Holloway below expectations
The current slump in gold prices is taking its toll on Teddy Bear Valley Mines (TBY-T), the 15.35% owner of the Holloway gold mine in northeastern Ontario.Operated by Battle Mountain Canada (BMC-T), w…
1998
LME WAREHOUSE LEVELS (February 02, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.27/98 (change from Jan. 20 in brackets):MetalStock(tonnes)Change…
Drilling continues at Vueltas del Rio
Infill drilling at one of the two main zones of the Vueltas del Rio gold project in northwestern Honduras continues to intersect impressive mineralization for property owner Geomaque Explorations (GEO…
Two miners die in rockfall
Two miners died in a recent rockfall at the Quinsam coal mine, 22 km north of Campbell River, B.C.Hillsborough Resources (HLB-T) reports that three miners were trapped when the tunnel in which they we…
Noranda deal
ignites takeover talkNoranda (NOR-T) has agreed to sell its interest in Norcen Energy Resources Group to U.S.-based Union Pacific Resources Group for $1.8 billion in cash.Noranda owns 92.6 million sha…
Hall of Fame event stresses human side of mining
The induction ceremonies for the ninth annual Canadian Mining Hall of Fame, held recently at Toronto’s Royal York Hotel, paid tribute to six inductees whose careers showed not the importance of mining…
NW Quebec prospectors fight to save ground-staking
A plan put forward by Quebec’s ministry of natural resources to revise the provincial mining act is drawing criticism from two of the province’s prospectors associations.Amendments being proposed unde…
STOCK MARKETS — VSE gains some ground while ASE ends week on down note — Drill results add value to Francisco; Kalahari benefits from Sunstate deal
The Vancouver Stock Exchange composite index added 2.07 points, or 0.3%, to close at 596.13 over the report period ended Jan 27. The mining index also finished on an up-note, gaining 5.45 points, or 1…
GOLD FUNDS (February 02, 1998)
Gold Funds as of January 22, 1998BGRCentralNet Value$14.67$6.21Price$11.40…
DIAMOND PAGE — Earth Sciences inks Venezuelan diamond deal
Earth Sciences (ESCI-Q) has acquired the right to explore for diamonds in the Gran Sabana, a large treeless expanse in southeastern Venezuela.The vendor, a Venezuelan company known as CODSA 14, contro…
EDITORIAL — PDAC bemoans inadequate disclosure — Codifying corporate conduct
With a membership of more than 6,000 individuals and corporations, the Prospectors & Developers Association of Canada (PDAC) is taking a keen interest in the Ontario task force currently reviewing sta…
Breakwater nixes Bolivian zinc deal
Breakwater Resources (BWR-TWR-T) is scrapping its plans to buy a controlling interest in Bolivian zinc producer Minera.The company attributes the decision to delays caused by Minera’s failure to restr…