DIAMOND PAGE — CORRECTION (December 21, 1998)
Our Insider Trading report of Dec. 7 reported that Robert Friedland had indirectly acquired 17.31 million shares in First Dynasty Mines (FDM-T) at 40 cents by converting an equivalent number of debent…
News
Beaufield drills near Ottawa
On the belief that the past-producing Calumet mine near Ottawa has undiscovered extensions, Beaufield Consolidated Resources (BFD-V) has agreed to acquire an interest in two adjoining properties.Immed…
Index (December 21, 1998)
Jan. 20 Canadian Mining Hall of Fame — “11th Annual Induction Banquet.” Royal York Hotel, Toronto. Contact Christine Giovis. Tel: (416) 510-6843. Fax: (416) 442-2181.Jan. 20-21 McGill University (Dep…
La Camorra mine making long climb back
Less than a year ago, the La Camorra gold mine in eastern Venezuela looked like an expensive hobby.Operating losses and poor production at the mine had left operator Monarch Resources (MRE-T) with lit…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — TSE suffers mild setback, gold producers gain
The Toronto Stock Exchange 300 index fell 163.1 points during the report period Dec. 9-15, ending the week at 6,236.67.Gold producers regained some investor confidence, as the gold and precious metals…
NAME CHANGE (December 21, 1998)
Consolidated Sarabat Gold (CSB-V) has changed its name to CSG Resources (CSG-V) on a 1-new-for-3-old-share basis.
Radisson aims to buy gold deposits in Quebec
Under a letter-of-understanding with partner Breakwater Resources (BWR-T), Radisson Mining Resources (RDS-M) plans to purchase sole ownership of the O’Brien gold property and the adjacent Kewagama cla…
Placer makes bid for Getchell
Placer Dome (PDG-N) is poised to acquire all the outstanding shares of Getchell Gold (GGO-X) in a US$1.08-billion manoeuvre aimed at taking over the company’s underground operations in northern Nevada…
Mid-North, Formation start drilling
Partners Mid-North Resources (MNU-A) and Formation Capital (FCO-T) report that diamond drilling is under way at the Central Manitoba gold property in the province’s southeastern region.The program wil…
Golden Knight sells stake in African JV
Golden Knight Resources (GKR-T) is selling its half-interest in the Manso Nkwanta joint venture in Ghana. The deal will see Australian-based Leo Shield Explorations assume total ownership in return fo…
Foran funds drilling in Saskatchewan
To fund further drilling of its McIlvenna Bay polymetallic property in Saskatchewan, Foran Mining (FOM-V) intends to raise $1.7 million through a private placement.The junior will issue 2.8 million un…
Cross Lake options zinc-silver property
Vancouver-based Cross Lake Minerals (CRN-V) has acquired an option on a zinc-silver property, 50 km northeast of Chase, B.C.Cross Lake can earn a 100% interest in the Ladybug property by paying $90,00…