Great Central goes strong in Australia
As a result of higher quarterly production, Great Central Mines (NASDAQ) is on target to produce more than 500,000 oz. gold this year from its Australian operation.Gold production for the quarter was …
1996
Phelps Dodge strong despite price slump
Despite a drop in the price of copper, Phelps Dodge (NYSE) was able to post strong earnings for the first quarter.The company earned US$153.1 million (or US$2.26 per share) for the first quarter, comp…
Earnings dip for Cyprus Amax
Low copper and molybdenum prices, combined with bad weather at its U.S.coal projects, caused Cyprus Amax Minerals (NYSE) to earn fewer profits in the recent first quarter than in the same period last …
Nufort reports results from Barrick drilling
Results are in hand for five holes drilled by Barrick Gold (TSE) on the Michaud project, in which Nufort Resources (TSE) holds royalty interests.The project is 12 miles west of Barrick’s Holt-McDermot…
Nevsun drills Ghanaian gold property
Under the direction of 75% owner Nevsun Resources (TSE), drills are turning on the Juabo concession in central GhanaThe concession is 40 km west of Nevsun’s Kubi concession and the Ashanti gold mine. …
Normabec gains ground in Argentina
A joint-venture agreement with a company based in Argentina will allow Normabec Mining Resources (ME) to explore for gold in that country.The agreement will allow Normabec to acquire a 75% undivided i…
Canmine tests sample from Werner Lake
Metallurgical tests are being conducted on development samples from Canmine Resources (ASE) Werner Lake property, 85 km northwest of Kenora, Ont.Four samples of drill core assayed 0.14-4.58% cobalt an…
Drilling tests copper-cobalt beds
Widely spaced drilling on the Boleo copper-cobalt property in Baja California Sur, Mexico, is returning more copper-cobalt values for International Curator Resources (TSE).The drilling includes 21 hol…
Teck scans study on Red Chris
Having received a prefeasibility study on the Red Chris copper-gold project in northwestern British Columbia, Teck (TSE) has 90 days to decide whether or not to become operator and finance a final stu…
Meetings (May 13, 1996)
MEETINGSMay 20, FoxgroveMay 21, CandelaMay 21, EQ Res.May 21, First WesternMay 21, GeomaqueMay 21, HaydenMay 21, Inca PacificMay 21, Inter-Rock GoldMay 21, Redbird GoldMay 21, RegeenaMay 21, SaxonyMay…
ODDS’N’SODS — Waiting for the thaw
In 1911, the local mine in Hollinger (now Timmins), Ont., installed a pump and pumphouse on a nearby river in order to supply the town with water.A steel bridge to carry the pipeline over Fullam Creek…
Agnico-Eagle bullish on LaRonde results
The latest drill results from the LaRonde gold-silver-copper mine of Agnico-Eagle Mines (TSE) should soon enable the company to boost its resource estimate, says President Paul Penna.Drilling at the m…