Glamis bid pushes Eldorado into red
Legal costs associated with defending the failed takeover attempt by Glamis Gold helped push Eldorado Gold (TSE) into the red for 1995.The company recorded a loss of US$2.4 million for the year after …
Glamis Gold Ltd
Glamis OKs Imperial development
Construction and development of the Imperial project in Kern Cty., Calif., are expected to start in the second quarter of 1997.Glamis Gold (TSE) has completed a feasibility study on the project, which…
Golden Queen re-affirms faith in Soledad Mountain
Junior Golden Queen Mining (TSE) has taken its Soledad Mountain project off the selling block and intends to develop the project as expeditiously as possible.The open-pit, heap-leach project, situated…
Glamis’ bid for Eldorado dead
Some two months after first taking a run at Eldorado (TSE), Glamis Gold (TSE) has allowed its takeover bid for the company to expire.Glamis, which was offering $1.50 in cash plus 0.47 of a common shar…
STOCK MARKETS — TSE languishes as summer slump settles in
The dog days of summer are upon us, leaving the Toronto Stock Exchange listless and tranquil. The TSE 300 composite closed at 4,586.92 points, down 32.31, for the 5-day report period ended Aug. 1.Sign…
Glamis Gold options Aquiline’s Jojoba project in N.W. Mexico
Drilling is planned for La Jojoba, a property in Mexico’s Sonora state.Glamis Gold (TSE) will fund the work under an option to earn a 75% interest from Aquiline Resources (VSE).Glamis must also pay US…
Glamis revises bid for Eldorado
Thwarted in its original offer, Glamis Gold (TSE) has boosted its bid for Eldorado (TSE) to $1.50 plus 0.47 of a Glamis share for each share of Eldorado. Based on Glamis’s trading level of $10.38, the…
STOCK MARKETS — TSE 300 makes gains as profit-taking ensues
Strength in the TSE 300 composite index accumulated in the early part of the report week ended July 18, as the leading index broke through the 4,700-point level, setting a record for the fourth consec…
Glamis-Eldorado marriage unlikely
The hostile takeover of Eldorado (TSE) by Glamis Gold (TSE) is on the rocks.In an eleventh-hour move, Glamis withdrew its application before the Ontario and British Columbia Securities Commissions, re…
Development plan in works for Cieneguita joint venture
An operating and production plan is in place for the Cieneguita gold deposit in Mexico’s Chihuahua state.Glamis Gold (TSE) acquired a 60% interest in the heap-leach project from Aquiline Resources (VS…
Glamis extends Eldorado offer
The battle for control of Eldorado (TSE) shows little sign of letting up.Glamis Gold (TSE), which launched a takeover bid for the Bermuda-based company in early June, has extended the deadline for its…
Eldorado fights Glamis bid
An unsolicited takeover offer by Glamis Gold (TSE) does not appear to have diverted Eldorado’s (TSE) attention from its joint-venture projects nor from its mining operations in Mexico’s Sonoro state.W…