Gulf takes Asamera off selling block
Gulf Canada Resources has taken the “for sale” sign off the U.S. and Canadian mineral assets of subsidiary Asamera Minerals (TSE). At Asamera’s recent annual meeting in Calgary, Chairman Chuck Shultz …
Search Results for Cannon Mine
Toronto Stock Exchange Recession warnings keep volumes at lower
The warning bells that everyone has anticipated were sounded during the week ended May 1 when figures released by Statistics Canada revealed that Canada could be on the verge of an economic recession….
Gulf rejects Audrey bid for Asamera Min.
The gap between the valuation placed by Audrey Resources (TSE) and Asamera Minerals’ (TSE) parent Gulf Canada Resources on Asamera’s Canadian and U.S. mineral assets is apparently too wide. Audrey Pre…
Breakwater set to purchase Caribou lead-zinc operation
Breakwater Resources (TSE) recently took another step toward its stated goal of diversifying from gold into base metal production. Having already secured the El Mochito polymetallic mine in Honduras, …
Metal prices, operating costs factor in Asamera financials
Lower precious metal prices and the increased cost of operating its U.S. gold mines resulted in a decline in annual profits for Calgary-based Asamera Minerals (TSE). Asamera, a possible acquisition ta…
Breakwater acquires American Pacific
At a special meeting in early March, shareholders of American Pacific Mining (TSE) approved an agreement that has resulted in the company amalgamating with a wholly owned subsidiary of Breakwater Reso…
Toronto Stock Exchange Gold issues gain despite pressure from U.S.
While the mining community was taking a look into the future at this year’s Prospectors and Developers Association Convention in Toronto, the U.S. dollar continued to exert downward pressure on the pr…
Breakwater gives green light to Estrades gold project
After completing a review of a mining feasibility study by Wright Engineers, Breakwater Resources (TSE) has decided to place the Estrades massive sulphide project near Joutel, Que., into production. I…
Brynelsen and Specogna honored at Cordilleran Roundup
The highlight of the annual Cordilleran Roundup held in Vancouver, B.C., each year is the presentation of the prestigious H.H. “Spud” Huestis Award and the Edgar A. Scholz Medal. Established in 1977 t…
Breakwater to acquire American Pacific
Management of Breakwater Resources (TSE) and American Pacific Mining (TSE) have agreed in principle to a plan that will see Breakwater acquire all the issued and outstanding shares of American Pacific…
Breakwater makes offer to acquire El Mochito
Gold producer Breakwater Resources (TSE) has announced plans to acquire all the outstanding shares of American Pacific Mining (TSE) which owns and operates the profitable El Mochito polymetallic mine …
Toronto Stock Exchange Gold shares ease as bullion price drifts
Gold stocks, which have held centre stage on The Toronto Stock Exchange for the past few weeks, crumbled today, Dec 13, under a barrage of selling pressure which skimmed more than 200 points or 2.58% …