Index (March 29, 1999)
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News
Semafo, Prospex plan merger
An agreement-in-principle sets the stage for a merger between Prospex Mining (PRM-V) and Semafo (SMF-T).The proposed deal calls for Prospex to merge with a wholly owned subsidiary of Semafo and become…
Eldorado tables study of Efemcukuru — US$45 million to build 800-tpd underground mine and mill
By tabling a prefeasibility study, Eldorado Gold (ELD-T) has moved one step closer to developing its wholly owned Efemcukuru gold project in western Turkey.The study indicates that the internal rate-o…
ProAm, Starcore bullish on Samuels Lake
Partners ProAm Explorations (PMX-V) and Starcore Resources (SOE-V) have caught the market’s attention with initial drill results from their equally held Samuels Lake polymetallic property near Atikoka…
DIAMOND PAGE — De Beers, TNK part ways at Gope
Unimpressed by exploration results, De Beers Consolidated Mines (DBRS-Q) has decided to abandon the Gope diamond project in Botswana.The major recently completed a bulk-sampling program on four pipes …
Companies (March 29, 1999)
Adobe VenturesArabian Shield DevelopmentArimex MiningAtna ResourcesAuric ResourcesAvalon VenturesBand-Ore ResourcesBarrick GoldBattle Mountain GoldBolidenBroadlands ResourcesCambiex Explora…
SPOT PRICES (March 29, 1999)
Precious MetalsPrice (US)ChangeGold$284.25+$0.35Silver$ 5.10+$0.06…
Sunshine posts quarterly loss
Despite higher silver production, Sunshine Mining & Refining (SSC-N) posted a net loss for the fourth quarter of 1998.The company reported a loss of US$3.8 million, compared with a loss of US$3.1 mill…
Geomaque discovers new zone on San Francisco
Following a record year of output, Geomaque Explorations (GEO-T) has discovered a new zone of near-surface gold mineralization just west of its San Francisco mine in Mexico’s Sonora state.Results are …
Redaurum shareholders approve takeover
Shareholders have approved a revised agreement for a business combination between Redaurum (RRK-T) and a private company.The revised merger agreement — effectively a reverse takeover of Redaurum — w…
East Bull Lake yields more PGE for Mustang
Junior Mustang Gold (MMIN-C) has discovered more platinum group elements in the East Bull Lake intrusion, 80 km west of Sudbury, Ont.The Toronto-based company resampled a hole that was drilled in the …
Australian geology subject of tour
With a focus on Australia’s diverse geology, two field trips will make stops at 16 of the continent’s precious and base metals mines.Sponsored by the Australian Minerals Foundation (AMF), the tour, en…