Placer drops Cerro Crucitas
Placer Dome (PDG-T) has decided to sell its interest in the Cerro Crucitas gold property in northern Costa Rica, stating that the property does not fit its strategic objectives.Since discovering the C…
News
SUPPLIERS NEWS ROUNDUP — Scintrex wins Chinese contract
The nucleonics division of Concord, Ont.-based Scintrex has been awarded a contract valued at $3.1 million from Atomic Energy Canada to supply the fail fuel location systems for the Qinshan 1 and 2 po…
SUPPLIERS NEWS ROUNDUP — Dynatec awarded shaft contract
Richmond Hill, Ont.-based Dynatec has been awarded a US$9.5-million contract from North American Salt.The contract covers the sinking of a 1,600-ft., concrete-lined production shaft at Cote Blanche Is…
Gold sales strengthen Cameco’s bottom line
Despite low prices for both uranium and gold, Cameco (CCO-T) posted solid earnings for the first quarter.Net earnings for the 3-month period ended March 31 increased to $18 million (or 31cents per sha…
Ecuadorian consolidates Gaby holdings
Zappa Resources (ZPA-V) is set to deal its interest in the Gaby gold deposit in southern Ecuador to Ecuadorian Minerals (EMC-T).In a deal valued at US$1.6 million, Ecuadorian would take sole interest …
Orko, Greystar chalk up exchange listings
Among the companies recently listed for trading on the Vancouver Stock Exchange is Orko Gold (OK-V), a junior with property holdings in British Columbia.The company’s chief asset is the 1,175-ha Bonap…
Wheaton River advances Bellavista — Prefeasibility study foretells of low cash costs
Wheaton River Minerals (WRM-T) is making a name for itself by acquiring underdeveloped gold properties and breathing new life into them through canny management and the introduction of low-cost heap-l…
SPOT PRICES (May 11, 1998)
Wednesday, May 6, 1998Price (US)Week’s ChangeGold*$303.50- $4.05Silver*$ 6.08…
NEWS IN BRIEF (May 11, 1998)
Yukon Spirit Mines (YSM-V) has changed its name to GaineyResources (GRD-V) on a 1-new-for-7.4-old-share basis.
Walsh’s Bahamian assets frozen by bankruptcy trustee
Deloitte and Touche, the accounting firm acting as bankruptcy trustee for Bre-X Minerals, has obtained a court order freezing the Bahamian assets of former Bre-X chairman David Walsh.The injunction, g…
TORONTO STOCK EXCHANGE INDICES (May 11, 1998)
1998May 5May 4May 1Apr. 30Apr. 29HighLowComposite…
FINANCINGS (May 11, 1998)
Cimarron Minerals (CIU-V) has arranged a brokered private placement of 2 million special warrants at 32cents each, for gross proceeds of $640,000.Each special warrant is exchangeable for one share and…