Affiliates Wheaton, Kit propose marriage
Merger mania has taken hold of Wheaton River Minerals (WRM-T) and Kit Resources (KIT-T).An agreement-in-principal calls for Kit shareholders to exchange each of their shares for 0.408 share of the mer…
1999
EVENTS (December 06, 1999)
Jan. 23-24 Cambridge House Int’l — “Vancouver Investment Conference.” Hotel Vancouver, Vancouver, B.C. Tel: (614) 888 227-7722.Jan. 25-28 B.C. and Yukon Chamber of Mines — “Cordilleran Geology and E…
Akrokeri-Ashanti ups output
Junior Akrokeri-Ashanti Gold Mines (AAGM-C) has nearly doubled production rates at its Jeni alluvial property in Ghana, West Africa.About 300 cubic metres of alluvium are being treated hourly, which i…
A note about the CDNX and our stock pages
On Nov. 29, the new Canadian Venture Exchange (CDNX) replaced the Vancouver and Alberta stock exchanges. Companies found listed on either of the old western exchanges are now listed on the new exchang…
Spot Prices (December 06, 1999)
Precious MetalsPrice (US$/oz.)ChangeGold$291.40-$6.45Silver$ 5.19+$0.02…
TSE INDICES (December 06, 1999)
— 1999 –DateNov. 30Nov. 29Nov. 26Nov. 25Nov. 24High…
MOST ACTIVE ISSUES, NOV. 24-30
Exchg Vol(000s)HighLowCloseChangeBarrick GoldT 16065 29.00 26.20 26.50 – 1.2…
Nord Pacific liquidates nickel asset in PNG
Spooked by sub-par performances at the much-heralded new nickel laterite mines in Australia, Nord Pacific (NPF-T) intends to sell its 31.5% interest in the Ramu nickel-cobalt project in Papua New Guin…
Marl acquires Stoughton Staz
An agreement with Battle Mountain Canada (BMC-T) sets the stage for Marl Resources (MOC-A) to earn up to a 50% interest in the Stoughton Staz gold prospect in the Harker-Holloway region of eastern Ont…
Drilling planned for Urbana play
A 19-hole drill program has been recommended to followup newly identified targets at Urbana’s (URB-V) Macho River gold property in northwestern Quebec’s Urban Twp.The new targets were identified durin…
Rex tests Mauritanian pipes
Rex Diamond Mining (RXD-T) is testing targets at its wholly owned diamond properties in Mauritania, West Africa.The company recently found a third kimberlite in the Tenoumer permit. Grab samples from …
TSE Shorts (December 06, 1999)
Short positions outstanding at November 18, 1999Larger individual positions include:Abitibi-Consolidated 2,322,669, down 180,669; Alcan Aluminum 1,544,543, down 139,876; Anderson Exploration…