Lac des les struggling for profits
Despite robust prices for platinum group metals, profits have remained elusive at the Lac des les mine near Thunder Bay, Ont., Canada’s only primary platinum group metals producer.In the first six mo…
News
CORRECTION (September 21, 1998)
In our Aug. 24 report on the merger of Glamis Gold (GLG-T) and Mar-West Resources (MSR-V), we incorrectly stated that the latter’s president, Simon Ridgway, and vice-president of exploration, Robert W…
Companies (September 21, 1998)
Aber ResAgnico-EagleAscot ResourcesAurizon MinesAuspex MineralsBarrick GoldBattle Mtn GoldBlack Hawk MgBroken HillBro-X MineralsCambiorComaplex MinComincoCumberland ResDayton MiningDenis…
Auspex, Vestor expand Fetais deposit
Partners Auspex Minerals (APJ-V) and International Vestor Resources (IVS-V) have released further positive drill results from the Fetais deposit in Aljustrel, Portugal.Highlights from the 13-hole prog…
Meetings (September 21, 1998)
Sept. 21, Bargold Sept. 21, Black Swan Sept. 21, El Bonanza Sept. 21, New Sage Sept. 21, Savannah Sept. 21, True Expl. Sept. 21, War Eagle Sept. 21, Western Amer. Sept. 22, Amarc Sept. 22, American Se…
SPOT PRICES (September 21, 1998)
Wednesday September 16, 1998Price (US)Week’s ChangeGold*$289.15+$5.00Silver*$ 4.95…
Virginia Gold active at La Grande Sud
Drilling by Virginia Gold Mines (VIA-M) at its La Grande Sud property in the James Bay region of Quebec has cut several long gold intersections.Highlights from the program include:* 11 metres (from 34…
GREATEST VALUE TRADED (September 21, 1998)
ExchgValue($000s)HighLowCloseChangeBarrick GoldT2…
Dayton works to reverse falling profits
Higher costs and lower production have driven Dayton Mining (DAY-T) deeper into the red.For the three months ended June 30, the company lost $3.9 million (or 13 cents per share) on revenue of $8.9 mil…
NEWS ROUNDUP — American Copper eyes Oro Nevada
Vancouver-based American Copper (ACC-V) has offered to buy all the outstanding shares of Oro Nevada Resources (ONV-A) for a price equivalent to 30 cents per share, payable on the basis of one American…
NEWS ROUNDUP — AntOro acquires Beauce property
An exploration program is planned by AntOro Resources (ORE-M) on its newly acquired Seigneurie St. Francois property in Beauce Cty., Que.The property is in a historic placer mining region, where many …
Cancor reports zinc find in Quebec
An exploration program by Cancor Mines (KCR-M) has identified a zinc-mineralized massive sulphide zone at the Gemini project in the Abitibi region of Quebec.Based on partial assay results obtained to …