Geomaque boosts output from Mexican mine
In January, Geomaque Explorations (GEO-T) reached a new production record at its San Francisco gold mine in Mexico’s Sonora state.The open-pit, heap-leach operation cranked out 5,142 oz., representing…
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LITERATURE REVIEW — Newmont sets new production record at Carlin operations
Gold production during 1996 reached 2.3 million oz., setting a new record for Newmont Gold (NGC-N) and parent Newmont Mining (NEM-N).Newmont Gold earned US$94 million last year while Newmont Mining, w…
LITERATURE REVIEW — Guyanese and Canadian production land Cambior back in the black
Expansion of the Omai mill in Guyana, along with increased production from the Bouchard-Hebert mine in Quebec, enabled Cambior (CBJ-T) to report improved cash flow and earnings in 1996.The Montreal-ba…
LITERATURE REVIEW — Echo Bay writes down past to focus on its mining future
The writeoff of the Alaska-Juneau gold project took its toll on the 1996 earnings of Colorado-based gold producer Echo Bay Mines (ECO-T).The company reported a net loss of US$69.6 million before speci…
LITERATURE REVIEW — KazMinCo, Aranlee enter Kazakstani properties deal
A deal with a subsidiary of Kazakhstan Minerals (KMU.U-T) will allow Aranlee Resources (ARB-V) to acquire 10 mineral properties covering 9,7000 sq. km in central Kazakstan.Aranlee will acquire the pro…
LITERATURE REVIEW — Cameco reports record earnings
A general improvement in world uranium markets enabled Cameco (CCO-T) to report record earnings of $138 million last year — a 35% increase from earnings of $102 million reported in 1995.Revenues doub…
Omni hits gold at Goddell Shear
Underground drilling at the Goddell Shear project in the Mount Skukum area of southern Yukon is returning some noteworthy intercepts.Omni Resources (ORI-V) reported results from four holes, which were…
THE DIAMOND PAGE — Diadem tests California samples
Three white diamond fragments and a broken dodecahedron (12-sided diamond) were recovered from samples taken from drill core testing the Leek Springs diamond project in California. Operator Diadem Res…
Stillwater boosts its reserves and production
Montana-based Stillwater Mining (PGMS-N) reported a modest loss in 1996 but saw increases in production, head grade and reserves.The only producer of platinum and palladium in the U.S. lost US$2.8 mil…
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Pursuit steps up work programs
Toronto-based junior International Pursuit (IPJ-T) continues to hunt for gold on several properties in Indonesia.* Among the most advanced of these is the L-N prospect, which forms part of the 191,000…
Blue Ribbon resumes work
Having reduced exploration spending in Mexico and the U.S., Blue Ribbon Resources (BLO-V) is concentrating its efforts on the six properties it holds in Suriname.The company has collected 5,130 sample…