CORRECTION (January 12, 1998)
CanAlaska Resources (ICA-V) will purchase 10 claims (125 units) in Michie Twp., near Timmins, Ont. from Royal Oak Mines (RYO-T) in return for $125,000 by Jan. 15, 1998. Royal Oak will retain a 2% net …
News
LETTER TO THE EDITOR — Resource reporting should be clarified from the top
This is the time of year when executives and boards present their annual reports to shareholders. This year’s reports will be the first drafted since the Bre-X Minerals bubble burst.How will companies…
Cobre advised to reject Phelps Dodge
Financial advisors to Cobre Mining have recommended that the takeover bid by Phelps Dodge (PD-N) be rejected.A special committee of Cobre board members has rejected the bid on the financial advice of …
NEWS IN BRIEF (January 12, 1998)
Network Telemetrics (NTM-V) has changed its name to Belvedere Resources (BEL-V).
KWG and St. Gen resume trading
The shares of disgraced companies St. Genevive Resources (SGY-T) and affiliate KWG Resources (KWG-T) are now trading as penny stocks after their move onto the Canadian Dealing Network, using the symbo…
Miramar scales back Con operations to cut costs
In response to continued low gold prices, Miramar Mining (MAE-T) is scaling back mining and milling at its Con gold mine in Yellowknife, N.W.T, and taking a $40 million write-down against the project….
PEOPLE — WHITE KNIGHT (January 12, 1998)
Robert G. Cuffney appointed vp exploration.
PEOPLE – WESTMOUNT
Alan D. Hitchborn appointed vp exploration.
PEOPLE — WESTERN COPPER (January 12, 1998)
Michael Halvorson appointed director.
PEOPLE — WAR EAGLE (January 12, 1998)
Leslie B. Salnick appointed vp.
PEOPLE — MEGASTAR (January 12, 1998)
John L. Gray appointed vp corporate development.
First Dynasty gets green light in Armenia
Despite the gloomy gold market, First Dynasty Mines (FDM-T) is entering the new year with a bang.Recently completed independent prefeasibility studies give the “thumbs-up” sign for the redevelopment o…