In return for providing Tiomin Resources (TIO-T) with a US$2-million loan, Aur Resources (AUR-T) has acquired an option to buy Tiomin’s huge Cerro Colorado porphyry copper-gold-molybdenite deposit in …
ExchgVol(000s)HighLowCloseBarrick GoldT1277511935.95…
With traders slowly coming back from the New Year’s holiday, the Dow Jones industrial average dropped 9.79 points to close at 9,311.19 for the report period Dec. 29-Jan. 5.Although metal prices langui…
Glen Alston appointed president.
James. T. McClements appointed director.
Gold Funds as of December 31, 1998BGRCentralNet Value$13.775.89Price$9.55$5.450Discount30.65%7.5%Value$102,269,000$102,306,566…
The Vancouver Stock Exchange composite index rallied during the first week of the new year, tacking on 19.17 points, or 5.04%, to finish the week ended Jan. 5 at 398.95. The mining index followed suit…
Acting on the approval of its shareholders, Noranda (NOR-T) has spun off its non-mining assets.For each share of Noranda owned at the end of Dec. 30, 1998, shareholders will receive: one new Noranda s…
Three banks have entered an agreement to provide US$60 million to Goldcorp (G-T) for the expansion of its Red Lake mine in northwestern Ontario.The loan, to be provided by the Bank of Montreal, the Ba…
Gold producing regions in Russia are facing an uncertain year in light of depressed prices and economic instability, though most are anticipating production similar that of 1998.In the northeastern re…
The Buffalo Hills joint venture has approved a 1999 budget of $7.4 million for diamond exploration in north-central Alberta.Ashton Mining of Canada (ACA-T) and Alberta Energy (AEC-T) will share all co…
Reno-based Meridian Gold (MDG-N) has secured funding for construction and development of the El Pe~non mine, near Antofagasta in northern Chile.Standard Bank of New York and Standard Bank London will …
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