CCAA: Bankruptcy Act lite
.BGUEST COLUMN/Bruce LeonardThe recent market decline has significantly impacted resource companies.Downsizings, closures, layoffs and reduced levels of operations have all made their mark. However, w…
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PEOPLE — ORCANA RES.
John Tait appointed chairman. John Hedges, Henry Sandri and Paul Ankcorn appointed directors.
LETTERS TO THE EDITOR — Minister should get serious
At the recent Prospectors & Developers Association of Canada convention in Toronto, I had the opportunity to hear the Honourable Chris Hodgson, minister of Northern Development and Mines for the provi…
TORONTO STOCK EXCHANGE INDICES (March 23, 1998)
1998Mar.17Mar.16Mar.13Mar.12Mar.11HighLowComposit…
Geomaque keeps up profitability
Geomaque Explorations (GEO-T) held its position as a profitable junior gold producer in 1997, posting earnings of $1.6 million (or 4cents per share).This figure includes a one-time charge of US$698,00…
Menora outlines Peruvian deposit
Results from a reconnaissance field program suggest that the Julcan I property in north-central Peru has potential for hosting an economic gold depost, Menora Resources (MEN-M) reports.Situated 112 km…
MOST ACTIVE ISSUES, Mar. 11-17
ExchgVol(000’s)Close.ZSInco LtdT474227.20TVX Gold IncT…
Northern Orion pours first gold
Northern Orion Explorations (NNO-T) poured its first bar of gold at the newly constructed leach facility at the Mantua mine, 240 km west of Havana, Cuba. The event marks the Vancouver-based junior’s f…
DIAMOND PAGE — Diamond output adds to Trivalence bottom line
Diamond production from the Aredor concession in Guinea provided Vancouver-based Trivalence Mining (TMI-V) with a healthy profit in the fourth quarter of 1997.Revenue from Aredor totalled $7.5 million…
Echo Bay defers payments
Echo Bay Mines (ECO-X) will defer cash payments on US$100 million in capital securities.The second semiannual payment on the securities, which were issued in March of last year, is due in October and …
U.S. government investigates American Gem claims
The U.S. Department of Justice is investigating the alleged submission of certain fraudulent mining claims in west-central Montana involving American Gem (GEM-T), its former chairman, Gregory Dahl, an…
GREATEST VALUE TRADED (March 23, 1998)
ExchgVol(000’s)HighLowCloseChangeInco LtdT125095…