The weak Asian economy and low gold prices have led management of Mazarin (MAZ-T) to withdraw from gold exploration in order to refocus on the company’s industrial mineral operations in Quebec.Two yea…
World Wide Minerals (WWS-T) has transferred all of its gold assets to a newly created subsidiary, Libra Gold.The shares of Libra Gold will be distributed to World Wide shareholders on a pro rata basis…
The Toronto Stock Exchange composite index fell back 326.67 points during the period Jan. 7-13, closing at 6,329.59. The decline, which included a whopping 220-point drop on Jan. 9, was blamed on furt…
Short positions outstanding at December 31, 1997Larger individual positions include:Abitibi-Cons 135,553, down 606,285; Aurado Exploration 204,500, up 190,000; Barrick Gold 10,455,660, down 834,852; B…
.BDerek WiltonPaleoplacer gold and uranium deposits are generally mined as underground operations, as the hard-rock host material is usually deep beneath the earth’s surface.The gold mines in South Af…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.13/98 (change from Jan. 6 in brackets):MetalStocks(tonnes)Change…
Gold Funds as of January 8, 1998BGRCentralNet Value$14.47$6.10Price$10.50…
.BGary LivingstoneFrom a mining perspective, the year past in British Columbia can be best described as “disappointing.” Although 1997 began with strong metals prices and the opening of two new mines,…
David B. Hackman appointed director.
Douglas A. Blackman appointed corporate secretary.
Patrick Downey elected director.
Pierre Gousseland elected chairman.
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