Pegasus aims to sell Mt. Todd
Financially troubled Pegasus Gold (PSGQF-O) plans to sell off the Mt. Todd gold mine and seek damages from the engineering contractors involved in the planning and design of the Australian project.The…
News
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Golds gain ground in quiet market
The Toronto Stock Exchange 300 index gained 45.21 points during the July 2-7 report period to finish at 7,454.60. While the metals and minerals sub-index fell 1.2% to 3,534.02, the gold and precious m…
SPOT PRICES (July 13, 1998)
Wednesday July 8, 1998Price (US)Week’s ChangeGold*$294.35- $1.40Silver*$ 5.33…
Trillion restructures debt on Ndarama
Kanata, Ont.-based Trillion Resources (TLG-T) has restructured its debt load regarding the purchase of the Ndarama gold mine in Zimbabwe.Trillion has entered into an agreement-in-principle for a US$6….
Amblin intersects deep zone
Drilling by Amblin Resources (AX-A) at the Lyndhurst property, 25 km north of Rouyn-Noranda, Que., has intersected massive sulphide mineralization at a vertical depth of 970 metres.The mineralized zon…
Three killed in copter crash
Three people, including High River Gold Mines director Colin Chapman, were killed July 1 when a helicopter caught fire and crashed in southern Siberia.The other 13 passengers were injured, including H…
OBITUARY — Colin Chapman
High River Gold Mines director Colin Chapman has died. He was 55.Chapman was born in Birmingham, England. He earned a B.Sc. in mineral processing from the Royal School of Mines in London in 1965, havi…
GREATEST VALUE TRADED (July 13, 1998)
ExchgVal($000s)HighLowCloseChangeInco LtdT60192…
MINING MARKETS & INVESTMENT NEWS – QUERY — A thriftier Cypango still chasing kimberlites in NWT
I am seeking information on a Northwest Territories diamond exploration company called Cypango Ventures. The company holds a large land position neighboring Dia Met Minerals’ diamond discovery. I am f…
ASIA — Java takes bath in Mongolia
Production at the Gazar placer operation of Java Gold (JVAG-C) in Mongolia got off to a rocky start in 1997, with just 457 oz. gold being produced from the start of operations in June to the end of th…
LETTER TO THE EDITOR — Canadian regulators should look to European examples
I read your articles about the new rules trying to protect investors from scams such as Bre-X Minerals and Delgratia Mining and was extremely surprised to find no reference of possible punishments.It …
Amex members approve NASD merger
The National Association of Securities Dealers (NASD) and the American Stock Exchange (Amex) are teaming up.Amex’s membership voted 622 to 206 in favor of joining the NASD family of companies. The com…