Meetings (October 19, 1998)
Oct. 19, Arlington Oct. 19, Int’l CanAlaska Oct. 19, McWatters Oct. 19, Minorca Oct. 19, Tapajos Gold Oct. 19, White Swan Oct. 20, Bushman Oct. 20, CKD Ventures Oct. 20, Coast Falcon Oct. 20, Fancamp …
News
VenCan cuts Edwards lease
VenCan Gold (VCG-M) has announced it is terminating the lease under which River Gold Mines (RIV-T) operates VenCan’s Edwards gold mine northeast of Wawa, Ont.Under the terms of the lease, VenCan recei…
Lihir to produce less gold
Vengold (VEN-T) has been advised by Papua New Guinean-based Lihir Gold (LIHRY-Q) that the amount of gold expected from the Lihir mine this year has been reduced to 530,000 oz.The 70,000-oz. shortfall …
Gold Fields finances expansion of Tarkwa
South African-based Gold Fields (GLDFY-Q) plans to inject US$60 million into its Tarkwa open-pit heap-leach mine in southern Ghana.Gold Fields owns a 70% interest in Tarkwa and is project manager. The…
Pan American sizes up Mexican silver mine
Since acquiring the former-producing La Colorada silver mine in Mexico’s Zacatecas state this past March, Pan American Silver (PAA-T) has been carrying out a reserve development program aimed at expan…
Kinross bids to acquire La Teko
La Teko Resources (LAO-T) and Kinross Gold (K-T) have entered into a proposed merger whereby shareholders of La Teko will receive one Kinross share for every 2.65 shares held.The offer represents a 54…
Companies (October 19, 1998)
Adrian ResourcesAnglo AmericanAranlee ResourcesArgentina GoldAsia Pacific ResourcesAtacama MineralsAtna ResourcesAurizon Mines17Auspex MineralsBarrick GoldBattle Mountain GoldBillitonBolid…
New Guinea Gold launches drilling at Kabang prospect
New Guinea Gold (NGG-V) has begun diamond drilling on the Kabang prospect, part of the Feni project in Papua New Guinea.The Feni project comprises about 81 sq. km on the islands of Ambitle and Babase….
Regal buys into Maritime gold project
Toronto-based Regal Goldfields (REGL-C) can earn a 75.5% interest in the Touquoy gold project 60 km northeast of Halifax.Work to date by project vendor Moose River Resources has defined an indicated r…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Getting the shaft in Winnipeg
In mid-November of 1926 at the Central Manitoba Mines’ gold operation, the main shaft of our hoist broke, and the ensuing tale illustrates the difficulties of working in the remote bush before the day…
MINING MARKETS & INVESTMENT NEWS — Cameco floats p-shares on U.S. market
Cameco (CCO-T) has sold a US$125-million block of preferred shares in an offering to U.S. investors.Each preferred share represents a principal amount of US$25 in junior subordinated debentures, which…
Chelyabinsk tries to revive sluggish exploration sector
The government of Chelyabinsk, a territory in the Ural Mountains of Russia, has pledged US$600 million over the next seven years to kick-start the region’s base metal mining industry.Under the plan, w…