Drilling by Great Basin boosts Ivanhoe
With five rigs turning on its wholly owned Ivanhoe project in Nevada, Great Basin Gold (GBG-V) continues to hit bonanza-grade gold mineralization underneath the previous discovered Hollister resource….
News
Battle Mountain upgrades Phoenix
Houston, Tex.-based Battle Mountain Gold (BMG-N) plans to expand the mining rate for its proposed Phoenix project by 40% to 30,000 tons per day.Average production at the project, situated in northern …
Geomaque boosts earnings
By lowering costs, Geomaque Explorations (GEO-T) managed to turn a respectable profit in the first quarter.Earnings topped US$402,000 (or 1 per share) on revenue of US$5.5 million, compared with US$8…
Argentine prospects bright for Tenke Investment Commentary
If the efforts of Tenke Mining (TNK-T) are any indication, the Lundin group stands a good chance of building on its earlier successes in Argentina, according to mining analyst Robert van Doorn of Loew…
Trivalence nets US$4.3M
The sale of 6,890 carats of diamonds has generated US$4.3 million for Trivalence Mining (TMI-V), operator and 85%-owner of the Aredor mine in Guinea, West Africa.The five parcels of diamonds sold for …
AMT to sell copper production to General Motors
Toronto-based junior AMT International Mining (AAI-T) has signed a long-term off-take agreement for its Copper Creek copper-molybdenum project, 45 miles northeast of Tucson, Ariz.Over five years, begi…
Financings arranged for Manhattan, Pacific Rim
Two high-profile explorers in Peru have topped up their tills with equity financings.A private placement of 3.1 million special warrants priced at $3.25 each is adding $10 million to the coffers of Ma…
Barrick reclaims historic Bullfrog mine
Recently, the Nevada Mining Association (NvMA) led local dignitaries on a tour of the depleted Bullfrog gold mine, near Beatty, about 200 km northwest of Las Vegas, to show how Barrick Gold (ABX-T) is…
EVENTS (June 12, 2000)
June 11-14 Int’l Precious Metals Institute — “24th Int’l Precious Metals Conference.” Willimsburg Marriott Hotel, Williamsburg, Va. Fax: (850) 476-1548. E-mail: mail@ipmi.org Web site: www.ipmi.org…
Rosebud to blossom no more
In August, after nearly four years of operation and 375,000 oz. of gold production, partners Hecla Mining (HL-N) and Newmont Mining (NEM-N) will close the Rosebud mine in northern Nevada.When the mine…
Gregg River to close
Luscar has announced that the Gregg River coal mine, near Hinton, Alta., will close by September.Low coal prices, high production costs and, more recently, unfavourable geological conditions are respo…
Dayton enters Nevada scene with Denton-Rawhide purchase
As a latecomer to the Great Basin, Dayton Mining (DAY-X) missed the heady days of exploration in Nevada. However, with its newly acquired 49% interest in the Denton-Rawhide gold-silver mine, the compa…