The writeoff of the Alaska-Juneau gold project took its toll on the 1996 earnings of Colorado-based gold producer Echo Bay Mines (ECO-T).The company reported a net loss of US$69.6 million before speci…
A deal with a subsidiary of Kazakhstan Minerals (KMU.U-T) will allow Aranlee Resources (ARB-V) to acquire 10 mineral properties covering 9,7000 sq. km in central Kazakstan.Aranlee will acquire the pro…
A general improvement in world uranium markets enabled Cameco (CCO-T) to report record earnings of $138 million last year — a 35% increase from earnings of $102 million reported in 1995.Revenues doub…
As a first stage of exploration, Prism Resources (PRN-V) plans to carry out a geophysical program on a newly acquired 1,500-ha project in Ontario’s Porcupine mining district.The junior acquired an opt…
Underground drilling at the Goddell Shear project in the Mount Skukum area of southern Yukon is returning some noteworthy intercepts.Omni Resources (ORI-V) reported results from four holes, which were…
Three white diamond fragments and a broken dodecahedron (12-sided diamond) were recovered from samples taken from drill core testing the Leek Springs diamond project in California. Operator Diadem Res…
Montana-based Stillwater Mining (PGMS-N) reported a modest loss in 1996 but saw increases in production, head grade and reserves.The only producer of platinum and palladium in the U.S. lost US$2.8 mil…
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Toronto-based junior International Pursuit (IPJ-T) continues to hunt for gold on several properties in Indonesia.* Among the most advanced of these is the L-N prospect, which forms part of the 191,000…
Having reduced exploration spending in Mexico and the U.S., Blue Ribbon Resources (BLO-V) is concentrating its efforts on the six properties it holds in Suriname.The company has collected 5,130 sample…
Rea Gold (REO-T) is celebrating its first gold pour — ahead of schedule — at the San Gregorio open-pit mine in northern Uruguay.During a 6-day test in early February, the plant operated at 20% above…
Peruvian Gold (PVO-V) plans to carry out a minimum 1,000-metre program of reverse-circulation drilling on the Agua Verde copper porphyry prospect in south-central Peru.The prospect is a mineralized, e…
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