News

Greystar commissions audit for Angostura project

Junior Greystar Resources (GSL-T) has commissioned Strathcona Mineral Services of Toronto to review its Angostura gold-silver project in northeastern Colombia.The audit will focus on the methodology a…


United Carina drills gold showings

A 4,000-metre drill program mounted by United Carina Resources (UCA-V) in central Newfoundland has intersected gold mineralization below surface showings, including two holes with bonanza gold values….


Hecla posts quarterly loss

Hecla Mining (HL-N) lost US$36 million (or 54 cents per share) in the third quarter, compared to a loss of US$2.7 million (5 cents per share) in the corresponding period in 1998.The company was hit wi…


Pogo focus of next CIM lunch

The discovery and characteristics of the Pogo gold deposit in Alaska will be discussed at the next meeting of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum, to be he…





PEOPLE — Mart Res.

Vince Hamilton appointed president and director; Magnus Nordin appointed director.



COMMENTARY — Steady as she goes, for silver

Silver prices will remain stable over the next six months, trading at between US$5 and US$5.50 per oz., says Gold Fields Mineral Services.According to the British-based firm, demand is outstripping su…


Writedown erodes Rio Algom’s bottom line

A writedown of four assets has closed the door to what would have been a profitable third quarter for diversified base metal producer Rio Algom (ROM-T).During the three months ended Sept. 30, the majo…


Costs plummet for Homestake

Enjoying its lowest cash costs of the past 30 years, Homestake Mining (HM-N) reported substantial earnings for the third quarter.The company turned a profit of US$1.7 million (or 1 cents per share) du…


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