The pressure to lower operating costs to keep pace with the falling price of gold has become too much for Echo Bay Mines (ECO-T), which has announced the closing of one mine and the scaling back of op…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.6/98 (change from Dec. 24/97 in brackets):MetalStock(tonnes)Change…
Through a scoping study prepared by independent consultants, Golden Star Resources (GSC-T) has determined that the Andorinhas gold project in Brazil could not support a 1,000 tonne-per-day underground…
Paleoplacer deposits consist of placer concentrations of minerals in which the host material is a consolidated rock (sediment comprising weathered detritus that was subsequently cemented together). Th…
A conference focusing on all aspects of Canadian and international exploration will be held from Jan. 27-30 at various sites throughout Vancouver, B.C.Entitled “Pathways’98: Cordilleran Roundup and Ex…
This is the time of year when executives and boards present their annual reports to shareholders. This year’s reports will be the first drafted since the Bre-X Minerals bubble burst.How will companies…
Impressed by results from a first phase of exploration on its Hemco gold concession in northeast Nicaragua, Greenstone Resources (GRE-t) plans to begin second phase shortly.The exploration program, wh…
ExchgVal($000s)HighLowCloseChangeInco LtdT98218…
Financial advisors to Cobre Mining have recommended that the takeover bid by Phelps Dodge (PD-N) be rejected.A special committee of Cobre board members has rejected the bid on the financial advice of …
Despite the gloomy gold market, First Dynasty Mines (FDM-T) is entering the new year with a bang.Recently completed independent prefeasibility studies give the “thumbs-up” sign for the redevelopment o…
A reorganization plan that would have consolidated Rayrock Yellowknife Resources (RAY-T) with two affiliated companies did not receive enough support from shareholders, thus forcing Rayrock management…
Mineral-rich British Columbia has been rated “the least attractive” province for new exploration investment by a Fraser Institute survey of senior and junior mining companies operating in Canada.The B…
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