Nelson writes down Zeravshan investment
Low gold prices and a mine-plan review have prompted Nelson Gold (NLG-T) to write down its investment in Zeravshan Gold, operator of the Jilau gold mine in Tajikistan.Although 1998 production increase…
News
NEVADA & THE WESTERN STATES — Orvana contemplates next move at Butte Highlands
A deal struck last December is giving Vancouver-based Orvana Minerals (ORV-T) some breathing room as it explores the Butte Highlands gold property in Montana.In an agreement with the underlying proper…
PEOPLE — Latigo
Eric Wiltzen appointed chairman, CEO and director; Kenneth Embree appointed secretary; Matthew Waterer and Shawn Wiltzen appointed directors.
GOLD FUNDS (June 14, 1999)
Gold Funds as of June 4, 1999BGRCentralNet Value$13.175.42Price$9.00$5.40…
NEVADA & THE WESTERN STATES — Getchell, Placer complete merger — Full capacity projected at 800,000 oz. per year
In a deal valued at US$1.1 billion, shareholders of Getchell Gold (GGO-X) have agreed to merge with Placer Bullion Acquisition, a wholly owned subsidiary of Placer Dome (PDG-N).The merger is the resul…
Boliden charged, Placer fined following accidents
Boliden Westmin has been charged under British Columbia’s mines safety code following an accident at its Myra Falls underground operation in October 1998 in which a miner was killed.Richard Nadeau was…
Meetings (June 14, 1999)
June 14, Alhambra June 14, Allican June 14, Breakwater June 14, Donnybrook June 14, Int’l Freegold June 14, Int’l Dunlap June 14, Invader June 14, Liberty June 14, Lysander Gold June 14, Marengo June …
NEVADA & THE WESTERN STATES — Olinghouse weathers rough startup
Following a dismal fourth quarter in 1998, Alta Gold (ALTA-Q) returned to profitable form in the first three months of this year.Income for the period ended March 31 totalled US$30,000 (or nil per sha…
PEOPLE — Sanfred
Richard Smith appointed director.
PEOPLE — Rex Diamond (June 14, 1999)
Hon. Robert Kaplan appointed director.
Asia Minerals frets future of Copperstone
The demise of Royal Oak Mines has forced Asia Minerals (AMP-A) to shelve a feasibility study planned for the partners’ Copperstone gold property, leaving development in limbo.At issue is the future of…
SPOT PRICES, Wednesday June 9, 1999
Precious MetalsPrice (US$/oz.)ChangeGold$262.00-$5.05Silver$ 4.93-$0.05…