NAME CHANGE (February 15, 1999)
General Allied Oil & Gas (ALO-V) has changed its name to Allied Resources (ALO-V) on a 1-new-for-5-old-share basis.
News
Manhattan passes hurdle at Tambo Grande
Manhattan Minerals (MAN-T) is one step closer to owning the Tambo Grande massive sulphide project in northern Peru.The Vancouver-based gold producer spent the past two years negotiating with the Peruv…
Careers (February 15, 1999)
Exploration ManagerJunior Explorer seeking an Exploration Manager for Central and South American activities. Fluency in Spanish and applicable experience a necessity. Must be prepared to relocate. We …
Crown Res. gains option on Mexican property
Crown Resources (CRRS-Q) has agreed to buy the Magistral del Oro property in Durango state, Mexico, from Real del Monte Mining (RMM-T).Crown can purchase the property by spending US$2.45 million on ex…
Price woes hit nickel industry — Inco, Falconbridge both lose money in ’98
Canada’s two big nickel-copper producers were hit for losses in 1998, as markets for both metals went into tailspins. But Inco (N-T) is sticking to its carrying value for the stalled Voisey’s Bay proj…
Zaldivar deal falls through
An agreement under which Aur Resources (AUR-T) would have bought a half-interest in the Zaldivar copper mine in northern Chile from Outokumpu has proved too rich for Aur’s blood.Aur was to have paid U…
Loss for Cyprus
Englewood, Colo.-based Cyprus Amax Minerals (CYM-N) posted a net loss for 1998 as a result of low copper prices.The loss of US$75 million (or $1.02 per share) compares with earnings of US$69 million (…
Index (February 15, 1999)
CareersClassifiedCommentaryDiamond PageDividendsDrillersEditorialInsider TradingLetters to the EditorMarket PlaceMetal PricesMining Markets & Investment NewsNew HorizonsNews RoundupPeopl…
EDITORIAL & OPINION — New rules would have exposed Busang — Nipped in the bud
If the key recommendations are implemented and enforced, the Mining Standards Task Force report, released by the Toronto Stock Exchange (TSE) and the Ontario Securities Commission, will certainly impr…
TSE INDICES, Feb. 3-9, 1999
DateFeb. 9Feb. 8Feb. 5Feb. 4Feb. 3HighLowComposit…
DIAMOND PAGE — Alberta kimberlites shown to be barren
So far, no diamonds have been recovered from the remaining six kimberlites discovered by Kennecott Canada Exploration last fall on the Legend property in northeastern Alberta.The initial results are f…
Greenstone tallies resources
Drilling in 1998 added reserves to Greenstone Resources’ (GRE-T) Cerro Mojon and San Andres gold mines, in Nicaragua and Honduras, respectively.Proven and probable reserves at Cerro Mojon now stand at…