Glamis Gold (GLG-T) has sold its entire block of shares in BlackRock Ventures (BVI-T) for gross proceeds of US$9.7 million.The former now has US$39.6 million in working capital, of which US$35.6 milli…
To alleviate its US$115-million debt load, Vengold (VEN-T) has sold 25 million shares of Lihir Gold (LIHRY-Q).The proceeds, which tally to about $25 million (Australian), will reduce Vengold’s outstan…
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Following a momentous year culminating in the sale of its prized Midas project, Romarco Minerals (R-T) is getting back to the business of exploring for gold in Nevada.In November 1998, Romarco sold it…
Antimony: Representative mid-market US$1,255 per tonne (June 8/99).Bismuth: Representative mid-market US$3.65 per lb. (June 8/99).Cadmium: Representative mid-market US$0.22 per lb. (June 8/99).Chromiu…
Short positions outstanding at May 31, 1999Larger individual positions include: Abitibi-Consolidated 1,514,975, up 609,619; American Gem 1,068,652, up 879,377; Anderson Exploration 338,111, down 125,3…
Effective June 8, Minroc Mines became Cassiar Mines & Metals (CIR-T) and drew down a $5-million financing for its magnesium-chrysotile project at Cassiar in northern British Columbia.The past-producin…
Encouraging results are reported from the Munn Lake kimberlite sill discovery at the Back Lake project in the Northwest Territories.A 42-kg aggregate kimberlite sample collected from two core holes an…
The Pipeline gold mine in Nevada’s Crescent Valley is to Placer Dome (PDG-T) what the Goldstrike property is to Barrick Gold — a production cornerstone.The mine is owned, on a 60-40 basis, by Placer …
It wasn’t a light at the end of tunnel after all — only an English banker stumbling around with a flashlight, checking out how much gold he had left to sell in his bargain basement.Notwithstanding th…
With its production season just begun, Wheaton River Minerals (WRM-T) found itself $680,777 (or 2 cents per share) in the red during the 3-month period ended March 31, compared with a loss of $303,984…
Although it enjoyed exploration success in the first quarter, St Andrew Goldfields (SAS-T) was not so lucky financially.In the three months ended March 31, the Toronto-based junior lost $453,676 (or 2…
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