St Andrew still in the red
On the heels of reactivating its Hislop gold project in northern Ontario, St Andrew Goldfields (SAS-T) has reported another quarterly loss.The junior lost $365,277 in the 3-month period ended June 30,…
News
Agnico funds expansion
The planned expansion of the LaRonde gold-copper mine in northwestern Quebec moved one step closer to reality recently, with Agnico-Eagle Mines (AGE-T) entering into a revolving bank facility with Bar…
Echo Bay pulls in exploration reins to focus on mines
Gold producer Echo Bay Mines (ECO-X) intends to focus its limited exploration budget on North American projects viable at current low prices for the yellow metal.The strategy is aimed at acquiring ear…
Nuinsco drills at Lac Rocher (September 06, 1999)
Junior Nuinsco Resources (NWI-T) will drill-test 23 massive sulphide targets at its Lac Rocher nickel-copper property in Quebec. The anomalies were outlined by geophysical methods.At Confederation Lak…
Francisco extends El Sauzal
Francisco Gold (FGX-V) has completed a 9-month drill campaign at its El Sauzal project in Mexico’s Chihuahua state.Since November, the company has completed 64 core holes, bringing to 188 the total nu…
MINING MARKET & INVESTMENT NEWS — WESTERN MARKETS — VSE dozes in dog days of summer
The Vancouver Stock Exchange composite index edged up 1.37 points to close the report period ended Aug. 31 at 407.88. The mining index slipped 1.93 points, or 0.7%, to finish the week at 272.36. The c…
CORRECTION (September 06, 1999)
In our Aug. 9 issue, we erroneously referred to the Sleeping Giant mine as being 65% held by Cambior (CBJ-T). In fact, Cambior holds a 50% interest, with the remaining half owned by Aurizon Mines (ARZ…
Exall slips into the red
Lower production and the depressed price of gold contributed to a second-quarter loss for Exall Resources (EXL-T).For the three months ended June 30, the junior miner lost $678,159 (or 2 cents per sha…
Sunshine buys Mexican property
Sunshine Mining & Refining (SSC-N) has acquired the Juanicipio silver property in Zacatecas state, representing the company’s first foray into Mexico.The 28,000-ha concession is next to the Fresnillo …
Companies (September 06, 1999)
Acadia Uranium MinesAgnico-Eagle MinesAmbrex MiningAnglo AmericanArabian Shield DevelopmentAsarcoAshanti GoldfieldsAtacama MineralsAurado ExplorationAurizon MinesAvalon VenturesBear Explora…
Showing found at Stares
Induced-polarization (IP) surveys and trenching have revealed base metal mineralization at the Stares property, west of Thunder Bay, Ont.Partners Greater Lenora Resources (GEN-T) and RJK Explorations …
MINING MARKET & INVESTMENT NEWS — EASTERN MARKETS — Broad market takes hit as metal prices improve
Growing concern of another interest rate hike south of the border crossed over to the Toronto Stock Exchange, causing the TSE’s 300 index to plunge 198.99 points during the report period Aug. 25-31. T…