Seabee production increases
Increased production from the Seabee mine in northern Saskatchewan kept Claude Resources (CRJ-T) in the black during the first half of 1999.Earnings during the period reached $1.9 million (6 cents per…
News
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Rising prices keep nickel miners buoyant
Nickel continued to lead the revived base metal market during the Aug. 4-10 report period, with prices climbing 12 cents to US$2.91 per lb. thanks to a combination of growing demand, shrinking stocks …
Careers (August 16, 1999)
Carbon Link Corporation, a member of CPL Environmental, an established activated carbon supplier to the gold mining industry, is seeking to employ a “GOLD RECOVERY EXPERT,” demonstrating technical exp…
Meetings (August 16, 1999)
Aug 16 Alpha Gold Aug 16 Gran Columbia Aug 16 Mango Aug 16 Rupert Aug 16 Telkwa Gold Aug 17 Bice Ventures Aug 17 Breckenridge Aug 17 Int’l Calneva Aug 17 Oromin Aug 17 Planet Expl. Aug 17 Redhawk Aug …
Noranda improves bottom line
Lower operating costs and higher metal production translated into higher income for Noranda (NOR-T) in the first half of the year.Earnings during the six months ended June 30 topped $34 million (or 10…
Maya, Billiton in Honduras
Maya Gold (MAY-A) and the Canadian subsidiary of London-based Billiton will explore for the yellow metal on the Triunfo concession in southern Honduras.To acquire an option on the property, Billiton h…
Richmont posts quarterly loss
Montreal-based Richmont Mines (RIC-T), which has operations in Quebec and Newfoundland, is feeling the pinch of low gold prices, increased cash costs and reduced production.The company posted a loss o…
Tahera funds work at Jericho (August 16, 1999)
Through a private placement, Tahera (TAH-T) intends to raise $3.5 million, a portion of which will be used to explore the Jericho diamond properties in the new Canadian territory of Nunavut.The privat…
Index (August 16, 1999)
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Placer reports solid quarter, continues cost-cutting efforts
North America’s third-largest gold mining company turned a profit in the second quarter, demonstrating an ability to adapt to lower gold prices by increasing efficiency and maintaining solid hedging p…
Homestake makes $100,000
Higher production pushed Homestake Mining (HM-N) into the black during the second quarter of 1999, despite poor gold prices.The company earned US$100,000 in the 3-month period, compared with a loss of…
Aquest seeing gold, antimony at Anabella
Drilling at the Anabella project in the western highlands of Guatemala has encountered intermittent zones of gold-antimony mineralization, reports operator Aquest Minerals (AQU-V).The results come fro…