Rift, Echo Bay bid on Ethiopian mine
The mining company owned by the Ethiopian government is being approached to sell its Legadembi open-pit gold mine in Sidamo province.A recent bid was placed jointly by Rift Resources (VSE) and Echo Ba…
Echo Bay Mines Ltd
STOCK MARKETS — Voisey Bay players still calling the shots
Investor interest in the Voisey Bay discovery has been adding excitement to western markets for almost six months. It’s not surprising, then, that much of the initial enthusiasm is beginning to fade.N…
Echo Bay releases more results from Paredones Amarillos project
Drilling by Echo Bay Mines (TSE) at the Paredones Amarillos gold project in Mexico continues to test the main resource area, where partner Baja Gold (TSE) has estimated reserves of 1.5 million contain…
Int’l Gold banks on Bibiani deposit
A feasibility study on the Bibiani gold deposit in Ghana has concluded that the project is “robust and economically viable.”The deposit, owned 45% by International Gold Resources (TSE) and 55% by the …
FACTS’N’FIGURES — Nevada dominated by gold
In 1994, Nevada produced an estimated US$3.2 billion in minerals (including petroleum and geothermal energy), which is 8% more than in 1993. Gold production in the state reached an all-time high last …
STOCK MARKETS — Markets make gains as dollar strengthens
The holiday weekend in several Canadian provinces left most investors indifferent as the Toronto Stock Exchange posted a moderate gain of 34.82 points. Over the 4-day report week ended Aug. 8, the TSE…
STOCK MARKETS — TSE languishes as summer slump settles in
The dog days of summer are upon us, leaving the Toronto Stock Exchange listless and tranquil. The TSE 300 composite closed at 4,586.92 points, down 32.31, for the 5-day report period ended Aug. 1.Sign…
STOCK MARKETS — TSE recovers after possible `correction’
After starting the week with what was thought to be an ominous “correction,” many investors timidly re-entered the market and nudged the index back on an upward trend. Despite the weak gains, the TSE …
STOCK MARKETS — TSE 300 makes gains as profit-taking ensues
Strength in the TSE 300 composite index accumulated in the early part of the report week ended July 18, as the leading index broke through the 4,700-point level, setting a record for the fourth consec…
Echo Bay sells stake in Muscocho
Denver-based Echo Bay Mines (TSE) has sold its entire equity interest in Muscocho Explorations (TSE).The senior sold 11.5 million shares privately at 25 cents each for proceeds of $2.9 million. The sh…
STOCK MARKETS — Interest rate cut spurs TSE to record highs
A drop in interest rates ignited the Toronto Stock Exchange 300 composite index, which proceeded to blast through three successive record highs during the 5-day report period ended July 11. The compos…
Etruscan makes gold discovery in Niger
Etruscan Enterprises (VSE) has made a significant gold discovery on its 67%-owned Koma Bangou project in Niger, West Africa.The disseminated gold zone, known as V1 South, was found at the contact betw…