The Toronto Stock Exchange 300 composite index ended the report period of Mar. 18-24 at a record high of 7,551.23, up 110.86 points, or 1.5%, over its March 17 showing.The Canadian dollar fell 13 basi…
Proven and probable reserves for Newmont Gold (NGC-N) at the end of 1997 stood at 52.7 million oz. gold, down 5% from the previous year.The apparent decline is a function of the gold price used to cal…
Minorca Resources (mar-t) has purchased a $1-million private placement in Canarc Resource (CCM-T), consisting of just over 1.3 million shares at 75cents each.Minorca has also acquired 800,000 addition…
The exploration arm of Noranda (NOR-T) has signed a deal with Southern Africa Minerals (SAF-T) to earn a 55% interest in the Caber base metal property, situated near Matagami, Que.For its interest, No…
Prompted by the Bre-X Minerals debacle, the Commission des valeurs mobiliers du Quebec (CVMQ) has introduced new regulations designed to boost the credibility of mining companies in the Quebec securit…
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Jersey Goldfields (JRG-V) has changed its name to Jersey Petroleum (JPI-V)
Wheaton River Minerals (WRM-T) has received encouraging results from column-leach tests on two composite samples taken from its Bellavista gold deposit in Costa Rica.The Toronto-based company, which o…
Falconbridge (FL-T) will close its Kidd Creek smelter for two weeks at the end of March as a result of lower copper production and prices.Production at the Kidd Creek operation, which consists of thre…
A sizable cost overrun at the Kemess gold-copper project in north-central British Columbia has pulled Royal Oak Mines (RYO-T) into troubled financial waters.The company recently announced that its cap…
.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…
John Tait appointed chairman. John Hedges, Henry Sandri and Paul Ankcorn appointed directors.
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