pond belt of the Timmins-Porcupine camp, afforded me the…
Mining companies are being battered left and right by low commodity prices and investor apathy, with junior companies bearing the brunt of the frontal assault. That might explain why only two companie…
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:AfriOre (AFO-V) — Thomas DiGiacomo, director, transferred 80,000 shares fro…
Contract miner Dynatec (DY-T) reported net earnings of $700,000 in the latest quarter ended Sept. 30, down from $3.1 million a year earlier.The company has three divisions: mining services, drilling s…
1998Nov. 17Nov. 16Nov. 13Nov. 12Nov. 11HighLowCom…
Legal action filed against Glenmore Highlands (GMH-V) by two people claiming to be shareholders has been dropped.The claim sought to force Glenmore, which owns an interest in the AK and CJ diamond pro…
Wednesday November 18, 1998Price (US)Week’s ChangeGold*$294.40+$0.80Silver*$ 4.96…
The curtailment of exploration staff in South America and the writedown of deferred exploration costs have resulted in a net loss of US$570,000 for Metallica (MR-T) in the 1998 third quarter.The Denve…
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateNov. 17Nov. 16Nov. 13Nov. 12…
A final showdown between the board of directors of Anzex Resources (AZX-V) and its former president will play out at the company’s annual general meeting next month.At the centre of the dispute are th…
Junior producer Exall Resources (EXL-T) enjoyed a profitable third quarter, netting $801,031 in the three months ended Sept. 30, compared with net losses of $148,552 in the comparable period of 1997.T…
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