De Beers options AfriOre ground
AfriOre (AFO-V) has farmed out two of its projects in Botswana to a division of De Beers Consolidated Mines (DBRS-Q).In the Kokong project, where AfriOre holds a 58% interest and Billiton the balance,…
Articles by Northern Miner Staff
NEWS IN BRIEF (March 01, 1999)
Jopec Resources (JPR-V) has changed its name to Fortuna Ventures (FVI-V) on a 1-new-for-7-old-share basis.
Meetings (March 01, 1999)
March 1, Curran BayMarch 2, Int’l DatashareMarch 3, WindarraMarch 9, Cons. AbitibiMarch 9, IntertechMarch 9, LakewoodMarch 9, MustangMarch 9, RamarroMarch 10, Harvey CreekMarch 10, MacMillanMarch 10, …
Battle Mountain writes off stake in Lihir — More gold produced at Golden Giant, Kori Kollo
To fund development projects in the U.S., Battle Mountain Gold (BMG-N) will dispose of its interest in the Lihir gold mine in Papua New Guinea.The company holds an 8.65% interest in the mine’s owner, …
Profits, hedging buoy Placer Dome
With gold production reaching a record high and cash costs falling to a record low, Placer Dome (PDG-T) bucked the industry trend and recorded a strong financial and operating performance for 1998.The…
Drill results keep AG in spotlight
While drilling continues, along with discussions with major mining companies, Argentina Gold (ARP-V) has released an updated resource estimate for two targets at its 60%-owned Veladero gold-silver pro…
Nevsun to sell Kubi to Ashanti Goldfields
African producer Ashanti Goldfields (AHD-T) will pay Nevsun Resources (NSU-T) US$1.8 million, in addition to a production royalty, for surface rights to the Kubi gold project in Ghana.Nevsun owns 100%…
TSE INDICES (March 01, 1999)
1999 — DateFeb. 23Feb. 22Feb. 19Feb. 18Feb. 17HighLow…
LME WAREHOUSE LEVELS (March 01, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb.23/99 (change from Feb. 16 in brackets):MetalStocks(tonne)Change…
Electra finds rocky road at Rambler
The unfavourable results of a due diligence review by a potential partner have prompted Electra Gold (ELT-V) not to proceed with the Rambler tailings project in the Baie Verte region of Newfoundland.T…
NEWS ROUNDUP — BYG suspends mining Mt. Nansen
Milling and mining operations have ceased at the Mt. Nansen gold-silver mine, 120 miles north of Whitehorse, Y.T.Operator B.Y.G. Natural Resources (BYG-T) was told to close the mine by the water resou…
Viceroy extends mineralized zone at Gualcamayo
Junior Viceroy Resource (VOY-T) is encouraged by further results of reverse-circulation drilling at its Gualcamayo project in Argentina’s San Juan province.The 1,400 metre, 9-hole program was designed…