Legal action filed against Glenmore Highlands (GMH-V) by two people claiming to be shareholders has been dropped.The claim sought to force Glenmore, which owns an interest in the AK and CJ diamond pro…
For the fifth consecutive quarter, Ashanti Goldfields (AHD-T) has reported record production and cost reductions at its portfolio of operating mines in Africa.During the three months ended Sept. 30, t…
Kennecott Canada Exploration has recovered a small amount of diamonds from the Phoenix kimberlite body in northeastern Alberta. Phoenix is the first of five kimberlites discovered to date on the Legen…
Wednesday November 18, 1998Price (US)Week’s ChangeGold*$294.40+$0.80Silver*$ 4.96…
The curtailment of exploration staff in South America and the writedown of deferred exploration costs have resulted in a net loss of US$570,000 for Metallica (MR-T) in the 1998 third quarter.The Denve…
Dennis Gray, chairman and chief executive officer of Antares Mining, has died of complications following surgery. He was 68.Born in Hessle, England, in 1930, Gray emigrated to South Africa in 1951 aft…
ExchgVal($000s)HighLowCloseChangePlacer DomeT2621…
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateNov. 17Nov. 16Nov. 13Nov. 12…
A final showdown between the board of directors of Anzex Resources (AZX-V) and its former president will play out at the company’s annual general meeting next month.At the centre of the dispute are th…
Poor third-quarter results have prompted William Resources (WIM-T) to shut down its Brazilian gold mine earlier than expected.In mid-October, William announced that its problem-plagued Jacobina mine w…
Junior producer Exall Resources (EXL-T) enjoyed a profitable third quarter, netting $801,031 in the three months ended Sept. 30, compared with net losses of $148,552 in the comparable period of 1997.T…
Work at a kimberlite pipe on the Tswapong property in Botswana has been halted after sampling indicated uneconomic diamond content.Owner Botswana Diamondfields (BWD-V) has since closed its field offic…
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