Both western markets slipped over the report period ended May 27, with the Vancouver Stock Exchange losing 17.63 points to close at 1,000.59 and the Alberta Stock Exchange down 33.34 points to finish …
The cost of expanding the Sao Bento gold mine in Brazil led to a loss of US$1.6 million for Eldorado Gold (ELD-T) in fiscal 1996, compared with a loss of US$2.2 million in the previous year.The mine, …
A low gold price took the wind out of Rea Gold’s (REO-T) sails during the first quarter.For the 3-Month period, the junior posted a loss of $5.8 million on revenue of $3.1 million, compared with a los…
A geophysical survey by Sur American Gold (SUR-A) at its Mina Rica property in western Colombia has outlined a large volume of moderate-To-high resistivity over an area measuring 1,000 by 300 metres.T…
The Cortez joint venture will attempt to extend its Pipeline deposit by exploring on the Robertson property of Vancouver-based Coral Gold (CLH-V)According to Louis Wolfin, president of Coral, the Cort…
The U.S. Bureau of Land Management (BLM) has formed a task force to evaluate possible revisions to the “3,809 regulations” governing hard-rock mining on BLM lands.In 1991, a similar task force conclud…
Drilling by Romarco Minerals (R-T) at the Converse gold project in Humboldt Cty. has returned several promising intersections.The project is a joint venture involving Toronto-based Romarco and German-…
Rayrock Yellowknife Resources (RAY-T) will mothball its Dee gold mine in northern Nevada as a result of weak gold prices.Situated in the Carlin trend, the operation is expected to close sometime in th…
Electra Gold (ELT-V) will sell its 10-year-old Aurora gold mine in southwestern Nevada to Consolidated Nevada Goldfields (KNV-T) in a deal worth US$2 million.The latter will pay US$1 million in cash a…
The Mt. Hamilton heap-leach mine, near Ely, turned out 8,550 oz. gold and 18,850 oz. silver during the first three months of this year, compared with 7,930 oz. gold and 23,700 oz. silver for the compa…
Commercial gold and silver production is under way at the Rosebud underground mine, 58 miles west of Winnemucca.Ownership of the mine, where reserves are pegged at 1.3 million tons grading 0.39 oz. go…
Gold output from all mines in the United States in 1996 was 10 tonnes more than the 319 tonnes produced in the prior year.The bulk of the production came from open-pit, primary gold mines in Nevada. A…
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