Following a $72.3-million writedown on the carrying value of its oil-and-gas assets in Cuba and Italy, Sherritt International ended last year in the red. (After tax, the value of the oil-and-gas write…
General Minerals (GNM-T) has optioned the Escalones copper-gold project in central Chile to Asarco (AR-N).Subject to due diligence, the major can earn a 60% interest in the project by paying all explo…
I read your editorial “A vicious circle” (T.N.M., March 8-14/98) and must congratulate you on it.Your scenario, I fear, is right on the money in some of the poorer nations. As a caring company that se…
With a major restructuring behind it and several large projects in the pipeline, Noranda (NOR-T) managed to withstand the effects of low metal prices and turn a slight profit in the first quarter.In t…
Junior Valerie Gold Resources (VLG-V), one of the Lang Mining Group of companies, is exploring the formerly producing Estrella property in the western Mexican state of Nayarit, 140 km southeast of Maz…
The following is the second in a series in which the author, an exploration geologist based in Delta, B.C., recounts his experiences working in the jungles of Venezuela in the late 1980s and early 199…
Vengold (VEN-T) says first-quarter gold production at its Lihir mine in Papua New Guinea proved lower than expected. The cause is attributed to unplanned downtime.The company holds an 18.5% interest i…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 27/99 (change from April 20 in brackets):MetalStocks(tonnes)Change…
ExchgVal($000s)HighLowCloseChangePlacer DomeT2481…
With an election imminent in the United States, miners and other resource developers south of the 49th Parallel are hoping the winds of change will be strong enough to blow their long-time nemesis, In…
The University of British Columbia will become a diamond hunter’s best friend following the donation by a Toronto geologist of decades of research papers related to the sought-after stone.Patricia She…
Precious MetalsPrice (US)ChangeGold$282.80-$1.10Silver$ 5.21+$0.09…
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