Ecuadorian consolidates Gaby holdings
Zappa Resources (ZPA-V) is set to deal its interest in the Gaby gold deposit in southern Ecuador to Ecuadorian Minerals (EMC-T).In a deal valued at US$1.6 million, Ecuadorian would take sole interest …
News
Orko, Greystar chalk up exchange listings
Among the companies recently listed for trading on the Vancouver Stock Exchange is Orko Gold (OK-V), a junior with property holdings in British Columbia.The company’s chief asset is the 1,175-ha Bonap…
Wheaton River advances Bellavista — Prefeasibility study foretells of low cash costs
Wheaton River Minerals (WRM-T) is making a name for itself by acquiring underdeveloped gold properties and breathing new life into them through canny management and the introduction of low-cost heap-l…
SPOT PRICES (May 11, 1998)
Wednesday, May 6, 1998Price (US)Week’s ChangeGold*$303.50- $4.05Silver*$ 6.08…
NEWS IN BRIEF (May 11, 1998)
Yukon Spirit Mines (YSM-V) has changed its name to GaineyResources (GRD-V) on a 1-new-for-7.4-old-share basis.
Walsh’s Bahamian assets frozen by bankruptcy trustee
Deloitte and Touche, the accounting firm acting as bankruptcy trustee for Bre-X Minerals, has obtained a court order freezing the Bahamian assets of former Bre-X chairman David Walsh.The injunction, g…
TORONTO STOCK EXCHANGE INDICES (May 11, 1998)
1998May 5May 4May 1Apr. 30Apr. 29HighLowComposite…
FINANCINGS (May 11, 1998)
Cimarron Minerals (CIU-V) has arranged a brokered private placement of 2 million special warrants at 32cents each, for gross proceeds of $640,000.Each special warrant is exchangeable for one share and…
Treminco acquiring Montana gold mine — Newmont unit to get cash, shares
Junior Treminco Resources (TMO-T) has signed a letter-of-intent with two subsidiaries of Newmont Gold (NGC-N) to acquire the Elkhorn gold project in Montana.Treminco must issue 550,000 shares and pay …
Newcrest buys into Argentine gold play
Australia’s Newcrest Mining is acquiring a controlling stake in the Canada Onda gold property in central Argentina from Solitario Resources (SLR-T).The Aussie miner can earn up to a 60% interest in th…
Banks topic of CIM lunch
Central banks and the international gold market will be the focus of the next luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), to be held May 21 at 1…
Inmet looking for buyer for Antamina — Expansion planned for Troilus; Teck shares on block
Pressured by a September deadline to commit to the huge Antamina copper project in Chile, Inmet Mining (IMN-T) recently began talks with ten large base metal producers regarding a possible sale of its…