Tri Origin eyes Timmins area gold
Junior Tri Origin Exploration (TOE-T) has outlined several promising gold targets at its English gold property near Timmins, Ont.The announcement follows a program of geochemical prospecting and soil …
News
Eastmain drills VMS targets in NB
Toronto-based Eastmain Resources (ER-T) has begun a diamond drill program at the Rocky Lake-Otter Brook property in the Bathurst camp of New Brunswick.The 1,500-metre program will target electromagnet…
Luscar bids for Canada’s largest coal miner
Luscar Coal Income Fund has launched a takeover bid for Manalta Coal Income Trust, owner of Manalta Coal, in a $550-million deal that would create North America’s sixth-largest producer.The takeover i…
Richmont boosts production
Weak gold prices do not appear to be taking much of a toll on Montreal-based Richmont Mines (RIC-T).The company posted net earnings of $1.4 million for its latest quarter ended June 30, up from $1 mil…
Smooth sailing at Freeport’s Grasberg
By expanding one of its concentrators, Freeport-McMoRan Copper & Gold (FCX-N) has achieved record throughput levels at the Grasberg copper-gold mine in Irian Jaya, Indonesia.The company, through 85%-o…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — TSE hit by weak dollar, lacklustre metal prices
A devalued Loonie and poor performances in the metals sector contributed to a dismal performance by the Toronto Stock Exchange 300 index during the report period July 22-28. The index finished the wee…
Eskay Creek spins out cash for Prime
Record production and lower cash costs at the Eskay Creek gold-silver mine in northwestern British Columbia are strengthening the bottom line of cash-rich Prime Resources Group (PRU-T).Besides Eskay C…
Index (July 27, 1998)
CareersClassifiedDiamondsDrillersEditorialGuest ColumnInsider TradingInvestment CommentaryLetters to the EditorMetal PricesMining Markets andInvestment NewsOdds ‘n’ SodsProfessional DirectoryQueryStoc…
St. Jude outlines Father Brown zone
Junior St. Jude Resources (SJD-V) continues to outline gold mineralization at the Father Brown zone, the primary drill target on the Hwini-Butre concession in Ghana, West Africa.The company holds an o…
Lawsuits, hearings focus on disclosure, corporate conduct — Regulators and shareholders train sights on Crystallex, Naxos, Cartaway and First Marathon
As if to signal the end of the 1990s bull market for resource stocks, irate shareholders and vigilant securities regulators have taken aim at a powerful brokerage firm and several junior companies tha…
MINING MARKETS AND INVESTMENT NEWS — Investment Commentary — Analyst sees upside for Quebec-based McWatters Mining
Operating narrow-vein, underground gold mines in Canada requires technical skill and financial staying power, particularly in times of low gold prices.Though relatively new to the game, McWatters Mini…
LETTERS TO THE EDITOR — Bishop responds to accusations
In a recent letter (“Industry needs dose of credibility,” T.N.M., June 29-July 5, 1998), Daniel MacAlpine writes, “When Bob Bishop blamed the Crystallex loss on the crooked Venezuelan courts, he shirk…