Metal prices force Teck to take writedowns
Given the substantial decline in metal prices of late, Teck (TEK-T) has decided to take fourth-quarter, year-end writedowns totalling $175 million.The largest single component of the writedown is $52 …
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Aurado picks up Mexican ground
Aurado Exploration (AEO-T) has signed a deal with a subsidiary of Cominco (CLT-T) to acquire interests in two properties near the San Nicolas massive sulphide discovery in Zacatecas state, Mexico.In o…
TORONTO STOCK EXCHANGE INDICES (February 23, 1998)
1998Feb. 17Feb.16Feb. 13Feb. 12Feb. 11HighLowComp…
Boliden doubles profits in eventful year
While creating a stir in North America with a corporate move to Toronto from Sweden, a public flotation and a successful takeover of Westmin Resources (WMI-T), new-kid-on-the-block Boliden (BOL-T) als…
DIAMOND PAGE — Rupert sizes up South African pipe
The third hole of a delineation drilling program on the past-producing Crown kimberlite pipe in South Africa has intersected more than 467 metres of potentially higher-grade, hypabyssal-phase kimberli…
Greystar cuts more gold at Angostura
Greystar Resources (GSL-V) is continuing an aggressive in-fill drilling program at its wholly owned Angostura Gold Project in northeastern Colombia.The Vancouver-based junior released the first drill …
Dia Met forms Finnish partnership with Ashton Mining
Dia Met Minerals (DMM-T) is expanding its search for kimberlite pipes in Finland by entering into a joint venture with Australia-based Ashton Mining.The two companies feel that the integration of thei…
Claude scoops up Madsen
Saskatchewan’s largest gold producer, Claude Resources (CRJ-T), is acquiring fellow narrow-vein miner Madsen Gold (MGF-T), owner of the reopened Madsen gold mine in Ontario’s Red Lake camp.Claude is a…
Nevsun drilling still outlining reserves
Nevsun Resources (NSU-T) has released the final assay results from 42 holes drilled on its 90%-owned Tabakoto gold project in Mali.The holes are part of the company’s 1997 in-fill drilling program, de…
Meeting to introduce new safety group
The mining sector of the Ontario Natural Resources Safety Association (ONRSA) will use the occasion of its annual conference to showcase its transformation into the Mines and Aggregates Safety and Hea…
Diavik inks deal with natives
Diavik Diamond Mines has signed a co-operation accord with the four chiefs of the Dogrib Nation in Yellowknife, N.W.T.Diavik is proposing to develop a diamond mine with its partner, Aber Resources, at…
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