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…
News
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…
Edwards mine remains in red
River Gold Mines (RIV-T) reports having produced 12,800 oz. gold from the Edwards gold deposit near Wawa, Ont.In total, 34,162 tonnes were transported to the company’s nearby Eagle River mill, bringin…
Canaco Res. identifies target
Exploration by Canaco Resources (CSE-M) has resulted in the discovery of a volcanogenic massive sulphide (VMS) target at the Lady Pond property near Springdale, Nfld.The junior discovered a north-east…
DIAMOND PAGE — Lytton to merge with New Indigo
Shareholders of Lytton Minerals (LTL-T) and New Indigo Resources (NDR-A) have agreed to amalgamate under the new name, Tahera (TAH-T).Lytton shareholders will receive one share in the new company on a…