Manhattan finances Peruvian VMS project
Manhattan Minerals (MAN-T) will use proceeds of $11.25 million from a special warrant financing to explore the Tambo Grande volcanogenic massive sulphide (VMS) project in northern Peru.A syndicate led…
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NEVADA & THE WESTERN STATES — Romarco aims to build on past success
Following a momentous year culminating in the sale of its prized Midas project, Romarco Minerals (R-T) is getting back to the business of exploring for gold in Nevada.In November 1998, Romarco sold it…
NEVADA & THE WESTERN STATES — Placer, Kennecott keep production in the Pipeline
The Pipeline gold mine in Nevada’s Crescent Valley is to Placer Dome (PDG-T) what the Goldstrike property is to Barrick Gold — a production cornerstone.The mine is owned, on a 60-40 basis, by Placer …
NEVADA & THE WESTERN STATES — Royalty sisters open Nevada mine
Low gold prices are not preventing affiliated companies Euro-Nevada Mining (EN-T) and Franco-Nevada Mining (FN-T) from basking in the success of their equally owned Ken Snyder mine, in Nevada, north o…
NEVADA & THE WESTERN STATES — Canyon eyes higher production in 1999
Despite higher-than-expected operating costs, Canyon Resources (CAU-X) plans to achieve record gold production at the Briggs mine in southeastern California.In 1998, the open-pit heap-leach operation …
NEVADA & THE WESTERN STATES — Junior eyes PGMs in Nevada
In Nevada, Trend Mining (TRDM-O) has picked up 180 claims prospective for platinum group metals (PGMs).The Idaho-based junior staked the claims in Clark Cty., south of Las Vegas, along a projected ext…
NEVADA & THE WESTERN STATES — Orvana contemplates next move at Butte Highlands
A deal struck last December is giving Vancouver-based Orvana Minerals (ORV-T) some breathing room as it explores the Butte Highlands gold property in Montana.In an agreement with the underlying proper…
Boliden charged, Placer fined following accidents
Boliden Westmin has been charged under British Columbia’s mines safety code following an accident at its Myra Falls underground operation in October 1998 in which a miner was killed.Richard Nadeau was…
NEVADA & THE WESTERN STATES — Olinghouse weathers rough startup
Following a dismal fourth quarter in 1998, Alta Gold (ALTA-Q) returned to profitable form in the first three months of this year.Income for the period ended March 31 totalled US$30,000 (or nil per sha…
Asia Minerals frets future of Copperstone
The demise of Royal Oak Mines has forced Asia Minerals (AMP-A) to shelve a feasibility study planned for the partners’ Copperstone gold property, leaving development in limbo.At issue is the future of…
SPOT PRICES, Wednesday June 9, 1999
Precious MetalsPrice (US$/oz.)ChangeGold$262.00-$5.05Silver$ 4.93-$0.05…
NEVADA & THE WESTERN STATES — Iron King revived as VMS exploration target
An option agreement with a private company sets the stage for Minera Sierra Madre (MSA-A) to acquire and explore the past-producing Iron King mine property in Yavapai Cty., Ariz.A volcanogenic massive…