Hecla posts quarterly loss
Hecla Mining (HL-N) lost US$36 million (or 54 cents per share) in the third quarter, compared to a loss of US$2.7 million (5 cents per share) in the corresponding period in 1998.The company was hit wi…
News
Olympus drills Vietnamese prospect
Junior gold explorer Olympus Pacific Minerals (OYM-V) has hit narrow, high-grade gold mineralization in closely spaced drilling at its Phuoc Son property in central Vietnam.The 6-hole program tested f…
Anaconda sues nickel mine contractor
Australian nickel producer Anaconda Nickel has filed a US$192-million lawsuit against contractor Fluor Daniel, blaming the engineering firm for start-up woes at the US$650-million Murrin Murrin nickel…
Minera Andes picks up ground
Although known for its exploration projects in Argentina, Minera Andes (MAI-A) has signed an agreement with the Romanian government to explore two properties in that country.The Voia and Ostoros prope…
Writedown cuts into earnings at Cameco
Uranium and gold producer Cameco (CCO-T) salvaged a quarterly profit despite having taken a $45.5-million charge against the value of its properties.For the three months ended Sept. 30, the Saskatoon-…
Bema, Ecuadorian swap shares
As a means to advance its South American projects, Ecuadorian Minerals (EMC-T) is exchanging 3.8 million of its shares for 3.3 million shares of Bema Gold (BGO-T).The trade, which is subject to regula…
Companies (November 15, 1999)
Aber ResourcesAfrioreAnaconda NickelAnglo AmericanAnglogoldApex Silver MinesAshanti GoldfieldsAtna ResourcesAurizon MinesBarrick GoldBattle MountainBema GoldBlack Hawk MiningCambiorCamecoCanarc Resour…
DIAMOND PAGE — Diamond Fields sells more gems
Vancouver-based Diamond Fields International (DFI-V) has sold a 6,475-carat parcel of diamonds from its Luderitz ocean concessions, off the coast of Namibia.The US$164-per-carat sale was preceded by t…
Tulawaka reveals more gold
Partners Pangea Goldfields (PGD-T) and Minires du Nord (MDN-M) continue to report high gold values from their Tulawaka property in Tanzania’s Lake Victoria Goldfields district.Results from 15 holes i…
NEWS ROUNDUP — KEGS starts scholarship fund
The Canadian Exploration Geophysicists Society (KEGS) has established a scholarship fund for students interested in pursuing studies in geophysics.The KEGS Foundation is currently raising funds for bo…
NEWS ROUNDUP — Nuinsco resumes work at Lac Rocher
Drilling at the Lac Rocher property in northwestern Quebec is following up on a nickel discovery by Nuinsco Resources (NWI-T).The initial target of the current program is Anomaly A, an untested mafic-…
NEWS ROUNDUP — Antofagasta hits commissioning stage
Commissioning of the US$1.4-billion Los Pelambres mine in Chile is under way.British-based owner Antofagasta Holdings reports that ore is being fed into the concentrator, and copper concentrate is exp…