Noble Peak buys into South African properties
Mountain Lake Resources (MOA-V) has agreed to deal a 50% option in a subsidiary to Toronto-based Noble Peak Resources (NPK-A).The chief assets of the subsidiary, South African-based Mountain Ash, are …
News
TVX Gold sustains lower precious metal production
Although TVX Gold (TVX-T) has yet to release its 1997 earnings and updated reserve estimates, the gold and silver producer has announced its 1997 production figures, its projections for 1998 productio…
Goldcorp acquires Wilanour
Shareholders of Wilanour Resources (WLR-T) have approved a proposed takeover by its major shareholder, Goldcorp (G-T).Goldcorp recently agreed to purchase 91% of the Wilanour shares it did not already…
EDITORIAL — Government proposing tough legislation — Fighting bribery abroad
Sadly, this Earth is riddled with tin-pot dictators skimming cream from state-owned enterprise and sleazy bureaucrats ushering in “big tippers” to the backrooms where business deals are made. In this …
Canadian mineral output dogged by low prices
In 1997, the overall value of mineral production in Canada grew just 0.3% over the previous year, to $49.8 billion, according to figures released by Natural Resources Canada.Significant price declines…
GREATEST VALUE TRADED, Feb. 18-24
ExchgVolume(000’s)HighLowCloseChange.ZSBarrick GoldT…
METAL PRICES – Daily Metal Prices (March 02, 1998)
BASE METALS (London Metal Exchange — Midday bid/ask prices in US$ per tonne)DateFeb. 24Feb. 23Feb. 20Feb. 19…
Philip Services reveals inventory adjustment
Hamilton, Ont.-based waste-management firm Philip Services revealed in late January that it is taking a one-time charge to its 1997 earnings of at least US$75 million relating to an after-tax “physica…
Repadre ponies up for NSR — on Vista’s Bolivian properties
Repadre International, a subsidiary of Repadre Capital (RPD-T), has signed a US$1-million deal with Vista Gold (VGZ-T) to acquire a net smelter return (NSR) royalty on future production from the Amaya…
Echo Bay posts loss
Echo Bay Mines (ECO-T) posted a loss for 1997 based upon substantial writedowns and special charges, though the company returned improved results in the fourth quarter.The Denver-based gold and silver…
Meetings (March 02, 1998)
Mar. 2, Penn GoldMar. 2, TouchstoneMar. 3, Altius MineralsMar. 3, Goldrush Casino & MiningMar. 3, Meota ResourcesMar. 3, WindarraMar. 5, Brigadier GoldMar. 5, JilbeyMar. 5, Tan RangeMar. 5, Tequila Co…
Aur drops Patagonia
After spending $1.5 million on exploration, Aur Resources (AUR-T) has decided to drop its option to earn an interest in the Patagonia property from Southern Rio Resources (SNZ-V).Southern Rio intends …