Geomaque and St Barbara offer Defiance
Toronto-based junior Geomaque Explorations (GEO-T) plans to merge with St Barbara Mines of Perth, Australia, to create an international gold mining company.The combined company would be called Defianc…
Defiance Mining Corporation
TSE composite ends flat as gold rallies
The Toronto Stock Exchange moved sideways over the holiday-shortened report period, gaining a piddly 35.21 points. The composite index ended the Dec. 23-27 period at 6,595.83.Gold maintained its momem…
Damang gives Repadre earnings boost
With a share in production from the Damang gold mine in Ghana now part of its portfolio, Repadre Capital (RPD-T) has posted earnings of $4.1 million (or 10 per share) on revenue of $5.9 million in th…
Geomaque seeks exploration funding
Having no cash to spare for exploration, Geomaque Explorations (GEO-T) shall attempt to raise $1.5 million through a private placement.The offer, which is being brokered by Haywood Securities, entails…
Placer hops on merger bandwagon
The golds once again outshone the broad market, which slipped 27.73 points over the five trading days to finish the May 22-28 report period at 7,660.58. The gold index leaped ahead 9.83 points, or 4.5…
Geomaque bleeds red in 2001
Struggling junior gold miner Geomaque Explorations (GEO-T) has released its year-end financial results, and they aren’t pretty.The net loss for the year ended Dec. 31, 2001, was US$10.5 million (US17…
Vueltas reserves halved
Reserves at the Vueltas del Rio mine in Honduras have been more than halved, following an independent review.Geomaque Explorations (GEO-T) reports that the amount of minable material in the proven and…
Battle brewing over control of Valerie Gold
Vancouver — As was the case with many junior explorers, 1996 was a stellar year for Valerie Gold (VLG-V). With $20 million in the kitty and with the drill rig set to turn on the prospective Mamatla m…
Geomaque restructures, gets new board (December 31, 2001)
A financial restructuring at Geomaque Explorations (GEO-T) will see the company’s principal lender get a large net cash-flow interest on the Vueltas del Rio gold mine in Honduras.Geomaque reached an a…
Scrooge-like meanness grips TSE
EASTERN MARKETLast-minute selling before the Christmas holidays saw the Toronto Stock Exchange 300 index fall 58.17 points over the Dec. 19-20 report period. The benchmark finished the shortened week …
Geomaque continues to struggle (December 10, 2001)
Winding up operations at the San Francisco mine in Mexico and struggling to elevate production rates at the Vueltas de Rio mine in Honduras, Geomaque Explorations (GEO-T) incurred a net loss of US$1.7…
Geomaque gains more time
Geomaque Explorations (GEO-T) now has until mid-December 2001 to restructure a credit facility with Resource Capital Fund. All scheduled payments continue to be deferred.Meanwhile, mining activities a…