GOLD FUNDS (September 07, 1998)
Gold Funds as of August 27, 1998BGRCentralNet Value$12.16$6.01Price$8.55$…
Articles by Northern Miner Staff
Akrokeri posts quarterly profit
Despite poor gold prices, Akrokeri Ashanti Gold Mines (aagm-c) reported a slight profit for the second quarter of 1998.The company posted earnings of US$87,271 (or 0.2 cents per share) on revenue of U…
Gran Colombia drops deal
Ongoing turmoil in the Russian economy has prompted Gran Colombia Resources (GRM-T) to defer plans to acquire an 80% interest in the Pokrovskoye gold project in the Amur Oblast region.The junior compa…
Ashanti plans friendly takeover of Samax Gold
Though no formal offer has been made, Ashanti Goldfields (ASL-N) says it intends to acquire London-based Samax Gold (SMX-T) as a means of augmenting its existing holdings in Tanzania.Ashanti plans to …
LATIN AMERICA — Cambior’s Omai mine aims to sustain production levels — Plan hinges on development of soft rock reserves at mine site in northeastern Guyana
With operations now running smoothly at the Omai gold mine in Guyana, owners Cambior (CBJ-T) and Golden Star Resources (GSC-T) are paying extra attention to lowering production costs and searching for…
LATIN AMERICA — LatinGold plans more work for Pinguicos
Toronto-based LatinGold (LAT-T) plans to carry out a follow-up drill program at the Pinguicos property near Guanajuato city in central Mexico. The gold-silver project is adjacent to Penole’s Las Torre…
LATIN AMERICA — General moves Vizcachitas to feasibility — Combined mill and SX-EW project to cost US$276m
Undaunted by the loss of a partner in developing its Vizcachitas project in central Chile, General Minerals (GNM-T) has announced it is going ahead with a bankable feasibility study.An initial feasibi…
LATIN AMERICA — Takla Star hits gold in Bolivia
Drilling by Takla Star Resources (TKR-A) at the Orkho Pina property in western Boliva has cut wide zones of low-grade gold and zinc mineralization.Four of the five holes drilled returned one mineraliz…
Golden Star keeps faith in Guiana Shield
In the middle of a tough year, Golden Star Resources (GSC-T) is taking some solace in the St-Elie and Dieu-Merci gold projects, two exploration targets that hold the promise of becoming small-scale ca…
Bulk sampling adds lustre to Snap Lake
Over the course of the past two years, Winspear Resources (WSP-V) has encountered a complex kimberlite dyke and breccia system in and around Snap Lake at the Camsell Lake property within an area measu…
LATIN AMERICA — Monarch improves performance of Venezuelan mine
Staying the course in Venezuela after the short-lived gold rush of the late 1980s may yet pay off for Monarch Resources (MRE-T), operator of the La Camorra gold mine in Bolivar state.Despite the curre…
Post-merger Kinross launches mine review
The recently completed merger with Amax Gold has provided a dramatic boost in revenue for Kinross Gold (K-T), as well as a larger stable of mines to manage. With gold prices at near-record lows, the T…