Bre-X action names Barrick
Claiming that Barrick Gold (ABX-T) knew as early as October 1996 that Bre-X Minerals’ Busang gold deposit was a hoax, lawyers representing shareholders in a class-action suit have named the gold produ…
Placer Dome Inc
Property writedowns keep TVX in red ink
Lower cash costs at several of its operations were not sufficient to prevent TVX Gold (TVX-T) from reporting a loss of US$50 million (or 36cents per share) for 1997.The medium-tier producer reduced to…
Companies (April 06, 1998)
Aber ResourcesAfcan MiningAlto MineralsAmblin ResourcesAMT Intern’l MiningAnglo AmericanApex Silver MinesArmada GoldAteba MinesBanro ResourcesBarrick GoldBattle Mountain GoldBlack Hawk MiningBlue Dese…
STOCK MARKETS — Rising precious metal prices pull up major gold stocks — Crystallex shares dive on Venezuelan congressman’s remarks
The Toronto Stock Exchange 300 composite index ended the report period of Mar. 18-24 at a record high of 7,551.23, up 110.86 points, or 1.5%, over its March 17 showing.The Canadian dollar fell 13 basi…
Venezuelan congressman challenges Crystallex — Congressional committee offers papers to OSC
Calling the court actions launched by Crystallex International (KRY-T) “judicial privateering,” a Venezuelan congressman told an investment conference here that the company’s claims to legal title to …
Etruscan, Placer Dome hit more gold mineralization at Samira
Results from seven deep holes drilled at the Samira gold project in southwestern Niger have enabled partners Etruscan Resources (EET-T) and Placer Dome (PDG-T) to confirm the deposit’s continuity at d…
STOCK MARKETS — Majors suffer through another week of low metal prices — Caledonia leads the junior pack with Canadian and African projects
The Toronto Stock Exchange 300 composite index ended the report period of Mar. 11-17 at 7,440.37 points, up 144.37, or 2%. The index hit yet another record high of 7,468.76 points during the week.The …
Lower gold price shrinks Pegasus reserves
A recalculation of proven and probable reserves in light of lower gold prices dramatically reduced the ounces of the yellow metal attributed to Pegasus Gold (PGU-M).Excluding the contribution from the…
Companies (March 23, 1998)
Abcourt MinesAber ResourcesAgnico-Eagle MinesAlberta EnergyAmerican GemAnglo AmericanAnzex ResourcesAsarcoAshton Mining of Can.Asquith ResourcesAzco MiningBattle Mountain GoldBirim GoldfieldsCallinan …
STOCK MARKETS — Base metals head up in buoyant market — TSE indexes make new highs as base metals jump 7%
The base metal stocks were the stars of the market as the Toronto Stock Exchange reached a new all-time high on Mar. 10. Over the five trading days Mar. 4-10, the TSE 300 composite index climbed 158 p…
Industry moves to swat millennial bug
Many Canadians are looking forward with great anticipation to the millennium. It is seen as a symbol of hope and optimism, the beginning of a new chapter for our country and for humanity.Far removed f…
Companies (March 09, 1998)
Aber ResourcesAlmaden ResourcesAlta GoldAlto MineralsAmax GoldAmbrex MiningAnglo AmericanAranlee ResourcesArchon MineralsArcturus ResourcesArgentina GoldArmistice ResourcesAsarcoAtlasAtna ResourcesAug…