Coeur lands permit for Kensington mine
Coeur d’Alene Mines (CDE-N) has cleared another hurdle in the development of the Kensington gold project with the receipt of an important discharge permit from the U.S. Environmental Protection Agency…
News
Greenland zinc lures Platinova
Toronto-based Platinova (PAS-T) has been granted the exploration rights to a parcel of land in northwestern Greenland.The property hosts a zinc showing that was outlined by Greenland government geolog…
Insular busy in Mexico
Insular Explorations (ISX-V) has signed a deal with Blackstone Resources (BZZ-A) to earn a 70% interest in that company’s El Diamante gold project in Chihuahua state, Mexico.In order to earn an initia…
Gold price erodes Inter-Rock profits
For Inter-Rock Gold (IRO-T), low gold prices translated into a loss of $1.8 million (or 11cents per share) for 1997.Revenue for the year amounted to $6.3 million, which was entirely derived from the s…
Eskay gold-silver grades keep Prime in the money
British Columbia gold producer Prime Resources Group (PRU-T) has bucked the industry trend and posted a profit for the first quarter.With record production of 164,860 oz. gold-equivalent, Prime earned…
Nebex drills Munelle
Calgary-based Nebex Resources (NBX-T) is encouraged by results from the first hole drilled on its Munelle polymetallic deposit in north-central Albania.Late last year, the company received government …
Eden Roc in red, but optimistic
Record gold production and higher revenues were not enough to keep Eden Roc Mineral (EDN-T) out of the red in 1997.For the year ended Dec. 31, the Toronto-based company lost $15.4 million on revenue o…
LatinGold adds ground
LatinGold (LAT-T) has signed an agreement with a private firm to earn a 60% interest in two silver-gold properties in Mexico’s Guanajuato state.LatinGold can earn its interest in two stages, each of w…
NEW MINES ROUNDUP — Green light for uranium mines
The Cigar Lake uranium project in northern Saskatchewan’s Athabasca Basin — a joint-venture held 48.7% by Cameco (CCO-T) and 36.4% by French-owned Cogema Resources — has received conditional approva…
MINING IN CANADA — Cream exploring near Kaslo
A work program by Cream Minerals (CMA-V) is testing the Kaslo silver project in the Slocan mining district of southeastern British Columbia.The $660,000 program is aimed at testing the Cork South silv…
MINING IN CANADA — Development work places New Britannia back on track
First-quarter gold production at the New Britannia mine, situated 128 km east of Flin Flon, Man., has surpassed expectations by 7%. Moreover, cash costs continued to decline and underground drilling i…
MINING IN CANADA — Foran forges ahead in Flin Flon belt
With a land package worthy of a major, Vancouver-based Foran Mining (FOM-V) is scouring the Flin Flon, Man., area in search of volcanogenic massive sulphides.The company has amassed what could be the …