Britain’s central bankers added to gold’s woes during the May 5-11 report period by announcing that they would sell 125 tonnes (4 million oz.) of the country’s 715-tonne gold stockpile during fiscal 1…
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMay 11May 10May 7May 6…
Low gold prices are taking their toll on Richmont Mines (RIC-T), a Montreal-based gold miner with operations in Quebec and Newfoundland.The company posted a loss of $517,685 (or 3 cents per share) on …
Kennecott Canada Exploration has discovered a new kimberlite body on the Rocking Horse property, northwest of the Jericho region in the Nunavut Territory.Rocking Horse is one of three properties in wh…
The huge Batu Hijau copper-gold mine on the Indonesian island of Sumbawa is 90% complete and due to enter production in the fourth quarter. Commercial production is expected to follow in the first qua…
Drilling by Camnor Resources (CMB-V) at the Discovery Gulch property in east-central Alaska has returned anomalous gold values.The 3,000-acre property is at the headwaters of Switch Creek. Camnor stan…
Toronto-based SouthernEra Resources (SUF-T) may have found the source of diamond-bearing kimberlite float boulders at the Back Lake project in the Northwest Territories.The company discovered a kimber…
Regional Exploration ManagerHudson Bay Exploration and Development Company Limited, the wholley owned exploration subsidiary of Hudson Bay Mining and Smelting Co., Limited is seeking a Regional Explor…
May 17, Copper Creek May 17, Highridge May 17, Hillsborough May 17, Int’l Savannah May 17, Pheasantback May 17, Tribute May 17, Viceroy May 18, Best Pacific May 18, Campbell May 18, Carmanah May 18, L…
Two years after Bre-X Minerals’ Busang gold deposit in Indonesia was revealed to be a fraud, securities regulators are laying charges against the company’s former vice-chairman, while police have ceas…
Though encouraged by the recent buoyancy of nickel prices, Inco (N-T) remains determined to lower production costs as it strives to return to profitability.For the first quarter of 1999, Inco posted a…
Abacus Minerals (AMC-V) has tabled encouraging reverse-circulation drill results from its La Manchuria gold-silver project in southern Argentina.Drilling has delineated a 450-metre-long system contain…
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