Hedge books worry Ashanti, Cambior
The well-publicized troubles of Ashanti Goldfields (ASL-N), whose hedge book reached a negative paper value of US$450 million early this month, appear to be easing as the potential loss shrinks. Ashan…
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Union rejects Goldcorp offer
Workers at the Red Lake mine in northern Ontario have rejected Goldcorp’s (G-T) latest offer, prolonging a strike that is now in its third year.The company had offered a termination provision, includi…
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Winspear raises $14m for underground work — Bulk-sampling program to precede full feasibility
Winspear Resources (WSP-V) has negotiated a $14-million private placement with Deutsche Bank Securities, Canaccord Capital and Yorkton Securities, with proceeds earmarked for underground bulk sampling…
Ashton finds new kimberlite
Ashton Mining of Canada (ACA-T) has discovered a new kimberlite, on the Ric property in far northern Nunavut.Situated 250 km northwest of the Ekati diamond mine, the property is one of four blocks of …
LATIN AMERICA — Rio Tinto to resume work on Taca-Taca
Junior explorer Corriente Resources (CTQ-T) has signed an option agreement allowing London-based Rio Tinto (RTP-N) to drill the Salar Arizaro area of the Taca-Taca copper-gold project in Argentina.The…
PEOPLE — TMT Res. (October 18, 1999)
Randy Schuette and Derald Schuette appointed directors.
PEOPLE — Terrastar (October 18, 1999)
J.C. Forward appointed director.
LATIN AMERICA — Opawica starts field program
An exploration program by Opawica Explorations (OPW-T) is testing the Cura Este properties in the Argentine portion of the El Indio gold belt. The junior holds 150,000 ha in the region.Previous sampli…
LATIN AMERICA — BHP expands potential of Tintaya mine project
Australian-based major Broken Hill Proprietary (BHP-N) continues to outline significant mineralization near the Tintaya copper mine in southeastern Peru.Since it gained control of Tintaya by merging w…
LATIN AMERICA — General Minerals drills Bolivian deposit
Having outlined extensive manto-style mineralization, General Minerals (GNM-T) is preparing to begin development drilling on the Atocha silver property in west-central Bolivia.Earlier in the year, Gen…
Eastfield, Curator review data from Crowsnest
Disappointed by results from a 10-hole drill program on the Crowsnest gold property, near Fernie, B.C., partners Eastfield Resources (ETF-V) and International Curator Resources (IC-T) are deciding on …