Ashanti
Decreased gold production, lower prices and a $7.8-million writedown of mining assets combined to produce more red ink for Richmont Mines (RIC-T) during 1999.The Montreal-based gold miner churned out …
News
Ashton resumes work at NWT properties
Armed with $1.3 million from a private placement, diamond-hunter Ashton Mining of Canada (ACA-T) has begun ground geophysical surveys on three properties in the Northwest Territories.At the 17,600-ha …
Pacific Rim expands Luicho gold target in Peru
Ongoing surface rock sampling is enabling Pacific Rim Mining (PFG-T) to enhance a promising bulk-tonnage target at the Luicho gold project in southern Peru.The company efforts are aimed at expanding t…
Buchans River expands in Labrador
Intrigued by a geological study released by the Newfoundland Dept. of Mines in 1994, Buchans River (BUV-V) has staked ground covering anomalous palladium, platinum and gold values from layered gabbron…
Monopros drops Victoria Island project
Despite the discovery of several diamondiferous kimberlites on the Victoria Island property in Nunavut, Monopros, the Canadian exploration arm of De Beers Consolidated Mines (DBRSY-Q), has elected to …
No Headline (February 28, 2000)
Wolverine launches prefeasibility study
Expatriate Resources (EXR-V) and Atna Resources (ATN-T) will spend a total of $1 million on a prefeasibility study of their 60/40-held Wolverine massive sulphide deposit in the Yukon.The study will in…
Denison back in the black
With the McClean Lake uranium mine now in commercial production, Denison Mines (DEN-T) returned to the black last year, posting net earnings of $12.3 million, compared with a loss of $3.3 million in 1…
Royal Gold gets attention for pursuing acquisitions Investment Commentary
With a few notable exceptions, gold producers have not have had an easy time riding out this prolonged trough of weak prices and unfavourable investor sentiment. Perhaps that’s why more attention is b…
Ashanti gets refinancing, clears calls
A deal between Ashanti Goldfields (ASL-N) and its major creditors will allow the troubled gold mining company to develop its Geita gold project in northwestern Tanzania and clear margin obligations th…