Akrokeri-Ashanti pulls ore from Esaase mine
By strategically shifting its 1997 production to the Jeni property in Ghana from the adjoining Esaase property, Akrokeri-Ashanti Gold Mines (AAGM-C) has managed to alleviate the effects of low gold pr…
1998
Pan American finds silver lining
Having recently acquired the past-producing La Colorada silver operation in Mexico’s Zacatecas state and a 70% interest in the world-class Dukat silver deposit in Russia’s Far East, Pan American Silve…
Rio Algom teams with Anatolia
Evergreen, Colo.-based Anatolia Minerals Development (AMCD.U-C) and Toronto-based Rio Algom (ROM-T) have agreed to jointly explore base and precious metal prospects in Turkey.The agreement, which is e…
CORRECTION (June 01, 1998)
Contrary to information that appeared in our May 25-31 issue, the Indonesian state-owned mining company Aneka Tambang does not hold an interest in the Jampang gold project of Mispec Resources (MPE-M)….
Homestake makes bid for remainder of Prime
San Francisco-based Homestake Mining (HM-N) has made an offer to acquire the 49.4% of Prime Resources Group (PRU-T) that it does not already own.The deal would see Prime shareholders exchange each of …
Rayrock Yellowknife wraps up takeover of Minera Rayrock
Rayrock Yellowknife Resources (RAY-T) has succeeded in its bid to take over affiliate Minera Rayrock (MRN-T).Rayrock, a Toronto-based gold and copper producer, had held a 37.5% interest (19.1 million …
EDITORIAL — Mining traditions worthy of respect — Staking our claim
At Inco’s 1997 annual meeting in Toronto, an aboriginal spokesman stood up and warned shareholders that their $4.3-billion investment in the Voisey’s Bay project was a mere “paper investment” insofar …
SUPPLIERS NEWS ROUNDUP — Satellite firms win business award
Richmond, B.C.-based Radarsat International and Rockville, Md.-based Earth Satellite have won a Canadian-American Business Achievement Award, in recognition of their remote sensing partnership.The awa…
MINING MARKETS & INVESTMENT NEWS — Tenke engaged in joint-venture negotiations
With the feasibility study for Tenke-Fungurume nearing completion, Tenke Mining (TNK-T) is negotiating with major companies interested in participating in the huge copper-cobalt project in the Democra…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — TSE coasts as metal miners fall on weakened prices
The Toronto Stock Exchange 300 index lost 36.42 points over the May 20-26 report period, finishing the week at 7,625.96.The big news of the period was gold’s plunge to US$292.60 per oz. on the morning…
William Resources sinks deeper into red
Despite having boosted overall gold production in 1997, William Resources (WIM-T) ended up deeper in the red.The mid-tier gold producer lost $77.5 million (or $1.58 per share) on revenue of $94 millio…
New association to fight for land rights
Beginning with land-use planning in Ontario and then reaching out across the continent, the fledgling North American Mining Association (NAMA) has set out to co-ordinate the advocacy efforts of all se…