PEOPLE — BELLATOR
Reid Brodylo appointed vp exploration.
News
PEOPLE – ARCHANGEL
Timothy Haddon appointed president and CEO.
STOCK MARKETS — Western markets waver under gold and copper blues — Cross Lake, Canabrava Diamonds drop following release of results
Weak gold and copper markets continue to take their toll on junior mining and exploration stocks. The Vancouver Stock Exchange composite index shed 19.31 points, or 3.1%, during the report period ende…
TSE Short Positions (March 02, 1998)
Short positions outstanding at February 15, 1998Larger individual positions include: Anderson Exploration 698,600, up 697,200; Barrick Gold 18,661,797, up 3,005,663; Black Swan Gold 188,500, down 198,…
Getchell seeks Turquoise Ridge financing
Getchell Gold (GGO-X) is looking to the market for the funding necessary to complete construction of the Turquoise Ridge gold mine in northern Nevada.Now that the Canadian Imperial Bank of Commerce (C…
STOCK MARKETS — TSE has another bad week as metal prices continue slump — Yamana rises on impressive assay results from silver discovery in Argentina
During the report period Feb. 18-24, the Toronto Stock Exchange 300 index lost 12.21 points, or 0.18%, to end the week at 6948.25.The Canadian dollar climbed 57 basis points against its American count…
TVX Gold sustains lower precious metal production
Although TVX Gold (TVX-T) has yet to release its 1997 earnings and updated reserve estimates, the gold and silver producer has announced its 1997 production figures, its projections for 1998 productio…
Goldcorp acquires Wilanour
Shareholders of Wilanour Resources (WLR-T) have approved a proposed takeover by its major shareholder, Goldcorp (G-T).Goldcorp recently agreed to purchase 91% of the Wilanour shares it did not already…
Placer Dome boosts production
Increased production rates and revenues, coupled with lower cash production costs could not offset an enormous writedown at Placer Dome (PDG-T).During 1997, the company recorded a consolidated loss of…
Major General earns back into Victoria Island
Vancouver-based juniors Major General Resources (MGJ-V) and Ascot Resources (AOT-V) have signed a letter of agreement whereby the former can earn back a 50% interest in the Victoria Island diamond pro…
SPOT PRICES (March 02, 1998)
Wednesday, February 25, 1998Price (US)Week’s ChangeGold*$292.30- $5.50Silver*$ 6.3…
Trivalence increases ownership in Aredor concession
DIAMOND PAGE — Trivalence Mining (TMI-V) has increased its stake in the Aredor diamond concession in the West African country of Guinea after reaching an out-of-court settlement.The Vancouver-based j…